Legacy Wealth Asset Management LLC Cuts Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Legacy Wealth Asset Management reduced its AMD position by 7.4% in the third quarter, selling 806 shares and retaining 10,098 shares valued at approximately $6.4 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD insiders have sold heavily, including CEO Lisa Su and EVP Forrest Norrod, while insiders sold $105.5 million worth of shares over the past 90 days. Insiders now own just 0.50% of the company.
• Analyst sentiment remains positive, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $585.26; however, the stock’s valuation is elevated at roughly 160 times earnings despite strong quarterly results and 50.1% year-over-year revenue growth.

Legacy Wealth Asset Management LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,098 shares of the semiconductor manufacturer's stock after selling 806 shares during the period. Advanced Micro Devices comprises 1.4% of Legacy Wealth Asset Management LLC's portfolio, making the stock its 12th biggest position. Legacy Wealth Asset Management LLC's holdings in Advanced Micro Devices were worth $6,416,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hardin Capital Partners LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $270,000. LifeGoal Investments LLC grew its stake in Advanced Micro Devices by 19.1% during the third quarter. LifeGoal Investments LLC now owns 1,646 shares of the semiconductor manufacturer's stock worth $1,007,000 after buying an additional 264 shares in the last quarter. Market Street Wealth Management Advisors LLC increased its stake in shares of Advanced Micro Devices by 21.0% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 1,223 shares of the semiconductor manufacturer's stock valued at $748,000 after purchasing an additional 212 shares during the last quarter. Monument Capital Management grew its stake in shares of Advanced Micro Devices by 25.9% during the third quarter. Monument Capital Management now owns 1,110 shares of the semiconductor manufacturer's stock worth $679,000 after buying an additional 228 shares during the last quarter. Finally, Emergent Wealth Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $208,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling

In related news, EVP Forrest Norrod sold 17,261 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the completion of the sale, the executive vice president directly owned 363,317 shares in the company, valued at $182,766,616.85. This represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 25,000 shares of the business'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 value of $12,669,750.00. Following the completion of the sale, the chief executive officer owned 74,211 shares of the company's stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their position. 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 a total of 213,838 shares of company stock worth $105,533,836 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. 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. Zacks Research cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 1st. Argus raised their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Piper Sandler started coverage on shares of Advanced Micro Devices in a report on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price target on the stock. Finally, CLSA reiterated an "outperform" rating and issued a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $585.26.

Advanced Micro Devices Price Performance

AMD opened at $620.68 on Friday. The stock has a 50-day moving average price of $526.31 and a 200-day moving average price of $458.39. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 159.56, a PEG ratio of 6.69 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 released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for 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 quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: CEO Lisa Su reportedly met with Samsung Electronics and SK Hynix executives to explore foundry, memory and supply-chain partnerships. Additional access to advanced manufacturing and high-bandwidth memory could help AMD meet demand for its AI accelerators. How to Play AMD Stock as It Continues to Explore a Foundry Partnership With a Korean Tech Giant
• Positive Sentiment: TSMC reported third-quarter revenue of approximately $46.7 billion, up 50% year over year, reinforcing that demand for AI processors from customers including AMD remains robust. Broader data-center expansion forecasts and AMD-powered server launches also support the company’s long-term growth opportunity. Nvidia, AMD, Intel stocks despite record AI demand
• Positive Sentiment: Citi raised its AMD price target by 39%, while other analysts have highlighted opportunities in AI accelerators, CPUs, inference chips and rack-scale systems. These bullish views suggest potential upside if AMD converts large AI commitments into repeat deployments and stronger cash flow. Citi’s Price Target Boost Lifts AMD Shares
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3, giving investors a near-term catalyst. The market will focus on AI data-center revenue, supply availability, margins and forward guidance.
• Negative Sentiment: AMD’s elevated valuation—reported at roughly 160 times earnings—has made the stock vulnerable to rising Treasury yields and oil prices. Intel, Nvidia and other semiconductor shares also fell, indicating a broad sector selloff rather than an AMD-specific announcement. Why are Intel and AMD stocks plunging?
• Negative Sentiment: ARK Invest sold approximately $14 million of AMD shares, adding to concerns about profit-taking after the stock’s substantial rally. Reports also note consistent recent insider selling, although such transactions may reflect planned diversification rather than a change in business outlook. Cathie Wood sold $18.7M of SpaceX and AMD

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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