Advanced Micro Devices, Inc. $AMD Stake Trimmed by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.5% during the third quarter, Holdings Channel.com reports. The firm owned 69,672 shares of the semiconductor manufacturer’s stock after selling 20,188 shares during the period. Advanced Micro Devices accounts for about 1.0% of GRIMES & Co WEALTH MANAGEMENT LLC’s portfolio, making the stock its 19th largest position. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Advanced Micro Devices were worth $42,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BOCHK Asset Management Ltd grew its stake in shares of Advanced Micro Devices by 89.9% in the 3rd quarter. BOCHK Asset Management Ltd now owns 44,450 shares of the semiconductor manufacturer’s stock worth $27,193,000 after buying an additional 21,040 shares in the last quarter. Next Level Wealth Planning LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $144,000. Blue Bell Private Wealth Management LLC raised its position in shares of Advanced Micro Devices by 29.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 1,354 shares of the semiconductor manufacturer’s stock valued at $828,000 after buying an additional 306 shares in the last quarter. Frederick Financial Consultants LLC lifted its holdings in shares of Advanced Micro Devices by 15.1% in the 3rd quarter. Frederick Financial Consultants LLC now owns 846 shares of the semiconductor manufacturer’s stock valued at $517,000 after acquiring an additional 111 shares during the last quarter. Finally, Summit Wealth Group LLC Co. lifted its holdings in shares of Advanced Micro Devices by 90.9% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 4,505 shares of the semiconductor manufacturer’s stock valued at $2,756,000 after acquiring an additional 2,145 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMD shares. Bank of America upped their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a research report on Friday, September 25th. KeyCorp set a $650.00 target price on Advanced Micro Devices in a report on Wednesday, August 5th. William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. BMO Capital Markets started coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They set an “outperform” rating and a $550.00 target price on the stock. Finally, Piper Sandler initiated coverage on Advanced Micro Devices in a report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $608.78.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Expectations remain favorable for AMD’s AI business. Its Helios AI systems began shipping in September, and investors will look for evidence that the product ramp can accelerate revenue growth. Analysts also cite strong AI demand and increasing EPYC server adoption as potential catalysts. AMD Reports Tuesday: Here’s the Number That Will Show Whether It’s Gaining on Nvidia
• Positive Sentiment: Morgan Stanley raised its AMD price target from $465 to $510 while maintaining an Equal Weight rating, suggesting some upside despite a cautious stance. Separately, Tiger Global reportedly initiated a roughly $392 million AMD position, signaling institutional interest ahead of earnings. Morgan Stanley AMD Ratings
• Neutral Sentiment: Third-quarter revenue is expected to be close to AMD’s approximately $13 billion forecast, making fourth-quarter guidance the key share-price catalyst. Investors will focus on the pace of Helios shipments, AI demand from hyperscalers and management’s outlook for Nvidia competition. AMD’s Guidance in Focus During Q3 Results
• Negative Sentiment: AMD is entering the report after a sharp pullback from its high, with options markets implying substantial post-earnings volatility and some data suggesting a possible further decline. Its elevated valuation increases the risk of a negative reaction if guidance fails to exceed expectations. Ahead of AMD Earnings: What Barchart Data Says Comes Next
• Negative Sentiment: Intel’s warning has revived concerns about weakness in the PC market, while rising memory prices and tighter supply could pressure costs across AI infrastructure. Analysts have also flagged competition, high expectations and “circular investing” risks involving AI companies.

Advanced Micro Devices Stock Down 7.5%

Shares of AMD opened at $466.84 on Tuesday. The firm has a fifty day moving average price of $548.16 and a 200-day moving average price of $410.43. 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 firm has a market capitalization of $762.10 billion, a P/E ratio of 120.01, a P/E/G ratio of 5.94 and a beta of 2.45. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing 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, CEO Lisa Su sold 25,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the transaction, the chief executive officer owned 74,211 shares in the company, valued at approximately $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. 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 sold a total of 231,100 shares of company stock valued at $114,867,400 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

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.