Advanced Micro Devices, Inc. $AMD Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 64.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 232,080 shares of the semiconductor manufacturer’s stock after purchasing an additional 91,010 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Advanced Micro Devices were worth $145,455,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AMD. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $7,022,226,000. BlackRock Inc. lifted its position in Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. Jupiter Topco LLC purchased a new position in Advanced Micro Devices during the second quarter worth approximately $2,084,651,000. Wellington Management Group LLP lifted its position in Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. Finally, State Street Corp boosted its stake in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Advanced Micro Devices

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 Down 6.0%

Shares of NASDAQ AMD opened at $528.75 on Friday. The company has a market capitalization of $863.17 billion, a P/E ratio of 135.93, a P/E/G ratio of 5.46 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company has a 50 day simple moving average of $537.02 and a 200-day simple moving average of $472.22. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on AMD. Raymond James Financial upgraded Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $565.00 to $641.00 in a report on Tuesday, August 25th. Rosenblatt Securities reiterated a “buy” rating and set a $700.00 price target on shares of Advanced Micro Devices in a report on Tuesday, September 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus boosted their price target on shares of Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $603.51.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 25,000 shares of Advanced Micro Devices stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the sale, the chief executive officer owned 74,211 shares in the company, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the company’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 completion of the transaction, 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 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 213,838 shares of company stock valued at $105,533,836 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.