Advanced Micro Devices, Inc. $AMD Shares Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6,968.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,313 shares of the semiconductor manufacturer’s stock after buying an additional 138,328 shares during the period. Advanced Micro Devices comprises 1.0% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Advanced Micro Devices were worth $85,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. grew its position in shares of Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares during the last quarter. State Street Corp lifted its stake in Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after buying an additional 2,149,563 shares in the last quarter. Invesco Ltd. grew its holdings in Advanced Micro Devices by 15.9% during the 4th quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer’s stock valued at $3,313,758,000 after buying an additional 2,124,867 shares during the last quarter. Bank of America Corp DE acquired a new stake in Advanced Micro Devices during the 2nd quarter valued at $7,022,226,000. Finally, Jennison Associates LLC increased its position in Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after buying an additional 545,575 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 0.3%

AMD traded down $2.11 on Monday, reaching $631.80. The company’s stock had a trading volume of 7,476,443 shares, compared to its average volume of 32,733,998. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $645.46. The business’s 50 day moving average is $512.65 and its 200 day moving average is $446.10. 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 stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 162.42, a price-to-earnings-growth ratio of 6.58 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results 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 business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Stifel reiterated its Buy rating and raised its price target from $635 to $700, citing expectations for a third-quarter earnings beat and higher guidance. EPYC server processors are expected to drive results, while the MI450 AI platform and profit margins will be key to the fourth-quarter outlook. AMD Q3 Preview and Stifel Analyst Outlook
• Positive Sentiment: Analysts continue to view AMD as a major beneficiary of expanding AI infrastructure and inference demand. Its established CPU business in servers and PCs provides revenue and cash flow while the company builds its AI accelerator franchise. AMD CPU Business and AI Ambitions
• Positive Sentiment: Rosenblatt maintained a Buy rating and a $700 target after AMD announced its planned acquisition of World Labs, an AI model and research company. The deal could strengthen AMD’s AI capabilities and software ecosystem, although investors are weighing the cost. AMD World Labs Acquisition and Valuation
• Neutral Sentiment: AMD has reached a roughly $1 trillion market capitalization following a substantial annual rally. The milestone reinforces investor confidence in its AI opportunity but leaves less room for execution disappointments. AMD Reaches a One Trillion Dollar Market Cap
• Negative Sentiment: AMD has reportedly promised OpenAI and Meta up to 320 million shares for a nominal price under customer-related arrangements. While the commitments could deepen strategic partnerships and future demand, the potential increase in shares outstanding creates meaningful dilution for existing investors. AMD OpenAI and Meta Share Commitments
• Negative Sentiment: Commentary highlights that AMD’s valuation now assumes exceptional AI growth, while Nvidia remains larger, faster-growing and potentially more attractively valued. That valuation gap is encouraging some investors to lock in gains despite bullish long-term forecasts. AMD Versus Nvidia Valuation

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the sale, the senior vice president directly owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the completion of the transaction, the executive vice president 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. 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 ninety days, insiders sold 213,838 shares of company stock worth $105,533,836. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMD. JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Mizuho raised their target price on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $569.25.

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.