Schaper Benz & Wise Investment Counsel Inc. WI Sells 3,244 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Schaper Benz & Wise Investment Counsel reduced its AMD position by 3,244 shares, or 2.8%, in the third quarter, but still held 114,162 shares valued at approximately $69.8 million. AMD remains the fund’s third-largest holding at 4.3% of its portfolio.
• Institutional investors own 71.34% of AMD, with major holders including BlackRock and State Street increasing their stakes during recent quarters.
• AMD benefits from strong AI infrastructure demand and potential supply partnerships, but its elevated valuation remains a key risk. Analysts maintain a “Moderate Buy” consensus with a $585.26 average price target, while third-quarter earnings scheduled for November 3 will be closely watched.

Schaper Benz & Wise Investment Counsel Inc. WI decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,162 shares of the semiconductor manufacturer's stock after selling 3,244 shares during the quarter. Advanced Micro Devices accounts for 4.3% of Schaper Benz & Wise Investment Counsel Inc. WI's portfolio, making the stock its 3rd largest position. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Advanced Micro Devices were worth $69,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. State Street Corp grew its holdings in shares of Advanced Micro Devices by 2.9% during 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 purchasing an additional 2,149,563 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Advanced Micro Devices by 15.9% during the 4th quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer's stock valued at $3,313,758,000 after purchasing an additional 2,124,867 shares during the last quarter. Bank of America Corp DE purchased a new position in Advanced Micro Devices in the 2nd quarter worth $7,022,226,000. Finally, Jennison Associates LLC lifted its stake in Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AI infrastructure demand remains strong. TSMC reported record quarterly revenue, while Samsung also posted exceptionally strong results tied to AI memory demand—supportive read-throughs for AMD’s data-center and accelerator businesses. TSMC quarterly results
• Positive Sentiment: AMD is reportedly exploring a foundry and memory partnership with Samsung, potentially improving access to critical manufacturing and high-bandwidth memory as AI chip supply remains constrained. AMD Samsung partnership
• Positive Sentiment: The partnership with Core Scientific highlights potential demand for AMD-powered AI data centers, while analysts and bullish commentators continue to see upside from CPUs, accelerators and inference chips. Core Scientific and AMD partnership
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3. The report will be an important test of whether accelerating AI demand can justify the stock’s elevated valuation. AMD earnings date
• Negative Sentiment: Valuation concerns are dominating sentiment. AMD was cited as trading near 125 times free cash flow, far above Broadcom’s roughly 46 times, leaving little room for execution missteps or slower growth. AMD versus Broadcom valuation
• Negative Sentiment: A broader market selloff, rising Treasury yields and higher oil prices pressured richly valued technology shares. ARK Invest also sold approximately $14 million of AMD stock, adding a modest negative sentiment signal. ARK Invest AMD sale

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $540.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Melius Research set a $660.00 target price on Advanced Micro Devices in a report on Friday, July 24th. Piper Sandler initiated coverage on Advanced Micro Devices in a research report on Tuesday, September 15th. They set an "overweight" rating and a $600.00 price target on the stock. Wedbush reaffirmed an "outperform" rating and issued a $600.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, Susquehanna boosted their price objective on Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $585.26.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $608.10 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market cap of $992.71 billion, a P/E ratio of 156.32, a P/E/G ratio of 6.39 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The firm has a 50-day moving average of $528.95 and a 200-day moving average of $459.44.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. Advanced Micro Devices's revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.48 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark Papermaster sold 28,811 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was 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 of the company's stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the transaction, the executive vice president owned 363,317 shares of the company's stock, valued at approximately $182,766,616.85. This represents a 4.54% 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. In the last quarter, insiders sold 213,838 shares of company stock worth $105,533,836. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices 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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