Garrett Wealth Advisory Group LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Institutional buying: Garrett Wealth Advisory Group opened a new ~2,614‑share (~$423k) stake in AMD, while larger moves by funds like Impax and Swiss National Bank helped push institutional ownership to about 71.34%.
• Notable insider selling: CEO Lisa Su and other executives have sold shares recently (Lisa Su ~125,000 shares, insiders ~239,392 shares worth ~$50M in the last three months), a development that could weigh on near‑term sentiment.
• Positive catalysts and strong results: AMD beat quarterly EPS and revenue estimates, and recent wins—Celestica "Helios" collaboration, an Adeia IP settlement, and a U.S. export‑policy reversal—plus analyst coverage (consensus target ~$290.53, "Moderate Buy") support its AI/GPU growth thesis.

Garrett Wealth Advisory Group 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 Securities and Exchange Commission (SEC). The fund bought 2,614 shares of the semiconductor manufacturer's stock, valued at approximately $423,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Impax Asset Management Group plc lifted its stake in shares of Advanced Micro Devices by 326.5% during the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock valued at $8,424,000 after buying an additional 39,861 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Advanced Micro Devices during the 2nd quarter valued at $4,519,000. Swiss National Bank raised its holdings in Advanced Micro Devices by 7.5% during the 2nd quarter. Swiss National Bank now owns 4,917,975 shares of the semiconductor manufacturer's stock valued at $697,861,000 after acquiring an additional 341,000 shares during the period. New York State Common Retirement Fund lifted its position in shares of Advanced Micro Devices by 8.4% during the second quarter. New York State Common Retirement Fund now owns 2,239,239 shares of the semiconductor manufacturer's stock worth $317,748,000 after acquiring an additional 172,745 shares in the last quarter. Finally, Zweig DiMenna Associates LLC boosted its holdings in shares of Advanced Micro Devices by 127.6% in the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock worth $11,746,000 after acquiring an additional 40,708 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Celestica collaboration to commercialize the "Helios" rack‑scale AI platform increases AMD's go‑to‑market for Instinct accelerators and supports larger customer deployments. Helios AI Platform Collaboration
• Positive Sentiment: Multi‑year IP license and settlement with Adeia removes legal overhang and provides AMD access to additional semiconductor IP — a near‑term de‑risk for product roadmaps. AMD Ties Up With Adeia
• Positive Sentiment: U.S. export‑policy reversal relaxes planned limits on advanced AI accelerators, widening AMD's addressable market for Instinct GPUs and reducing regulatory uncertainty for international sales. US Export Reversal
• Positive Sentiment: Expanded manufacturing/assembly partnerships (Flex, Celestica) and moves to scale Instinct production improve supply visibility for large cloud orders. Assessing Flex Partnership
• Neutral Sentiment: Early RDNA 6/Zen 6 / RDNA 5 leaks and benchmark snippets suggest potential product performance gains, but final silicon, power and partner wins will determine real commercial impact. Zen 6 / RDNA Leak
• Neutral Sentiment: Reported short‑interest data shows no meaningful change, so short‑position dynamics are not a driver of today's move.
• Neutral Sentiment: Many analysts remain constructive on AMD's AI growth (several buy/overweight notes and raised targets), which supports longer‑term upside even amid near‑term volatility. Analysts Stay Bullish
• Negative Sentiment: CEO Lisa Su sold 85,000 shares (~$16.9M at reported average price), part of broader insider selling disclosed recently — an item that can weigh on near‑term investor sentiment. SEC filing: Insider Sale Filing
• Negative Sentiment: Competitive moves and product announcements at NVIDIA's GTC (and related partner news like Samsung's foundry ties) sharpen execution and feature comparisons, pressuring sentiment for AMD until competitive benchmarks and design wins are confirmed. NVIDIA GTC Competitive Pressure
• Negative Sentiment: Macro/headline risk (oil‑supply disruptions) has hit chip stocks broadly, creating transient volatility that can pull AMD lower even when company‑specific fundamentals remain constructive. Oil Disruptions and Chip Stocks

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMD shares. UBS Group set a $310.00 price target on Advanced Micro Devices in a research report on Wednesday, February 4th. Citigroup reissued a "neutral" rating on shares of Advanced Micro Devices in a report on Thursday, January 15th. Royal Bank Of Canada restated a "sector perform" rating and set a $230.00 price target on shares of Advanced Micro Devices in a research report on Monday. Wedbush reiterated an "outperform" rating and issued a $290.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Finally, Sanford C. Bernstein set a $235.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $290.53.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the sale, the executive vice president owned 289,098 shares in the company, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $214.36, for a total value of $26,795,000.00. Following the sale, the chief executive officer directly owned 3,152,476 shares of the company's stock, valued at approximately $675,764,755.36. This trade represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 239,392 shares of company stock worth $50,016,383 in the last three months. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

AMD stock opened at $196.31 on Wednesday. The firm has a 50 day simple moving average of $215.31 and a two-hundred day simple moving average of $210.87. The stock has a market cap of $320.07 billion, a PE ratio of 74.08, a P/E/G ratio of 0.74 and a beta of 1.98. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion for the quarter, compared to analysts' expectations of $9.65 billion. During the same quarter last year, the company posted $1.09 EPS. The business's quarterly revenue was up 34.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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.