Worth Asset Management LLC Reduces Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Worth Asset Management reduced its AMD holdings by 55.9% in the third quarter, selling 2,947 shares and retaining 2,329 shares valued at $1.425 million. Institutional investors collectively own 71.34% of the company.
• AMD continues to benefit from strong AI demand, with plans to expand AI-chip supply in 2027 and explore deeper manufacturing and memory partnerships with Samsung. Analysts remain bullish, including Citi, which raised its price target to $800, while HPE’s launch of four AMD-based AI servers adds to the company’s commercial momentum.
• Shares have surged roughly 220% over the past year to a market value of about $1.06 trillion, but the stock’s elevated valuation—166.39 times earnings—leaves limited room for execution mistakes. Investors are also monitoring insider selling and AMD’s upcoming November 3 earnings report for evidence that AI demand and margins justify expectations.

Worth Asset Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,329 shares of the semiconductor manufacturer's stock after selling 2,947 shares during the quarter. Worth Asset Management LLC's holdings in Advanced Micro Devices were worth $1,425,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Crumly & Associates Inc. increased its stake in shares of Advanced Micro Devices by 3.9% during the third quarter. Crumly & Associates Inc. now owns 1,715 shares of the semiconductor manufacturer's stock valued at $1,049,000 after purchasing an additional 65 shares in the last quarter. First Community Trust NA boosted its position in shares of Advanced Micro Devices by 6.2% in the 3rd quarter. First Community Trust NA now owns 4,723 shares of the semiconductor manufacturer's stock worth $2,889,000 after purchasing an additional 274 shares in the last quarter. RVW Wealth LLC grew its stake in shares of Advanced Micro Devices by 20.4% in the 3rd quarter. RVW Wealth LLC now owns 543 shares of the semiconductor manufacturer's stock worth $332,000 after buying an additional 92 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Advanced Micro Devices by 44.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,328 shares of the semiconductor manufacturer's stock valued at $9,377,000 after buying an additional 4,727 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in Advanced Micro Devices by 2.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer's stock valued at $1,378,000 after buying an additional 64 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: CEO Lisa Su said AMD plans to substantially increase AI-chip supply in 2027 to meet demand, while working with suppliers in Taiwan and South Korea to secure advanced wafer and memory capacity. The comments support expectations for continued data-center growth. AMD plans to substantially increase supply in 2027
• Positive Sentiment: Citi raised its AMD price target to $800 from $575 and maintained a Buy rating, citing the potential for agentic AI—including Meta’s Muse—to drive substantially greater CPU, memory and networking demand. Mizuho also lifted its target to $705, while other analysts remain optimistic ahead of earnings. Why Citi raised its AMD price target
• Positive Sentiment: AMD is exploring deeper partnerships with Samsung Electronics covering memory and foundry services. Such cooperation could help address tight AI-memory supply and reduce manufacturing bottlenecks. AMD explores partnership with Samsung
• Positive Sentiment: Hewlett Packard Enterprise launched four AI servers developed with AMD, providing additional evidence of AMD’s expanding server ecosystem and commercial AI deployments. HPE launches four AI servers with AMD
• Neutral Sentiment: AMD will report fiscal third-quarter 2026 results after the market close on November 3. Investors are focused on whether data-center growth, MI450 demand and margins can justify elevated expectations. AMD third-quarter 2026 earnings date
• Negative Sentiment: After AMD’s roughly 220% one-year surge and move above a $1 trillion valuation, some commentary warns that the stock leaves little room for execution mistakes, particularly because key AI products have not yet shipped at scale.
• Negative Sentiment: Ark Invest made AMD its largest sale in the latest trading round, signaling that at least one high-profile investor is taking profits after the rally. Potential dilution from warrants issued to Meta and OpenAI is another overhang, although the warrants are conditional.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. TD Cowen reissued a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. DA Davidson lifted their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Argus upped their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Citigroup increased their price objective on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Sunday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $576.88.

Insiders Place Their Bets

In other news, SVP Ava Hahn sold 2,993 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at $13,010,393.87. This represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. The trade was 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. Insiders have sold a total of 213,838 shares of company stock worth $105,533,836 in the last 90 days. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $3.07 during mid-day trading on Wednesday, reaching $646.35. The company's stock had a trading volume of 11,973,071 shares, compared to its average volume of 32,613,314. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The firm's fifty day moving average price is $519.28 and its two-hundred day moving average price is $452.34. 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 stock has a market cap of $1.06 trillion, a P/E ratio of 166.39, a PEG ratio of 6.55 and a beta of 2.45.

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. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the firm posted $0.48 EPS. The business's quarterly revenue was up 50.1% compared to the same quarter last year. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

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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