Advanced Micro Devices, Inc. $AMD Shares Sold by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,323 shares of the semiconductor manufacturer’s stock after selling 2,778 shares during the period. Advanced Micro Devices accounts for approximately 2.2% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 7th largest holding. St. Louis Financial Planners Asset Management LLC’s holdings in Advanced Micro Devices were worth $5,092,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes 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 worth $183,087,000 after buying an additional 300,000 shares during the period. Boomfish Wealth Group LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at $1,193,000. Dimensional Fund Advisors LP raised its holdings in Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after acquiring an additional 291,165 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock valued at $85,995,000 after acquiring an additional 138,328 shares during the period. Finally, Douglas Lane & Associates LLC lifted its position in shares of Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock worth $52,582,000 after acquiring an additional 82,934 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMD shares. BMO Capital Markets started coverage on Advanced Micro Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price target for the company. Stifel Nicolaus lifted their price target on Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Piper Sandler initiated coverage on Advanced Micro Devices in a research note on Tuesday, September 15th. They set an “overweight” rating and a $600.00 price objective on the stock. TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $603.51.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $528.75 on Friday. The firm’s 50 day simple moving average is $537.02 and its 200 day simple moving average is $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. The firm has a market capitalization of $863.17 billion, a PE ratio of 135.93, a price-to-earnings-growth ratio of 5.46 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current fiscal year.

Key Advanced Micro Devices News

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 Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 70,000 shares of Advanced Micro Devices stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 213,838 shares of company stock valued at $105,533,836. Corporate insiders own 0.50% of the company’s stock.

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.