GAMMA Investing LLC Purchases 5,002 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• GAMMA Investing LLC increased its AMD position by 12% in the third quarter, purchasing 5,002 additional shares for a total of 46,704 shares valued at approximately $29.2 million.
• AMD received broadly positive analyst coverage, with a consensus rating of “Moderate Buy” and an average price target of $585.26; Citigroup raised its target to $800.
• AMD’s latest quarterly results exceeded expectations, with revenue rising 50.1% year over year to $11.54 billion and EPS of $1.66, though the stock remains highly valued and sensitive to broader market pressure.

GAMMA Investing LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,704 shares of the semiconductor manufacturer's stock after buying an additional 5,002 shares during the period. Advanced Micro Devices makes up about 1.0% of GAMMA Investing LLC's holdings, making the stock its 14th biggest holding. GAMMA Investing LLC's holdings in Advanced Micro Devices were worth $29,206,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Southpoint Capital Advisors LP boosted its holdings in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC bought a new stake in Advanced Micro Devices during the first quarter worth approximately $1,193,000. Dimensional Fund Advisors LP lifted its position in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after purchasing an additional 291,165 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth approximately $100,834,000. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock valued at $85,995,000 after purchasing an additional 138,328 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Citigroup raised their target price on Advanced Micro Devices from $575.00 to $800.00 and gave the company a "buy" rating in a research note on Tuesday. UBS Group reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Sunday, October 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $585.26.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Grasby sold 15,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. The trade was a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 transaction of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This 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. In the last quarter, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Trading Down 3.9%

NASDAQ:AMD opened at $620.68 on Friday. 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 fifty-two week low of $188.22 and a fifty-two week high of $658.52. The stock's 50-day moving average is $526.31 and its two-hundred day moving average is $458.39. The stock has a market cap of $1.01 trillion, a PE ratio of 159.56, a price-to-earnings-growth ratio of 6.69 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm's revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Key Advanced Micro Devices News

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

• Positive Sentiment: Goldman Sachs raised its 2026 U.S. data-center capacity forecast by 5 gigawatts to 64GW and expects capacity to reach 90GW in 2027. The continued expansion of AI infrastructure supports long-term demand for AMD’s CPUs and accelerators. Ways AI Data Center Capacity Will Reach 90GW by 2027
• Positive Sentiment: TSMC reported third-quarter revenue of approximately $46.7 billion, up 50% year over year, signaling that demand for AI processors from customers including AMD remains robust. AMD’s data-center revenue was also reported at $6.7 billion, up 107% annually. Nvidia, AMD, Intel stocks despite record AI demand
• Positive Sentiment: CEO Lisa Su’s discussions with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. The company is also linked to open Ethernet data-center infrastructure initiatives with Arista, Broadcom, Meta and Microsoft. AMD CEO says continues to explore foundry partnership with Samsung
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3, giving investors a near-term catalyst. The report will be important for assessing whether AI commitments are translating into sustained deployments, cash flow and margins. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher Treasury yields and oil prices intensified a broader equity and semiconductor selloff, reducing investor appetite for richly valued AI stocks. AMD’s elevated valuation makes its shares particularly sensitive to changes in interest-rate expectations. Why are Intel and AMD stocks plunging
• Negative Sentiment: Analysts and commentators cautioned that AMD’s market capitalization and recent rally may already price in substantial AI success. Delivering on future products, including rack-scale systems, and converting customer commitments into recurring revenue will be necessary to justify further gains. AMD’s Valuation Is Ruffling Feathers on Wall Street

About Advanced Micro Devices

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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