Bank Pictet & Cie Europe AG Acquires 6,876 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Bank Pictet increased its AMD stake by 2.9%, acquiring 6,876 shares and bringing its holdings to 243,937 shares valued at approximately $149.2 million. Institutional investors collectively own 71.34% of AMD.
• Analysts remain broadly bullish, with AMD holding a consensus “Moderate Buy” rating and an average price target of $603.51. Expectations include roughly $13 billion in upcoming quarterly revenue, representing about 41% year-over-year growth.
• High valuation and insider selling remain risks: AMD trades at about 137 times earnings after rising more than 155% this year, while insiders have sold approximately $114.9 million of stock over the past three months under pre-arranged trading plans.

Bank Pictet & Cie Europe AG raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,937 shares of the semiconductor manufacturer's stock after acquiring an additional 6,876 shares during the quarter. Advanced Micro Devices makes up about 2.8% of Bank Pictet & Cie Europe AG's investment portfolio, making the stock its 8th biggest position. Bank Pictet & Cie Europe AG's holdings in Advanced Micro Devices were worth $149,231,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Advanced Micro Devices in the third quarter worth about $29,000. JNBA Financial Advisors grew its position in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Graney & King LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $31,000. Main Street Group LTD bought a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $33,000. Finally, Downshift Financial LLC raised its stake in Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after purchasing an additional 51 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Analyst support remains firm: Wedbush reaffirmed its “Outperform” rating and set a $600 price target. Earlier, TD Cowen maintained a Buy rating with a $675 target, citing potential agentic-AI demand and roughly 70% growth in AMD’s CPU sales next year. Wedbush AMD rating
• Positive Sentiment: Growth expectations remain elevated: AMD is expected to report approximately $13 billion in third-quarter revenue, up about 41% year over year, ahead of its anticipated November 3 earnings report. The company has exceeded the high end of its guidance in each of the past two quarters. AMD earnings expectations
• Positive Sentiment: Sector rebound signals: Semiconductor stocks recovered from an early sell-off as AI jitters eased. Falling short interest in leveraged semiconductor funds and increased institutional buying suggest some investors view the recent weakness as a temporary pullback rather than a deterioration in chip demand. Chip stocks recover as AI jitters fade
• Neutral Sentiment: OpenAI fundraising highlights ongoing AI demand: OpenAI is reportedly seeking roughly $30 billion at a valuation above $1.4 trillion. However, the disclosed financing support centers on Nvidia, offering no direct new business commitment to AMD and underscoring intense competitive pressure in AI infrastructure. OpenAI fundraising and chip stocks
• Negative Sentiment: Valuation is a major overhang: After rising more than 155% this year, AMD trades at a very high earnings multiple, making the stock vulnerable to profit-taking and any disappointment in AI growth, margins or execution. Analysts have questioned whether the Helios ramp and future earnings can justify the valuation. AMD AI opportunity and valuation
• Negative Sentiment: AI bubble and financing concerns persist: Reports citing semiconductor declines, leveraged AI financing and uncertainty over data-center spending have revived fears that the AI buildout could slow or produce margin pressure. An executive’s $9.3 million Rule 10b5-1 stock sale adds a modest negative sentiment signal, although he retained a substantial position.

Insider Buying and Selling

In related news, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the company's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the sale, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their position. 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 a total of 231,100 shares of company stock valued at $114,867,400 in the last three months. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $534.74 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The stock's 50 day simple moving average is $539.60 and its two-hundred day simple moving average is $478.81. The company has a market cap of $872.95 billion, a price-to-earnings ratio of 137.47, a PEG ratio of 5.52 and a beta of 2.45.

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

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. Raymond James Financial raised Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $565.00 to $641.00 in a report on Tuesday, August 25th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Roth Capital lifted their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Three investment 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 MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $603.51.

Advanced Micro Devices 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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