Iams Wealth Management LLC Sells 1,353 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Iams Wealth Management reduced its AMD position by 52% in the third quarter, selling 1,353 shares and retaining 1,248 shares valued at approximately $763,000.
• Institutional investors own 71.34% of AMD, with major firms including BlackRock, State Street and Wellington increasing their holdings. Analysts maintain a broadly bullish view, with a “Moderate Buy” consensus and an average price target of $603.51.
• AMD shares recently traded at $528.75, while the company reported quarterly revenue growth of 50.1% year over year and earnings that exceeded analyst expectations. However, its elevated valuation and recent insider selling remain potential investor concerns.

Iams Wealth Management LLC lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,248 shares of the semiconductor manufacturer's stock after selling 1,353 shares during the period. Iams Wealth Management LLC's holdings in Advanced Micro Devices were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMD. BlackRock Inc. lifted its position in shares of Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares during the period. State Street Corp increased its position in Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after buying an additional 2,149,563 shares in the last quarter. Bank of America Corp DE acquired a new position in Advanced Micro Devices during the 2nd quarter worth approximately $7,022,226,000. Jennison Associates LLC raised its stake in 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 worth $5,793,388,000 after buying an additional 545,575 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock worth $5,422,444,000 after acquiring an additional 2,365,419 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Mizuho boosted their target price on Advanced Micro Devices from $580.00 to $705.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 6th. Citigroup increased their price target on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Benchmark increased their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Wedbush reiterated an "outperform" rating and set a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three 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 stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $603.51.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 213,838 shares of company stock valued at $105,533,836 over the last 90 days. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $33.48 during midday trading on Friday, hitting $528.75. 22,459,807 shares of the company's stock were exchanged, compared to its average volume of 21,726,654. The business's fifty day moving average price is $537.02 and its two-hundred day moving average price is $472.22. The company has a market cap of $863.17 billion, a price-to-earnings ratio of 135.93, a PEG ratio of 5.81 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 company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

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, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.45 EPS for the current fiscal year.

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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