Advanced Micro Devices, Inc. $AMD Stock Sold by VMS Asset Management Limited

Key Points

• VMS Asset Management cut its AMD position by 15.6% in the third quarter, selling 1,751 shares and retaining 9,506 shares valued at $5.815 million. Hedge funds and institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 213,838 shares worth approximately $105.5 million over the past three months, including sales by executives Mark Papermaster and Jean Hu under pre-arranged Rule 10b5-1 plans.
• Analysts remain broadly bullish, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $603.51. The company recently beat quarterly earnings and revenue estimates, posting 50.1% year-over-year revenue growth.

VMS Asset Management Limited decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,506 shares of the semiconductor manufacturer's stock after selling 1,751 shares during the period. Advanced Micro Devices comprises 2.3% of VMS Asset Management Limited's investment portfolio, making the stock its 16th biggest position. VMS Asset Management Limited's holdings in Advanced Micro Devices were worth $5,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Citizens Financial Corp lifted its holdings in Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 16 shares in the last quarter. Fearless Solutions LLC dba Best Invest grew its stake in shares of Advanced Micro Devices by 1.5% in the third quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock worth $718,000 after acquiring an additional 17 shares in the last quarter. Private Client Services LLC grew its stake in shares of Advanced Micro Devices by 1.7% in the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock worth $660,000 after acquiring an additional 18 shares in the last quarter. Box Hill Private Wealth LLC increased its position in shares of Advanced Micro Devices by 2.5% during the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock worth $486,000 after acquiring an additional 19 shares during the period. Finally, Bullock Wealth Management Group increased its position in shares of Advanced Micro Devices by 0.6% during the third quarter. Bullock Wealth Management Group now owns 3,321 shares of the semiconductor manufacturer's stock worth $2,045,000 after acquiring an additional 20 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD’s new Helion open rack-scale architecture for agentic AI could support demand by giving customers a modular alternative for deploying CPU- and GPU-based systems. Its contribution to the Open Compute Project and a rack-scale cooling collaboration with nVent strengthen AMD’s open-infrastructure strategy. What Does Advanced Micro Devices AMD Helion Mean for Its AI Ambitions?
• Positive Sentiment: Analysts and industry researchers remain constructive on AMD’s longer-term opportunity in agentic AI and inference. Software improvements are reportedly narrowing Nvidia’s inference advantage, while AMD’s backing of Fermi’s Texas power project could help ensure sufficient infrastructure for future chip deployments. AMD Challenges Nvidia’s AI Inference Lead
• Positive Sentiment: AMD’s strategic AI expansion—including the proposed all-stock acquisition of World Labs, an AI company led by Fei-Fei Li—could broaden its capabilities in 3D-world modeling and robotics. AMD Is Paying $8.2 Billion to Bring In the Godmother of AI

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark Papermaster sold 28,811 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 1st. Roth Capital increased their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Susquehanna increased their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research report on Thursday, July 30th. CLSA reiterated an "outperform" rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Finally, The Goldman Sachs Group boosted their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $603.51.

Advanced Micro Devices Trading Down 5.7%

NASDAQ:AMD opened at $570.82 on Thursday. The stock has a 50-day simple moving average of $534.65 and a 200-day simple moving average of $469.28. The stock has a market cap of $931.85 billion, a P/E ratio of 146.74, a P/E/G ratio of 6.26 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm's revenue was up 50.1% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.