Advanced Micro Devices, Inc. $AMD Position Lessened by Fagan Associates Inc.

Fagan Associates Inc. trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,426 shares of the semiconductor manufacturer’s stock after selling 3,573 shares during the quarter. Advanced Micro Devices accounts for 6.7% of Fagan Associates Inc.’s portfolio, making the stock its 2nd largest position. Fagan Associates Inc.’s holdings in Advanced Micro Devices were worth $58,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Citizens Financial Corp increased its holdings in Advanced Micro Devices by 3.4% in 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. Private Client Services LLC raised its stake in shares of Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after buying an additional 18 shares in the last quarter. Box Hill Private Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock worth $486,000 after acquiring an additional 19 shares during the period. Bullock Wealth Management Group lifted its holdings in shares of Advanced Micro Devices by 0.6% during the 3rd quarter. Bullock Wealth Management Group now owns 3,321 shares of the semiconductor manufacturer’s stock worth $2,045,000 after acquiring an additional 20 shares during the period. Finally, Baring Financial LLC boosted its position in shares of Advanced Micro Devices by 4.5% during the 3rd quarter. Baring Financial LLC now owns 491 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 21 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $11.29 during trading hours on Tuesday, hitting $605.53. 17,847,018 shares of the company’s stock were exchanged, compared to its average volume of 32,343,414. The stock’s 50-day moving average is $532.88 and its 200-day moving average is $466.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock has a market cap of $988.51 billion, a price-to-earnings ratio of 155.66, a price-to-earnings-growth ratio of 6.29 and a beta of 2.45. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Scaleway selected AMD for a major AI supercomputer in Sweden. The European cloud provider plans to build an AMD-powered system, providing evidence of demand for AMD’s Instinct GPUs and strengthening the company’s position as an alternative to Nvidia in AI data centers. Scaleway to build AMD-powered AI supercomputer in Sweden
• Positive Sentiment: AMD’s Helion rack-scale platform is reinforcing its agentic-AI strategy. The open blueprint supports CPU-only and combined CPU/GPU configurations, up to 32,768 CPU cores, and is expected to become available in November. The design could help AMD capture enterprise and hyperscale inference workloads as customers seek flexible infrastructure. AMD unveils Helion open rack blueprint for agentic AI
• Positive Sentiment: AMD is providing financial support to energy company Fermi. The partnership sent Fermi shares sharply higher and may give AMD exposure to power infrastructure needed for large AI data centers, although the longer-term financial benefit to AMD remains uncertain. Fermi partnership with AMD
• Neutral Sentiment: Analysts and commentators remain bullish on AMD’s potential to benefit from AI inference growth, with one report assigning a $1,200 target. However, the stock trades at roughly 155 times earnings, leaving limited room for execution disappointments.
• Negative Sentiment: Semiconductor shares are facing broad risk-off selling. Investors are taking profits after a powerful run, while intensifying Chinese competition and worries that financing constraints could slow AI data-center expansion are weighing on AMD, Nvidia, and Intel.
• Negative Sentiment: Reports that OpenAI reduced its revenue outlook have prompted investors to reassess assumptions for AI accelerator demand and infrastructure spending. AMD’s exposure to the AI buildout makes it particularly sensitive to any signs of slower customer returns.
• Negative Sentiment: News that President Donald Trump’s investment team sold as much as $5 million of AMD stock adds a negative sentiment signal, though the trade was made in August and does not necessarily reflect AMD’s operating outlook.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the completion of the transaction, the executive vice president directly owned 363,317 shares of the company’s stock, valued at approximately $182,766,616.85. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. This represents a 2.23% 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 quarter, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMD shares. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. UBS Group restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Stifel Nicolaus upped their price objective on Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday, October 5th. Finally, Argus increased their price objective on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $593.82.

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.