Advanced Micro Devices, Inc. $AMD Stock Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 36.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,148 shares of the semiconductor manufacturer’s stock after selling 57,859 shares during the period. Advanced Micro Devices accounts for 4.0% of Smith Group Asset Management LLC’s holdings, making the stock its 3rd largest position. Smith Group Asset Management LLC’s holdings in Advanced Micro Devices were worth $61,267,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $29,000. JNBA Financial Advisors grew its holdings in shares of Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Graney & King LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth $31,000. Main Street Group LTD acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth $33,000. Finally, Downshift Financial LLC grew its holdings in shares of Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 51 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Monday, October 19th. Wedbush reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, October 20th. UBS Group reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. The Goldman Sachs Group increased their price objective on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, Susquehanna raised their target price on shares of Advanced Micro Devices from $620.00 to $650.00 and gave the company a “positive” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $607.57.

Advanced Micro Devices Trading Up 3.2%

Shares of AMD stock opened at $578.44 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The stock’s fifty day moving average price is $545.58 and its two-hundred day moving average price is $405.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company has a market cap of $944.29 billion, a PE ratio of 148.70, a P/E/G ratio of 5.30 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping 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 analysts’ expectations of $11.31 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. Advanced Micro Devices’s revenue was up 50.1% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.50 EPS for the current fiscal year.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD will invest $1 billion in Meta’s equity offering as the companies expand their AI infrastructure relationship. Meta is testing AMD Helios rack-scale systems, uses EPYC processors and Instinct GPUs, and plans to deploy a customized Instinct accelerator. The agreement strengthens AMD’s visibility with a major hyperscaler and supports the company’s strategy of competing with Nvidia in AI computing. AMD to Invest $1 Billion in Meta as Companies Expand AI Infrastructure Partnership
• Positive Sentiment: Investors are positioning ahead of the November 3 earnings report. Expectations call for continued data-center momentum from EPYC server CPUs and Instinct AI accelerators, while AMD’s agreements with Meta and OpenAI covering potentially large GPU deployments reinforce the growth outlook. Dear AMD Stock Fans, Mark Your Calendar for November 3
• Positive Sentiment: Susquehanna raised its AMD price target to $650 from $620 and maintained a positive rating. Aletheia Capital separately lifted its target to $800 with a Buy rating, reflecting optimism about AI and data-center growth. Susquehanna Adjusts Price Target on Advanced Micro Devices to $650 From $620
• Neutral Sentiment: AMD also benefited from a broader semiconductor rally after strong results from SK Hynix, lifting sentiment across AI-chip stocks. AMD, Broadcom, and Micron Stocks Lead Chip Sector Higher
• Negative Sentiment: Valuation remains a key risk. Commentary notes AMD’s rapid run-up, high earnings multiple and increasing competition from Nvidia, while ARK Invest has continued selling AMD shares. Higher TSMC wafer and advanced-packaging prices could also pressure AMD’s margins if costs cannot be passed to customers. Taiwan Semiconductor Flexes Pricing Power on AI’s Frontline

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares in the company, valued at $60,598,213.17. The trade was a 11.30% 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 sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa Su sold 70,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the transaction, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. The trade was a 2.26% 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. Over the last 90 days, insiders have sold 231,100 shares of company stock valued at $114,867,400. Company insiders own 0.50% of the company’s stock.

About Advanced Micro Devices

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.