Kornitzer Capital Management Inc. KS Has $886,000 Stock Position in Advanced Micro Devices, Inc. $AMD

Kornitzer Capital Management Inc. KS lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.2% in the third quarter, HoldingsChannel.com reports. The firm owned 5,475 shares of the semiconductor manufacturer’s stock after selling 2,150 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Advanced Micro Devices were worth $886,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMD. CFS Investment Advisory Services LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $168,000. Purkiss Capital Advisors LLC acquired a new stake in Advanced Micro Devices during the 3rd quarter worth about $237,000. National Wealth Management Group LLC grew its holdings in Advanced Micro Devices by 100.6% during the 3rd quarter. National Wealth Management Group LLC now owns 6,854 shares of the semiconductor manufacturer’s stock worth $1,109,000 after acquiring an additional 3,438 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Advanced Micro Devices by 3.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 208,655 shares of the semiconductor manufacturer’s stock worth $33,792,000 after acquiring an additional 7,391 shares in the last quarter. Finally, Monte Financial Group LLC acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $294,000. 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: OpenAI chip deal highlights growing AI revenue stream and validates AMD’s datacenter roadmap — a major fundamental catalyst that helps justify recent multiple expansion and investor optimism. AMD Lands OpenAI Chip Deal, Highlighting Growing AI Revenue Story
• Positive Sentiment: Strong reviews for the Ryzen 7 9850X3D are boosting confidence in AMD’s consumer CPU cycle and could lift client revenue and ASPs. Positive product momentum often feeds the headline reaction ahead of broader earnings. AMD Stock Jumps Alongside Positive Ryzen 7 9850X3D Reviews
• Positive Sentiment: Piper Sandler raised its price target (to $300) and kept an Overweight stance, citing Helios ramp and OpenAI as upside — an institutional upgrade that can attract investor flows. Piper Sandler Sees Helios Ramp and OpenAI Driving AMD Upside
• Positive Sentiment: High-profile bullish commentary (Jim Cramer saying he regrets selling AMD and noting unmet demand) amplifies retail/institutional interest and adds to momentum. Jim Cramer Says “Wish We Had Not Sold AMD for the Charitable Trust”
• Neutral Sentiment: Market chatter and leaks about a Ryzen 7 9850X3D + RAM bundle have lifted sentiment, but impact on near-term revenue is uncertain until broader channel data appears. AMD Stock Gains on Leaked Ryzen 7 9850X3D CPUs & RAM Bundle
• Neutral Sentiment: Speculative pieces predicting a post‑earnings rally on Feb. 3 and broader “buy” lists (MarketBeat, The Motley Fool) are momentum drivers but rely on AMD delivering a clean beat/guidance; they are worth watching but not guaranteed. Prediction: AMD Stock Will Soar on Feb. 3
• Neutral Sentiment: Upcoming Q4/earnings season (reports expected Feb. 3) is the immediate event risk: consensus expects continued revenue/EPS growth driven by AI/datacenter — good execution could sustain the rally; a miss would reverse sentiment. AMD Stock Flirts With Buy Point Ahead Of Q4 Report
• Negative Sentiment: Competitive/industry risk: Intel’s recent results and strategic positioning were highlighted as a reminder that AMD faces strong incumbents in data center CPU/GPU markets — continued pressure or better Intel execution could cap upside. Intel’s 21% Sell-Off Looks Ugly—But the Numbers Tell Another Story (AMD)

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMD shares. Deutsche Bank Aktiengesellschaft set a $235.00 target price on Advanced Micro Devices and gave the stock a “hold” rating in a report on Tuesday, October 14th. UBS Group lifted their price objective on shares of Advanced Micro Devices from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial cut their target price on shares of Advanced Micro Devices from $279.00 to $277.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Raymond James Financial began coverage on shares of Advanced Micro Devices in a report on Thursday, November 20th. They issued an “outperform” rating and a $377.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $281.06.

Advanced Micro Devices Stock Performance

AMD opened at $252.74 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a market cap of $411.47 billion, a price-to-earnings ratio of 125.12, a PEG ratio of 1.05 and a beta of 1.95. The company’s fifty day moving average price is $219.90 and its two-hundred day moving average price is $201.16. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares of the company’s stock, valued at $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the sale, the chief executive officer owned 3,277,476 shares of the company’s stock, valued at $705,116,186.64. This trade represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 164,000 shares of company stock valued at $36,034,173. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.