Titleist Asset Management LLC Reduces Position in Advanced Micro Devices, Inc. $AMD

Titleist Asset Management LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 21,100 shares of the semiconductor manufacturer’s stock after selling 986 shares during the period. Titleist Asset Management LLC’s holdings in Advanced Micro Devices were worth $12,908,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AMD. Apella Capital LLC lifted its position in shares of Advanced Micro Devices by 15.6% during the third quarter. Apella Capital LLC now owns 9,851 shares of the semiconductor manufacturer’s stock valued at $6,362,000 after purchasing an additional 1,327 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in shares of Advanced Micro Devices by 8.9% in the third quarter. Everhart Financial Group Inc. now owns 19,821 shares of the semiconductor manufacturer’s stock valued at $12,451,000 after acquiring an additional 1,612 shares in the last quarter. Gradient Investments LLC increased its position in shares of Advanced Micro Devices by 8.3% during the third quarter. Gradient Investments LLC now owns 3,031 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after acquiring an additional 231 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Advanced Micro Devices by 5.7% during the third quarter. Avidian Wealth Enterprises LLC now owns 13,676 shares of the semiconductor manufacturer’s stock worth $8,366,000 after acquiring an additional 737 shares during the period. Finally, Veracity Capital LLC boosted its position in Advanced Micro Devices by 13.4% in the third quarter. Veracity Capital LLC now owns 5,012 shares of the semiconductor manufacturer’s stock worth $3,066,000 after purchasing an additional 592 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 4.5%

AMD stock traded down $29.29 during midday trading on Thursday, hitting $616.57. The company had a trading volume of 13,510,965 shares, compared to its average volume of 32,542,254. 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, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of 158.27, a PEG ratio of 6.73 and a beta of 2.45. The stock’s 50 day moving average price is $523.60 and its 200 day moving average price is $455.44.

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, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during 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 firm’s revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AI demand and supply-chain expansion remain key catalysts. TSMC reported third-quarter revenue of NT$1.49 trillion, up 50% year over year, signaling continued demand for AI processors from customers including AMD. CEO Lisa Su is also reportedly seeking deeper cooperation with Samsung in memory and foundry services to address supply constraints and support a planned capacity ramp. TSMC gives AI trade upbeat signal AMD explores Samsung partnership
• Positive Sentiment: Analysts see additional upside. BNP Paribas argued that Wall Street may be underestimating AMD’s opportunity across CPUs, AI accelerators and specialized inference chips, while Citi recently raised its price target by 39%, citing AI-agent demand and Meta’s Muse initiative. These targets reinforce the long-term growth narrative, although they require strong execution. AMD’s AI opportunity Citi raises AMD price target
• Neutral Sentiment: Third-quarter earnings are scheduled for November 3. AMD will report fiscal third-quarter results after the market close and hold its conference call at 5 p.m. ET. Investors will focus on data-center growth, AI accelerator deployments, supply availability and guidance for the next quarter. AMD schedules third-quarter earnings
• Negative Sentiment: Valuation has become a central concern. AMD’s market capitalization is around $1 trillion, with a trailing P/E near 158, leaving little room for execution missteps. Commentators noted that major AI products such as Helios still need to reach meaningful scale, convert customer commitments into recurring deployments and generate stronger cash flow to justify the stock’s premium. AMD valuation concerns
• Negative Sentiment: Broader semiconductor weakness amplified the pressure. AMD and other chip stocks moved lower despite TSMC’s strong results, reflecting profit-taking, rising-rate concerns and investor skepticism about whether the easy gains from the AI trade have already occurred. Reports also highlighted potential dilution from warrants granted to Meta and OpenAI if performance conditions are met.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMD. Argus raised their target price on Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Bank of America lifted their price objective on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Citigroup lifted their target price on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $585.26.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,261 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 363,317 shares of the company’s stock, valued at approximately $182,766,616.85. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 213,838 shares of company stock valued at $105,533,836. Company insiders own 0.50% of the company’s stock.

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.