Advanced Micro Devices, Inc. $AMD Stake Lifted by Financial & Tax Architects LLC

Financial & Tax Architects LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 272.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,209 shares of the semiconductor manufacturer’s stock after buying an additional 3,078 shares during the period. Financial & Tax Architects LLC’s holdings in Advanced Micro Devices were worth $2,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Fortitude Advisory Group L.L.C. increased its holdings in shares of Advanced Micro Devices by 16.2% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 2,500 shares of the semiconductor manufacturer’s stock worth $1,530,000 after acquiring an additional 348 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of Advanced Micro Devices by 46.2% in the third quarter. AdvisorNet Financial Inc now owns 9,454 shares of the semiconductor manufacturer’s stock valued at $6,183,000 after acquiring an additional 2,986 shares during the period. Community Financial Services Group LLC grew its position in shares of Advanced Micro Devices by 3,682.0% during the 3rd quarter. Community Financial Services Group LLC now owns 9,644 shares of the semiconductor manufacturer’s stock worth $5,938,000 after purchasing an additional 9,389 shares in the last quarter. Weaver Capital Management LLC increased its stake in Advanced Micro Devices by 68.2% during the 3rd quarter. Weaver Capital Management LLC now owns 11,947 shares of the semiconductor manufacturer’s stock worth $7,309,000 after acquiring an additional 4,846 shares during the period. Finally, Triasima Portfolio Management inc. bought a new position in shares of Advanced Micro Devices in the third quarter worth $3,073,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Grasby sold 15,000 shares of the company’s 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 completion of the sale, the executive vice president owned 117,687 shares in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Papermaster sold 28,811 shares of the company’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 sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was 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. In the last quarter, insiders sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is currently owned by insiders.

Key Stories Impacting Advanced Micro Devices

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

Advanced Micro Devices Stock Performance

Shares of AMD opened at $528.75 on Friday. 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, Inc. has a one year low of $188.22 and a one year high of $658.52. The stock has a 50-day moving average of $537.02 and a 200-day moving average of $472.22. The company has a market cap of $863.17 billion, a PE ratio of 135.93, a P/E/G ratio of 5.81 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business’s revenue was up 50.1% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMD shares. Rosenblatt Securities restated a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, September 29th. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. CLSA reissued an “outperform” rating and set a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Finally, Benchmark increased their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Three research 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 company. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $603.51.

Advanced Micro Devices Company 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.