Net Worth Advisory Group Sells 3,172 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Net Worth Advisory Group cut its AMD stake by 56.9% in the third quarter, selling 3,172 shares and retaining 2,398 shares valued at approximately $1.48 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, exceeding analyst estimates, while revenue increased 50.1% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $603.51 price target, but AMD’s high valuation—with a price-to-earnings ratio above 137—leaves the stock vulnerable to disappointing AI growth or execution.

Net Worth Advisory Group lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 56.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,398 shares of the semiconductor manufacturer's stock after selling 3,172 shares during the quarter. Net Worth Advisory Group's holdings in Advanced Micro Devices were worth $1,476,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMD. Boyd Wealth Management LLC acquired a new position in Advanced Micro Devices in the third quarter valued at about $347,000. tru Independence LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth $212,000. Eagle Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 1.6% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 6,804 shares of the semiconductor manufacturer's stock valued at $4,162,000 after buying an additional 110 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Advanced Micro Devices by 2.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 272,294 shares of the semiconductor manufacturer's stock worth $166,579,000 after acquiring an additional 6,793 shares in the last quarter. Finally, JDH Wealth Management LLC grew its position in shares of Advanced Micro Devices by 26.8% in the 3rd quarter. JDH Wealth Management LLC now owns 473 shares of the semiconductor manufacturer's stock valued at $289,000 after purchasing an additional 100 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $534.74 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The firm's fifty day moving average is $539.60 and its 200-day moving average is $478.81. The firm has a market cap of $872.95 billion, a PE ratio of 137.47, a price-to-earnings-growth ratio of 5.52 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the business posted $0.48 EPS. Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

More Advanced Micro Devices News

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

• Positive Sentiment: Analyst support remains firm: Wedbush reaffirmed its “Outperform” rating and set a $600 price target. Earlier, TD Cowen maintained a Buy rating with a $675 target, citing potential agentic-AI demand and roughly 70% growth in AMD’s CPU sales next year. Wedbush AMD rating
• Positive Sentiment: Growth expectations remain elevated: AMD is expected to report approximately $13 billion in third-quarter revenue, up about 41% year over year, ahead of its anticipated November 3 earnings report. The company has exceeded the high end of its guidance in each of the past two quarters. AMD earnings expectations
• Positive Sentiment: Sector rebound signals: Semiconductor stocks recovered from an early sell-off as AI jitters eased. Falling short interest in leveraged semiconductor funds and increased institutional buying suggest some investors view the recent weakness as a temporary pullback rather than a deterioration in chip demand. Chip stocks recover as AI jitters fade
• Neutral Sentiment: OpenAI fundraising highlights ongoing AI demand: OpenAI is reportedly seeking roughly $30 billion at a valuation above $1.4 trillion. However, the disclosed financing support centers on Nvidia, offering no direct new business commitment to AMD and underscoring intense competitive pressure in AI infrastructure. OpenAI fundraising and chip stocks
• Negative Sentiment: Valuation is a major overhang: After rising more than 155% this year, AMD trades at a very high earnings multiple, making the stock vulnerable to profit-taking and any disappointment in AI growth, margins or execution. Analysts have questioned whether the Helios ramp and future earnings can justify the valuation. AMD AI opportunity and valuation
• Negative Sentiment: AI bubble and financing concerns persist: Reports citing semiconductor declines, leveraged AI financing and uncertainty over data-center spending have revived fears that the AI buildout could slow or produce margin pressure. An executive’s $9.3 million Rule 10b5-1 stock sale adds a modest negative sentiment signal, although he retained a substantial position.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Argus upped their price objective on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Sunday, October 4th. Benchmark upped their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Piper Sandler started coverage on shares of Advanced Micro Devices in a research note on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price target for the company. Finally, Roth Capital boosted their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $603.51.

Insider Activity at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. The trade was 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, EVP Forrest Norrod sold 17,262 shares of the company's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the sale, the executive vice president owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. The trade was a 4.66% 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. Insiders have sold 231,100 shares of company stock valued at $114,867,400 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Profile

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.

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