SLT Holdings LLC Sells 1,500 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• SLT Holdings LLC reduced its AMD position by 27.3%, selling 1,500 shares in the third quarter and retaining 3,993 shares valued at approximately $2.44 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD shares fell $33.48 to $528.75 in Friday trading, while the company continues to benefit from strong operating momentum: quarterly revenue rose 50.1% year over year to $11.54 billion and earnings beat estimates.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $603.51 target price, but investors are increasingly focused on AMD’s high valuation, AI-spending sustainability and broader semiconductor-sector volatility.

SLT Holdings LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,993 shares of the semiconductor manufacturer's stock after selling 1,500 shares during the period. Advanced Micro Devices accounts for approximately 1.4% of SLT Holdings LLC's portfolio, making the stock its 17th largest position. SLT Holdings LLC's holdings in Advanced Micro Devices were worth $2,443,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMD. Southpoint Capital Advisors LP increased its holdings in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after purchasing an additional 300,000 shares during the period. Boomfish Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $1,193,000. Dimensional Fund Advisors LP raised its stake in shares of Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock worth $85,995,000 after purchasing an additional 138,328 shares during the period. Finally, Douglas Lane & Associates LLC lifted its holdings in shares of Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock worth $52,582,000 after purchasing an additional 82,934 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Key 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

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $33.48 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 firm has a market cap of $863.17 billion, a price-to-earnings ratio of 135.93, a P/E/G ratio of 5.81 and a beta of 2.45. The firm's 50-day moving average price is $537.02 and its two-hundred day moving average price is $472.22. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly 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 business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company's quarterly revenue was up 50.1% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMD shares. UBS Group reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. KeyCorp set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Sanford C. Bernstein restated an "outperform" rating and set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. Finally, Roth Capital raised their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $603.51.

Insider Activity

In related news, EVP Forrest Norrod sold 17,261 shares of the company's stock in a transaction on 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 transaction, the executive vice president owned 363,317 shares of the company's stock, valued at $182,766,616.85. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the transaction, the executive vice president owned 117,687 shares of the company's stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

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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