986 Advanced Micro Devices, Inc. $AMD Shares Sold by Titleist Asset Management LLC

Titleist Asset Management LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 21,100 shares of the semiconductor manufacturer’s stock after selling 986 shares during the period. Titleist Asset Management LLC’s holdings in Advanced Micro Devices were worth $12,908,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AMD. Southpoint Capital Advisors LP boosted its holdings in Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after purchasing an additional 300,000 shares during the period. Boomfish Wealth Group LLC bought a new position in shares of Advanced Micro Devices during the first quarter worth approximately $1,193,000. Dimensional Fund Advisors LP raised its position in shares of Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after buying an additional 291,165 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $100,834,000. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of Advanced Micro Devices by 6,968.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock valued at $85,995,000 after buying an additional 138,328 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AI demand and supply-chain expansion remain key catalysts. TSMC reported third-quarter revenue of NT$1.49 trillion, up 50% year over year, signaling continued demand for AI processors from customers including AMD. CEO Lisa Su is also reportedly seeking deeper cooperation with Samsung in memory and foundry services to address supply constraints and support a planned capacity ramp. TSMC gives AI trade upbeat signal AMD explores Samsung partnership
• Positive Sentiment: Analysts see additional upside. BNP Paribas argued that Wall Street may be underestimating AMD’s opportunity across CPUs, AI accelerators and specialized inference chips, while Citi recently raised its price target by 39%, citing AI-agent demand and Meta’s Muse initiative. These targets reinforce the long-term growth narrative, although they require strong execution. AMD’s AI opportunity Citi raises AMD price target
• Neutral Sentiment: Third-quarter earnings are scheduled for November 3. AMD will report fiscal third-quarter results after the market close and hold its conference call at 5 p.m. ET. Investors will focus on data-center growth, AI accelerator deployments, supply availability and guidance for the next quarter. AMD schedules third-quarter earnings
• Negative Sentiment: Valuation has become a central concern. AMD’s market capitalization is around $1 trillion, with a trailing P/E near 158, leaving little room for execution missteps. Commentators noted that major AI products such as Helios still need to reach meaningful scale, convert customer commitments into recurring deployments and generate stronger cash flow to justify the stock’s premium. AMD valuation concerns
• Negative Sentiment: Broader semiconductor weakness amplified the pressure. AMD and other chip stocks moved lower despite TSMC’s strong results, reflecting profit-taking, rising-rate concerns and investor skepticism about whether the easy gains from the AI trade have already occurred. Reports also highlighted potential dilution from warrants granted to Meta and OpenAI if performance conditions are met.

Insider Buying and Selling

In other news, SVP Ava Hahn sold 2,993 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the transaction, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The sale 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, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 over the last quarter. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

AMD stock traded down $29.29 during trading on Thursday, reaching $616.57. 13,510,965 shares of the company were exchanged, compared to its average volume of 32,542,254. The company has a 50-day moving average of $523.60 and a two-hundred day moving average of $455.44. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 158.27, a P/E/G ratio of 6.73 and a beta of 2.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.31 billion. During the same period last year, the company earned $0.48 earnings per share. The business’s quarterly revenue was up 50.1% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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. Susquehanna upped their target price on Advanced Micro Devices from $450.00 to $500.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Loop Capital raised Advanced Micro Devices to a “strong-buy” rating in a report on Tuesday, June 16th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, The Goldman Sachs Group boosted their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $585.26.

About Advanced Micro Devices

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.