Advanced Micro Devices, Inc. $AMD Stock Sold by Iams Wealth Management LLC

Iams Wealth Management LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 52.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,248 shares of the semiconductor manufacturer’s stock after selling 1,353 shares during the period. Iams Wealth Management LLC’s holdings in Advanced Micro Devices were worth $763,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its position in Advanced Micro Devices by 5.1% in the third quarter. Activest Wealth Management now owns 1,403 shares of the semiconductor manufacturer’s stock valued at $858,000 after purchasing an additional 68 shares during the last quarter. Split Rock Private Trading & Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 12.5% in the third quarter. Split Rock Private Trading & Wealth Management LLC now owns 764 shares of the semiconductor manufacturer’s stock worth $468,000 after purchasing an additional 85 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $434,000. Financial & Tax Architects LLC grew its holdings in shares of Advanced Micro Devices by 272.1% in the third quarter. Financial & Tax Architects LLC now owns 4,209 shares of the semiconductor manufacturer’s stock worth $2,575,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its stake in shares of Advanced Micro Devices by 16.2% in the third quarter. Fortitude Advisory Group L.L.C. now owns 2,500 shares of the semiconductor manufacturer’s stock worth $1,530,000 after buying an additional 348 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares in the company, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the transaction, the executive vice president directly owned 363,317 shares in the company, valued at approximately $182,766,616.85. The trade was a 4.54% decrease in their ownership of the stock. 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 owned by company insiders.

Advanced Micro Devices Trading Down 6.0%

Shares of AMD stock traded down $33.48 during trading hours on Friday, reaching $528.75. The company’s stock had a trading volume of 22,459,807 shares, compared to its average volume of 21,726,654. The stock has a market capitalization of $863.17 billion, a P/E ratio of 135.93, a P/E/G ratio of 5.81 and a beta of 2.45. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The firm’s fifty 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.

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, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business’s revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

Advanced Micro Devices News Roundup

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. CLSA reiterated an “outperform” rating and set a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. JPMorgan Chase & Co. increased their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Argus boosted their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Three research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $603.51.

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.