Advanced Micro Devices, Inc. $AMD Stock Position Increased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 64.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,080 shares of the semiconductor manufacturer’s stock after buying an additional 91,010 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Advanced Micro Devices were worth $145,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthBridge Capital Management LLC grew its stake in Advanced Micro Devices by 48.4% in the 3rd quarter. WealthBridge Capital Management LLC now owns 601 shares of the semiconductor manufacturer’s stock valued at $368,000 after acquiring an additional 196 shares during the period. Peddock Capital Advisors LLC increased its holdings in Advanced Micro Devices by 3.6% in the 3rd quarter. Peddock Capital Advisors LLC now owns 1,170 shares of the semiconductor manufacturer’s stock worth $716,000 after acquiring an additional 41 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 37.1% in the 3rd quarter. Opal Wealth Advisors LLC now owns 791 shares of the semiconductor manufacturer’s stock worth $484,000 after acquiring an additional 214 shares in the last quarter. KFG Wealth Management LLC raised its position in Advanced Micro Devices by 13.0% during the third quarter. KFG Wealth Management LLC now owns 477 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 55 shares during the period. Finally, Rise Advisors LLC raised its position in Advanced Micro Devices by 7.1% during the third quarter. Rise Advisors LLC now owns 1,188 shares of the semiconductor manufacturer’s stock worth $727,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a report on Monday, October 5th. BMO Capital Markets initiated coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price on the stock. The Goldman Sachs Group boosted their target price 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. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday, October 5th. Three 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $603.51.

Insider Buying and Selling

In other news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were 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 owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on 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 directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 213,838 shares of company stock worth $105,533,836 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Key Advanced Micro Devices News

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 Stock Performance

Shares of NASDAQ:AMD opened at $528.75 on Friday. 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 business’s 50 day moving average price is $537.02 and its 200-day moving average price is $472.22. The firm has a market capitalization of $863.17 billion, a PE ratio of 135.93, a P/E/G ratio of 5.46 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

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.