Fagan Associates Inc. Sells 3,573 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Fagan Associates reduced its AMD position by 3.6%, selling 3,573 shares and retaining 95,426 shares worth approximately $58.4 million. AMD remains the fund’s second-largest holding, representing 6.7% of its portfolio.
• Institutional investors own 71.34% of AMD, while company insiders sold 213,838 shares worth about $105.5 million over the past 90 days. Major institutions including BlackRock and State Street increased their positions.
• AMD reported quarterly revenue of $11.54 billion and adjusted earnings of $1.66 per share, beating estimates, while revenue rose 50.1% year over year. Shares traded near $605.53, and analysts maintained a “Moderate Buy” consensus with an average price target of $593.82, though the stock’s roughly 156 price-to-earnings ratio signals elevated valuation risk.

Fagan Associates Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,426 shares of the semiconductor manufacturer's stock after selling 3,573 shares during the period. Advanced Micro Devices accounts for about 6.7% of Fagan Associates Inc.'s investment portfolio, making the stock its 2nd biggest holding. Fagan Associates Inc.'s holdings in Advanced Micro Devices were worth $58,378,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. State Street Corp boosted its stake in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Advanced Micro Devices by 15.9% during the 4th quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer's stock worth $3,313,758,000 after acquiring an additional 2,124,867 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $7,022,226,000. Finally, Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after acquiring an additional 545,575 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Ava Hahn sold 2,993 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Mark Papermaster sold 28,811 shares of the stock in a transaction on Thursday, August 20th. The shares were 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 of the company's stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 213,838 shares of company stock valued at $105,533,836 in the last ninety days. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $11.29 during trading on Tuesday, reaching $605.53. The company's stock had a trading volume of 17,847,018 shares, compared to its average volume of 32,343,414. 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 business's fifty day moving average price is $532.88 and its 200-day moving average price is $466.70. The firm has a market cap of $988.51 billion, a price-to-earnings ratio of 155.66, a price-to-earnings-growth ratio of 6.29 and a beta of 2.45. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping 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 business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. The firm's revenue was up 50.1% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. KeyCorp set a $650.00 price objective on Advanced Micro Devices in a research note on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Melius Research set a $660.00 price target on Advanced Micro Devices in a report on Friday, July 24th. UBS Group reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, Benchmark lifted their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $593.82.

Key Advanced Micro Devices News

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

• Positive Sentiment: Scaleway selected AMD for a major AI supercomputer in Sweden. The European cloud provider plans to build an AMD-powered system, providing evidence of demand for AMD’s Instinct GPUs and strengthening the company’s position as an alternative to Nvidia in AI data centers. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: AMD’s Helion rack-scale platform is reinforcing its agentic-AI strategy. The open blueprint supports CPU-only and combined CPU/GPU configurations, up to 32,768 CPU cores, and is expected to become available in November. The design could help AMD capture enterprise and hyperscale inference workloads as customers seek flexible infrastructure. AMD unveils Helion open rack blueprint for agentic AI
• Positive Sentiment: AMD is providing financial support to energy company Fermi. The partnership sent Fermi shares sharply higher and may give AMD exposure to power infrastructure needed for large AI data centers, although the longer-term financial benefit to AMD remains uncertain. Fermi partnership with AMD
• Neutral Sentiment: Analysts and commentators remain bullish on AMD’s potential to benefit from AI inference growth, with one report assigning a $1,200 target. However, the stock trades at roughly 155 times earnings, leaving limited room for execution disappointments.
• Negative Sentiment: Semiconductor shares are facing broad risk-off selling. Investors are taking profits after a powerful run, while intensifying Chinese competition and worries that financing constraints could slow AI data-center expansion are weighing on AMD, Nvidia, and Intel.
• Negative Sentiment: Reports that OpenAI reduced its revenue outlook have prompted investors to reassess assumptions for AI accelerator demand and infrastructure spending. AMD’s exposure to the AI buildout makes it particularly sensitive to any signs of slower customer returns.
• Negative Sentiment: News that President Donald Trump’s investment team sold as much as $5 million of AMD stock adds a negative sentiment signal, though the trade was made in August and does not necessarily reflect AMD’s operating outlook.

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.

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