Blue Jean Financial LLC Acquires 3,421 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Blue Jean Financial LLC acquired 3,421 AMD shares worth approximately $2.1 million during the third quarter, making AMD 1.3% of its portfolio. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains positive: AMD has a consensus “Moderate Buy” rating and an average price target of $603.51, with several firms recently raising targets as high as $705.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, beating estimates. However, the stock’s elevated valuation and recent insider selling may increase downside risk if AI growth expectations weaken.

Blue Jean Financial LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 3,421 shares of the semiconductor manufacturer's stock, valued at approximately $2,093,000. Advanced Micro Devices comprises 1.3% of Blue Jean Financial LLC's holdings, making the stock its 28th biggest holding.

Several other institutional investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Advanced Micro Devices during the 3rd quarter worth $29,000. JNBA Financial Advisors grew its position in shares of Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Graney & King LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $31,000. Main Street Group LTD acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $33,000. Finally, Downshift Financial LLC grew its position in shares of Advanced Micro Devices by 850.0% in the third 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 last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMD. Mizuho boosted their price objective on Advanced Micro Devices from $580.00 to $705.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 6th. Stifel Nicolaus increased their target price on Advanced Micro Devices from $635.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, October 5th. KeyCorp set a $650.00 target price on Advanced Micro Devices in a report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their price target 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 issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $603.51.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $534.74 on Wednesday. The firm's 50-day moving average is $539.60 and its 200-day moving average is $478.81. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-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 $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 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. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm's revenue for the quarter was up 50.1% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Norrod sold 17,262 shares of the business's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the transaction, the executive vice president directly owned 353,317 shares in the company, valued at $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This trade represents a 2.23% 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. Insiders sold 231,100 shares of company stock valued at $114,867,400 over the last quarter. Company insiders own 0.50% of the company's stock.

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.

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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