Finer Wealth Management Inc. Sells 1,187 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Finer Wealth Management reduced its AMD stake by 5.4% in the third quarter, selling 1,187 shares and retaining 20,793 shares worth approximately $12.7 million. Institutional investors collectively own 71.34% of AMD.
• Analysts remain broadly bullish, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $603.51; recent targets range from $540 to $710.
• AMD posted strong quarterly results, reporting $1.66 in EPS and $11.54 billion in revenue, with revenue up 50.1% year over year. However, executives sold shares under pre-arranged trading plans, and the stock’s elevated valuation and broader semiconductor-market concerns remain risks.

Finer Wealth Management Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,793 shares of the semiconductor manufacturer's stock after selling 1,187 shares during the quarter. Advanced Micro Devices makes up about 4.6% of Finer Wealth Management Inc.'s portfolio, making the stock its 6th biggest holding. Finer Wealth Management Inc.'s holdings in Advanced Micro Devices were worth $12,720,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. First Citizens Financial Corp increased its position in shares of Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest raised its holdings in Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock valued at $718,000 after buying an additional 17 shares during the period. Private Client Services LLC raised its holdings in Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock valued at $660,000 after buying an additional 18 shares during the period. Box Hill Private Wealth LLC raised its holdings in Advanced Micro Devices by 2.5% in the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock valued at $486,000 after buying an additional 19 shares during the period. Finally, Bullock Wealth Management Group lifted its position in Advanced Micro Devices by 0.6% in the third quarter. Bullock Wealth Management Group now owns 3,321 shares of the semiconductor manufacturer's stock valued at $2,045,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. TD Cowen reiterated a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. CLSA restated an "outperform" rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Finally, Piper Sandler began coverage on shares of Advanced Micro Devices in a report on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price objective on the stock. Three equities research 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.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $603.51.

Insider Activity at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated 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 sale, the executive vice president owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares of the company's stock, valued at approximately $37,609,392.69. The trade was a 25.20% decrease in their position. 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. Over the last three months, insiders sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $528.75 on Monday. 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 market capitalization of $863.17 billion, a PE ratio of 135.93, a P/E/G ratio of 5.43 and a beta of 2.45. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The business's fifty day moving average price is $537.02 and its 200 day moving average price is $474.16.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results 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. 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 analyst estimates of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 EPS. Advanced Micro Devices's revenue was up 50.1% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.49 EPS for the current year.

More Advanced Micro Devices News

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

• Positive Sentiment: Arete raised its AMD price target to $612 from $540, while recent commentary highlighted the company’s expanding data-center business, AI accelerator opportunity and open Helion rack-scale architecture. Arete Adjusts Price Target on Advanced Micro Devices
• Positive Sentiment: AMD’s credit-support agreement for Fermi’s Texas data-center power lease is viewed as a potential AI infrastructure catalyst, although Fermi still faces liquidity and lease-related risks. AMD's Support Could Help Fermi Stock
• Neutral Sentiment: ETF investors were net sellers of AMD on October 14, adding to short-term trading pressure but offering little insight into the company’s operating outlook. ETFs Are Net Sellers of AMD
• Negative Sentiment: A broad semiconductor selloff intensified after a Qualcomm jury verdict, with Arm, AMD and Taiwan Semiconductor declining together. Investors are questioning whether AI infrastructure spending can sustain current expectations, particularly as elevated interest rates pressure richly valued growth stocks. Arm and AMD Fall as Qualcomm Verdict Adds to Chip Selloff
• Negative Sentiment: Analysts and investors are also reassessing AMD’s elevated valuation, AI financing risks and the sustainability of extremely high data-center spending. Reports of widespread insider selling may further weigh on sentiment, even though institutional ownership remains substantial. AMD Slides as Chip Selloff Continues

About Advanced Micro Devices

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.