1,139 Advanced Micro Devices, Inc. $AMD Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,344 shares of the semiconductor manufacturer’s stock after selling 1,139 shares during the quarter. Advanced Micro Devices comprises approximately 1.3% of Independence Bank of Kentucky’s holdings, making the stock its 14th largest holding. Independence Bank of Kentucky’s holdings in Advanced Micro Devices were worth $11,834,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. First Citizens Financial Corp raised its holdings in shares of Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 16 shares during the period. Fearless Solutions LLC dba Best Invest grew its stake in Advanced Micro Devices by 1.5% in the third quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 17 shares in the last quarter. Private Client Services LLC raised its position in shares of Advanced Micro Devices by 1.7% during the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after acquiring an additional 18 shares in the last quarter. Box Hill Private Wealth LLC lifted its position in shares of Advanced Micro Devices by 2.5% in the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock worth $486,000 after buying an additional 19 shares during the last quarter. Finally, Trust Co of the South lifted its holdings in Advanced Micro Devices by 1.1% in the third quarter. Trust Co of the South now owns 1,765 shares of the semiconductor manufacturer’s stock worth $1,080,000 after acquiring an additional 19 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Advanced Micro Devices News

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

• Positive Sentiment: Expanded Meta partnership strengthens AMD’s AI growth narrative. AMD will invest $1 billion in Meta’s equity offering, while Meta is testing AMD Helios rack-scale systems, using EPYC processors and deploying Instinct GPUs for AI workloads. The companies also plan to collaborate on future GPUs, networking and software at gigawatt scale. The agreement provides additional visibility into potential hyperscale demand ahead of AMD’s November 3 earnings report. AMD and Meta partnership announcement
• Positive Sentiment: Analysts see data-center momentum. Rosenblatt named AMD its top semiconductor pick heading into earnings, citing improving server and AI demand. Susquehanna also reportedly raised its price target to $620 from $550, while a new Vultr cloud region will use a 20-megawatt AMD Instinct MI355X supercluster. Rosenblatt semiconductor picks
• Positive Sentiment: Long-term earnings expectations remain bullish. AMD has targeted adjusted EPS above $20 within three to five years of its 2025 analyst day, and CEO Lisa Su has indicated the company expects to significantly exceed that goal. Recent results also showed strong execution, with quarterly revenue up 50.1% year over year and EPS ahead of consensus. AMD long-term earnings outlook
• Neutral Sentiment: Meta’s financing creates both opportunity and scrutiny. Meta’s planned equity raise of up to $95 billion is intended to fund AI infrastructure, with AMD, Nvidia and Broadcom participating or expressing interest in buying shares. Investors welcomed the implied customer commitment, but commentators questioned whether supplier investments could represent circular financing rather than purely organic demand. AMD Meta investment report
• Neutral Sentiment: Upcoming earnings are a significant near-term catalyst. Options markets imply a potentially large move around the November 3 report, increasing the importance of AMD’s data-center revenue, AI GPU demand and forward guidance.
• Negative Sentiment: Valuation and competitive risks remain elevated. Commentary noted that AMD has risen rapidly, trades at a very high earnings multiple and remains substantially smaller than Nvidia in data-center scale and margins. Higher advanced-packaging and wafer costs from TSMC could also pressure AMD’s profitability. AMD valuation and stock information
• Negative Sentiment: Insider selling is a sentiment concern. Reported insider activity showed 147 open-market sales and no purchases during the past six months, including substantial sales by senior executives. Such transactions may reflect diversification, but they provide a counterpoint to the bullish AI narrative.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $560.26 on Wednesday. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a 50-day moving average price of $543.70 and a two-hundred day moving average price of $404.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Analysts expect that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AMD. Roth Capital upped their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Mizuho lifted their target price on Advanced Micro Devices from $580.00 to $705.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Monday, October 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Three investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.76.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by company insiders.

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.