Westpac Banking Corp Sells 12,911 Shares of Advanced Micro Devices, Inc. $AMD

Westpac Banking Corp reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,151 shares of the semiconductor manufacturer’s stock after selling 12,911 shares during the quarter. Westpac Banking Corp’s holdings in Advanced Micro Devices were worth $7,305,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $3,094,662,000. Jennison Associates LLC bought a new position in Advanced Micro Devices in the third quarter valued at approximately $626,826,000. Nordea Investment Management AB boosted its holdings in shares of Advanced Micro Devices by 203.7% in the third quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer’s stock valued at $631,892,000 after buying an additional 2,619,294 shares during the period. Rafferty Asset Management LLC increased its position in shares of Advanced Micro Devices by 56.0% during the second quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock worth $961,078,000 after acquiring an additional 2,430,533 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 1.5% during the second quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock worth $21,944,673,000 after acquiring an additional 2,281,508 shares during the period. Institutional investors own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Major Meta agreement: a definitive multi‑year deal to deploy up to 6 gigawatts of AMD Instinct GPUs (reported as $60B–$100B potential and includes warrants/optioned equity). This is the primary bullish catalyst driving prior rallies and supporting multi‑year revenue visibility. VIEW: AMD secures Meta as next big AI chip customer (Reuters)
• Positive Sentiment: Wall Street reaction: several firms raised targets or reiterated buys after the Meta news (Goldman, Benchmark, Mizuho, Evercore noted). Analysts highlight significant long‑term upside if AMD executes on MI450/Helios rack solutions and hyperscaler deployments. AMD Buy Rating Driven by Underappreciated Meta 6GW AI Accelerator Deal (TipRanks)
• Positive Sentiment: Strategic ecosystem move: AMD agreed to buy $150M of Nutanix stock and deepen partnership—helps commercial reach into enterprise/hybrid AI stacks and signals ecosystem traction beyond hyperscalers. AMD to Buy $150 Million of Nutanix Stock in New Partnership (MSN)
• Neutral Sentiment: Nvidia and broader competitive backdrop: Nvidia is expanding its product roadmap (including CPUs and new AI systems) — intensifying the competitive race for hyperscaler dollars; execution and pricing remain key differentiators. Nvidia’s CEO prepares investors for a renewed battle (Reuters)
• Neutral Sentiment: Selective access in China/partners: AI startup DeepSeek reportedly gave early access to Huawei while not providing early builds to U.S. GPU vendors — a reminder of geopolitics and partner dynamics that can limit certain growth channels. DeepSeek snubs Nvidia, AMD for new AI model launch (TipRanks)
• Negative Sentiment: Deal structure & dilution concerns: several commentators flagged the Meta agreement’s performance‑based warrants and equity option mechanics as potentially dilutive or creating “circular” financial incentives — this risk is tempering some investor enthusiasm. Meta Deal ‘Wildly Concerning’ for AMD (TalkMarkets)
• Negative Sentiment: Near‑term technical/profit‑taking pressure: after the rapid post‑deal rally, traders and technical indicators signaled topping (double‑top/overbought), prompting profit‑taking that explains today’s pullback. AMD Faces Further Downside After Double‑Top Signal (TalkMarkets)

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the sale, the executive vice president directly owned 289,098 shares of the company’s stock, valued at approximately $62,679,337.38. This represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,442 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the completion of the sale, the senior vice president owned 16,359 shares of the company’s stock, valued at $3,834,876.78. This trade represents a 12.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 271,892 shares of company stock worth $58,476,908 over the last quarter. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday. Mizuho upped their price objective on Advanced Micro Devices from $275.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group set a $310.00 price objective on Advanced Micro Devices in a report on Wednesday, February 4th. Evercore reissued an “outperform” rating and issued a $358.00 target price on shares of Advanced Micro Devices in a research report on Tuesday. Finally, Truist Financial set a $283.00 price target on Advanced Micro Devices in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $290.53.

Advanced Micro Devices Stock Down 1.4%

AMD stock opened at $210.86 on Thursday. The company has a market cap of $343.79 billion, a price-to-earnings ratio of 79.57, a P/E/G ratio of 0.81 and a beta of 1.94. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The business has a 50 day moving average price of $219.80 and a two-hundred day moving average price of $207.83. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 34.1% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.