44,832 Advanced Micro Devices, Inc. $AMD Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,311 shares of the semiconductor manufacturer’s stock after selling 44,832 shares during the period. Howard Capital Management LLC’s holdings in Advanced Micro Devices were worth $40,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Annex Advisory Services LLC grew its position in shares of Advanced Micro Devices by 17.7% in the 3rd quarter. Annex Advisory Services LLC now owns 2,343 shares of the semiconductor manufacturer’s stock valued at $1,433,000 after acquiring an additional 352 shares during the period. BFI Infinity Ltd. acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth about $214,000. Goldstein Advisors LLC raised its holdings in shares of Advanced Micro Devices by 59.2% in the 3rd quarter. Goldstein Advisors LLC now owns 2,125 shares of the semiconductor manufacturer’s stock valued at $1,300,000 after purchasing an additional 790 shares during the period. ACT Advisors LLC. raised its holdings in shares of Advanced Micro Devices by 13.2% in the 3rd quarter. ACT Advisors LLC. now owns 713 shares of the semiconductor manufacturer’s stock valued at $436,000 after purchasing an additional 83 shares during the period. Finally, Paragon Capital Management Inc. lifted its stake in Advanced Micro Devices by 13.3% in the 3rd quarter. Paragon Capital Management Inc. now owns 5,396 shares of the semiconductor manufacturer’s stock valued at $3,301,000 after purchasing an additional 632 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. 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. Morgan Stanley raised their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $603.51.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $33.48 during midday trading on Friday, hitting $528.75. The company’s stock had a trading volume of 22,459,807 shares, compared to its average volume of 21,726,654. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. 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 company has a 50-day moving average price of $537.02 and a two-hundred day moving average price of $472.22. The company has a market cap of $863.17 billion, a price-to-earnings ratio of 135.93, a PEG ratio of 5.81 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly 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. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

Insider Activity

In other news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total value of $8,683,146.05. Following the sale, the executive vice president directly owned 363,317 shares in the company, valued at approximately $182,766,616.85. This trade represents a 4.54% 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 90 days, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices News Summary

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 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.