Advanced Micro Devices, Inc. $AMD Stock Sold by Viking Fund Management LLC

Viking Fund Management LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,000 shares of the semiconductor manufacturer’s stock after selling 5,000 shares during the quarter. Viking Fund Management LLC’s holdings in Advanced Micro Devices were worth $7,341,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position 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 valued at $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. State Street Corp boosted its position 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 worth $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. Invesco Ltd. boosted its position 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 worth $3,313,758,000 after acquiring an additional 2,124,867 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $7,022,226,000. Finally, Jennison Associates LLC increased 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 valued at $5,793,388,000 after acquiring an additional 545,575 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD stock opened at $562.23 on Friday. The company has a 50 day simple moving average of $536.11 and a 200 day simple moving average of $471.82. The stock has a market cap of $917.82 billion, a price-to-earnings ratio of 144.53, a P/E/G ratio of 5.90 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 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) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS 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 business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue was up 50.1% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMD. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Robert W. Baird set a $1,250.00 target price on Advanced Micro Devices in a report on Friday, July 24th. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Citigroup lifted their price target on Advanced Micro Devices from $575.00 to $800.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Finally, BMO Capital Markets began coverage on Advanced Micro Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $550.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $603.51.

Insider Activity

In related news, SVP Ava Hahn sold 2,993 shares of the firm’s 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 sale, the senior vice president owned 26,623 shares of the company’s stock, valued at $13,010,393.87. This trade represents a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. This trade represents a 8.52% 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 have sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is currently owned by insiders.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD’s long-term AI opportunity remains a key bullish argument. Analysts point to strong demand for data-center processors and accelerators, improving AI-inference software, and the potential for agentic AI to drive substantial future compute demand. AMD’s Helion rack-scale architecture, developed with an open and modular approach, could broaden its role in AI infrastructure. What Does Advanced Micro Devices AMD Helion Mean For Its AI Ambitions?
• Positive Sentiment: A credit-support agreement connected to Fermi Inc.’s 222-megawatt Texas power lease for Project Matador may help advance AI data-center capacity and could support AMD’s ecosystem and infrastructure ambitions, although related liquidity and lease risks remain. AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
• Neutral Sentiment: TSMC reported record profits and described AI-chip demand as extremely robust, supporting the underlying demand backdrop for AMD. However, TSMC’s shares also weakened, showing that strong operating results are not currently overcoming broader risk aversion in chip stocks. TSMC Posts Record Profit Amid Extremely Robust Demand for AI Chips
• Negative Sentiment: Rising Treasury yields are increasing the discount rate applied to AMD’s future earnings and raising borrowing costs for AI customers. Fears that hyperscalers and other infrastructure buyers may struggle to finance planned projects have triggered a broad semiconductor sell-off. Rate Pressure vs. AI Demand
• Negative Sentiment: AMD’s sharp year-to-date advance and premium valuation have increased profit-taking risk. Reports also highlight extensive insider selling, with no reported open-market purchases in the cited six-month period, potentially reinforcing investor concerns about valuation and expectations. AMD Stock Surges 183% YTD: Time to Hold or Exit?
• Negative Sentiment: Concerns about an AI-spending reset intensified after weakness in AI-financing markets, including a sell-off in CoreWeave bonds. Investors are questioning whether AI demand, competitive pressure and infrastructure spending can justify current chip valuations. AMD Stock Takes a Bigger Hit as Cracks Emerge in the AI Trade

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.