Advanced Micro Devices, Inc. $AMD Stock Sold by Wedbush Securities Inc.

Key Points

• Wedbush Securities reduced its AMD position by 4.3%, selling 3,145 shares and retaining 70,694 shares worth approximately $43.25 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year to $11.54 billion and earnings of $1.66 per share, exceeding analyst expectations.
• Analyst sentiment remains bullish, with a consensus “Moderate Buy” rating and an average price target of $606.76, though AMD’s elevated valuation and competitive and macroeconomic risks could limit further gains.

Wedbush Securities Inc. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,694 shares of the semiconductor manufacturer's stock after selling 3,145 shares during the period. Advanced Micro Devices makes up approximately 1.1% of Wedbush Securities Inc.'s holdings, making the stock its 12th biggest position. Wedbush Securities Inc.'s holdings in Advanced Micro Devices were worth $43,248,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ramsey Quantitative Systems bought a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $104,000. TSA Wealth Managment LLC lifted its position in Advanced Micro Devices by 2.0% in the 3rd quarter. TSA Wealth Managment LLC now owns 1,306 shares of the semiconductor manufacturer's stock valued at $799,000 after acquiring an additional 25 shares in the last quarter. Washington Trust Advisors Inc. lifted its position in Advanced Micro Devices by 29.8% in the 3rd quarter. Washington Trust Advisors Inc. now owns 405 shares of the semiconductor manufacturer's stock valued at $248,000 after acquiring an additional 93 shares in the last quarter. XXI Wealth LLC lifted its position in Advanced Micro Devices by 5.5% in the 3rd quarter. XXI Wealth LLC now owns 4,931 shares of the semiconductor manufacturer's stock valued at $3,017,000 after acquiring an additional 255 shares in the last quarter. Finally, MLP3 LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $202,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 1.7%

NASDAQ:AMD opened at $516.79 on Friday. The company has a market cap of $843.64 billion, a PE ratio of 132.85, a price-to-earnings-growth ratio of 5.30 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $541.54 and a two-hundred day simple moving average of $483.45. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same period in the prior year, the firm earned $0.48 EPS. The company's revenue was up 50.1% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. The trade was a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the sale, the senior vice president owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 231,100 shares of company stock valued at $114,867,400 in the last 90 days. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AMD shares. Citigroup lifted their target price on Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a report on Tuesday, October 6th. Piper Sandler assumed coverage on Advanced Micro Devices in a report on Tuesday, September 15th. They set an "overweight" rating and a $600.00 price target on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. Finally, Raymond James Financial raised Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $565.00 to $641.00 in a research report on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $606.76.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Analyst support is helping sentiment. AMD received an analyst upgrade, while Erste Group raised its FY2027 earnings estimate to $15.05 per share from $14.80. The company’s long-term earnings outlook is being supported by expectations for continued AI accelerator demand. AMD Stock Jumps Following Analyst Upgrade
• Positive Sentiment: AI growth remains the core bullish argument. Articles point to AMD’s hyperscaler contracts, data-center expansion and expected product cycles as potential drivers of substantial future revenue growth. AMD recently reported 50.1% year-over-year revenue growth, and analysts continue to debate whether its AI opportunity is being underestimated. AMD’s Potential May Be Underestimated
• Neutral Sentiment: Today’s strength follows a broad technology rebound. AMD and Intel recovered after a sharp semiconductor sell-off, while AMD also contributed to gains in the Invesco QQQ Trust. This suggests some of the buying reflects sector rotation and short-term dip buying rather than a change in AMD’s fundamentals. Why AMD and Intel Stocks Are Gaining
• Negative Sentiment: Valuation and execution risks remain significant. AMD has already risen sharply this year, and its high earnings multiple leaves little room for disappointment. Investors are focused on whether upcoming earnings and new AI products can validate the expectations embedded in the stock. AMD Stock Price Prediction
• Negative Sentiment: Competitive and macroeconomic pressures could limit upside. Nvidia is expanding into CPU systems traditionally dominated by AMD and Intel, while higher oil prices, interest rates and questions about AI infrastructure spending are weighing on the broader semiconductor trade. Nvidia Enters the CPU Market

Advanced Micro Devices Company Profile

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

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

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