Verus Capital Partners LLC Sells 2,841 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Verus Capital Partners trimmed its AMD position by 2,841 shares, or 1%, leaving it with 277,776 shares valued at about $169.9 million; AMD remains the fund’s second-largest holding.
• AMD reported quarterly revenue of $13.38 billion, up 44.7% year over year, and EPS of $2.09, beating estimates. Management pointed to strong AI and data-center demand and forecast faster growth ahead.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $643.69, though some warn AMD’s high valuation and competition could leave shares vulnerable if growth expectations ease.

Verus Capital Partners LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,776 shares of the semiconductor manufacturer's stock after selling 2,841 shares during the quarter. Advanced Micro Devices makes up about 9.0% of Verus Capital Partners LLC's portfolio, making the stock its 2nd biggest holding. Verus Capital Partners LLC's holdings in Advanced Micro Devices were worth $169,932,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMD. DecisionPoint Financial LLC boosted its holdings in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $29,000. JNBA Financial Advisors increased its holdings in shares of Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 30 shares during the last quarter. Downshift Financial LLC increased its holdings in shares of Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock worth $35,000 after buying an additional 51 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $37,000. 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: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMD. Melius Research set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. HSBC reiterated a "hold" rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research report on Thursday. CLSA reissued an "outperform" rating and set a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $550.00 to $575.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Truist Financial lifted their target price on Advanced Micro Devices from $594.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $643.69.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $449.04 on Friday. The business has a 50-day moving average of $546.81 and a 200 day moving average of $414.98. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The stock has a market capitalization of $736.46 billion, a price-to-earnings ratio of 97.62, a price-to-earnings-growth ratio of 4.56 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The business's revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices 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 completion of the transaction, the executive vice president owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.

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