Advanced Micro Devices, Inc. $AMD Shares Sold by NFSG Corp

NFSG Corp trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,390 shares of the semiconductor manufacturer’s stock after selling 4,455 shares during the quarter. Advanced Micro Devices makes up approximately 1.0% of NFSG Corp’s investment portfolio, making the stock its 27th largest position. NFSG Corp’s holdings in Advanced Micro Devices were worth $9,416,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter worth $29,000. JNBA Financial Advisors grew its holdings in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Graney & King LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter worth $31,000. Main Street Group LTD acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $33,000. Finally, Downshift Financial LLC raised its position in shares of Advanced Micro Devices by 850.0% in the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 51 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $565.00 to $641.00 in a research note on Tuesday, August 25th. BMO Capital Markets assumed coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $550.00 price objective for the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $603.51.

Advanced Micro Devices Trading Down 6.0%

NASDAQ:AMD traded down $33.48 during trading hours on Friday, hitting $528.75. The company had a trading volume of 22,459,807 shares, compared to its average volume of 21,726,654. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The company has a market cap of $863.17 billion, a P/E ratio of 135.93, a P/E/G ratio of 5.81 and a beta of 2.45. The company has a 50-day moving average of $537.02 and a 200 day moving average of $472.22. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

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 business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

Advanced Micro Devices News Roundup

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

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the transaction, the executive vice president directly owned 363,317 shares of the company’s stock, valued at $182,766,616.85. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Advanced Micro Devices stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 213,838 shares of company stock valued at $105,533,836 in the last quarter. Insiders own 0.50% of the company’s stock.

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.