Bender Robert & Associates Sells 7,162 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Bender Robert & Associates reduced its AMD position by 11.9% in the third quarter, selling 7,162 shares and retaining 53,255 shares valued at approximately $32.6 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD insiders sold 231,100 shares worth about $114.9 million during the last quarter, although the reported transactions were conducted under pre-arranged Rule 10b5-1 trading plans.
• Analysts remain broadly bullish, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $606.76. The stock opened at $507.93, down 8.1%, amid chip-sector weakness, competitive concerns and its demanding valuation.

Bender Robert & Associates decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,255 shares of the semiconductor manufacturer's stock after selling 7,162 shares during the quarter. Advanced Micro Devices makes up 6.4% of Bender Robert & Associates' investment portfolio, making the stock its 3rd biggest holding. Bender Robert & Associates' holdings in Advanced Micro Devices were worth $32,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Momentous Wealth Management Inc. lifted its position in shares of Advanced Micro Devices by 31.2% in the 3rd quarter. Momentous Wealth Management Inc. now owns 651 shares of the semiconductor manufacturer's stock worth $398,000 after purchasing an additional 155 shares during the period. Trifecta Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 0.3% during the third quarter. Trifecta Capital Advisors LLC now owns 32,447 shares of the semiconductor manufacturer's stock worth $19,850,000 after buying an additional 107 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Advanced Micro Devices by 3.4% during the third quarter. Crossmark Global Holdings Inc. now owns 89,312 shares of the semiconductor manufacturer's stock worth $54,638,000 after buying an additional 2,973 shares during the period. Kraft Davis & Associates LLC increased its position in shares of Advanced Micro Devices by 4.5% during the third quarter. Kraft Davis & Associates LLC now owns 1,264 shares of the semiconductor manufacturer's stock worth $773,000 after buying an additional 55 shares during the period. Finally, Albion Financial Group UT raised its stake in Advanced Micro Devices by 1.2% during the third quarter. Albion Financial Group UT now owns 1,772 shares of the semiconductor manufacturer's stock worth $1,084,000 after buying an additional 21 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, 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 transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $114,867,400 in the last quarter. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMD shares. Bank of America boosted their target price on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the company a "buy" rating in a report on Friday, September 25th. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Morgan Stanley boosted their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Wedbush restated an "outperform" rating and set a $600.00 target price on shares of Advanced Micro Devices in a research report on Tuesday. Finally, Jefferies Financial Group set a $650.00 target price on Advanced Micro Devices in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $606.76.

Advanced Micro Devices Stock Down 8.1%

AMD stock opened at $507.93 on Friday. The stock's 50 day simple moving average is $541.49 and its 200 day simple moving average is $483.21. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week 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. The company has a market cap of $829.18 billion, a P/E ratio of 130.57, a price-to-earnings-growth ratio of 5.67 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD continues to receive support from expected long-term AI demand. Vultr is expanding its AMD-powered infrastructure with a 20-megawatt MI355X GPU supercluster in India, while additional physical-AI and robotics projects could broaden the company’s opportunity beyond traditional data centers. Vultr and AMD Expand Global Collaboration
• Positive Sentiment: Analyst support remains a counterweight to the sell-off. Susquehanna raised its AMD price target from $550 to $620 with a positive rating, and Wedbush reaffirmed an Outperform view, citing server CPU demand and potential data-center upside. Susquehanna AMD price target
• Neutral Sentiment: Nvidia’s planned standalone CPU and Supermicro’s 256-CPU Vera rack highlight growing competition in a market historically led by AMD and Intel. The development validates demand for CPUs in agentic AI workloads but could pressure AMD’s competitive position. Nvidia enters the CPU market
• Negative Sentiment: Renewed attacks in Saudi Arabia pushed oil prices higher, intensifying inflation and interest-rate concerns. Higher financing costs could make the capital-intensive AI infrastructure build-out more difficult to sustain, particularly as Meta’s cash spending caused investors to question the durability of the AI boom. Why AMD Stock Fell
• Negative Sentiment: A broader chip sell-off was amplified by supply-chain warnings and weakness in the PC market, overshadowing bullish AI data-center forecasts. Investors are also cautious because AMD has already experienced substantial gains and trades at a demanding valuation, leaving less room for disappointing guidance. AMD stock drops in chip sell-off

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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