Advanced Micro Devices, Inc. $AMD Stock Position Cut by Profund Advisors LLC

Profund Advisors LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.3% during the 3rd quarter, Holdings Channel reports. The firm owned 204,159 shares of the semiconductor manufacturer’s stock after selling 20,965 shares during the period. Advanced Micro Devices comprises 3.6% of Profund Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Profund Advisors LLC’s holdings in Advanced Micro Devices were worth $124,896,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMD. ProShare Advisors LLC grew its holdings in Advanced Micro Devices by 6.0% in the third quarter. ProShare Advisors LLC now owns 2,063,566 shares of the semiconductor manufacturer’s stock valued at $1,262,407,000 after purchasing an additional 116,139 shares during the period. Vise Technologies Inc. acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth $47,021,000. Investment Partners LTD. acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at $258,000. Summit Global Investments increased its stake in Advanced Micro Devices by 75.5% during the third quarter. Summit Global Investments now owns 10,404 shares of the semiconductor manufacturer’s stock worth $6,364,000 after acquiring an additional 4,477 shares during the last quarter. Finally, Americana Partners LLC lifted its stake in shares of Advanced Micro Devices by 8.0% in the third quarter. Americana Partners LLC now owns 9,826 shares of the semiconductor manufacturer’s stock worth $6,011,000 after acquiring an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $504.80 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. The firm has a market capitalization of $824.07 billion, a P/E ratio of 129.77, a P/E/G ratio of 5.18 and a beta of 2.45. The business has a fifty day simple moving average of $548.29 and a two-hundred day simple moving average of $409.20. 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 (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion for 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 company’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 231,100 shares of company stock valued at $114,867,400 over the last quarter. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s data-center revenue reportedly nearly doubled, and its Helios rack-scale systems, EPYC processors and Instinct GPUs are being deployed in Meta’s AI infrastructure. The companies also expanded their relationship through a planned $1 billion equity investment and multigeneration chip collaboration. AMD Expands AI Footprint With Meta
• Positive Sentiment: Rackspace selected AMD-powered infrastructure for HGS’s private AI deployment, adding another enterprise use case for AMD’s data-center products. HGS Selects Rackspace Technology for Private AI Infrastructure
• Positive Sentiment: Rakuten Investment Management disclosed a new approximately $283.7 million AMD position, while many large institutions—including JPMorgan, Invesco, FMR and BlackRock—reported adding shares in recent quarters. Rakuten Opens AMD Position
• Positive Sentiment: Analyst targets remain broadly above the current share price, with a reported six-month median target of $512.50 and several targets ranging from $560 to $700.
• Neutral Sentiment: AMD is scheduled to report third-quarter results on Nov. 3. Investors will focus on data-center growth, AI accelerator demand, supply constraints and management’s outlook for 2027.
• Neutral Sentiment: Recent commentary highlights a sharply divided outlook: AMD’s AI growth is accelerating, but its valuation leaves little room for an earnings or guidance disappointment. AMD Earnings Preview
• Negative Sentiment: Intel’s disappointing fourth-quarter forecast, weak PC-market conditions and margin concerns triggered a broad semiconductor selloff. Investors are questioning whether AMD faces similar demand or supply pressures. AMD Shares Slide After Intel Earnings
• Negative Sentiment: Several reports argue AMD is priced more aggressively than NVIDIA despite slower expected growth, making the stock vulnerable to profit-taking before earnings. AMD Reports on Nov. 3
• Negative Sentiment: Insiders have reported 147 open-market sales and no purchases over the past six months, including substantial sales by CEO Lisa Su and other executives. Cathie Wood’s ARK Invest has also continued trimming AMD, adding to near-term sentiment pressure.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler initiated coverage on Advanced Micro Devices in a report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, October 20th. UBS Group reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Zacks Research downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, September 29th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $607.57.

Advanced Micro Devices Company 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.