Advanced Micro Devices, Inc. $AMD Stake Cut by Bank of New Hampshire

Bank of New Hampshire cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,865 shares of the semiconductor manufacturer’s stock after selling 779 shares during the period. Advanced Micro Devices accounts for approximately 0.9% of Bank of New Hampshire’s investment portfolio, making the stock its 28th biggest holding. Bank of New Hampshire’s holdings in Advanced Micro Devices were worth $4,200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMD. RVW Wealth LLC raised its stake in Advanced Micro Devices by 20.4% in the third quarter. RVW Wealth LLC now owns 543 shares of the semiconductor manufacturer’s stock valued at $332,000 after buying an additional 92 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Advanced Micro Devices by 44.6% in the third quarter. Central Pacific Bank Trust Division now owns 15,328 shares of the semiconductor manufacturer’s stock worth $9,377,000 after acquiring an additional 4,727 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Advanced Micro Devices by 2.9% during the third quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer’s stock worth $1,378,000 after acquiring an additional 64 shares during the last quarter. Box Hill Private Wealth LLC grew its stake in shares of Advanced Micro Devices by 2.5% during the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock worth $486,000 after acquiring an additional 19 shares during the last quarter. Finally, Park National Corp OH grew its stake in shares of Advanced Micro Devices by 1.9% during the third quarter. Park National Corp OH now owns 2,305 shares of the semiconductor manufacturer’s stock worth $1,410,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Roth Capital upped their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Benchmark raised their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $576.88.

Insider Activity

In related news, EVP Mark Papermaster sold 28,811 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 over the last quarter. Insiders own 0.50% 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: Analyst target increases reinforced bullish sentiment. Citi raised its price target to $800 from $575 while maintaining a Buy rating, citing the potential for agentic AI to expand demand for computing infrastructure. Mizuho raised its target to $705 from $580, and BNP Paribas lifted its target to $960 from $600 with an Outperform rating. Citi Raises AMD Price Target
• Positive Sentiment: AI demand expectations remain the primary catalyst. CEO Lisa Su said demand for AI chips should remain “very, very high” for years and that AMD plans to substantially increase supply in 2027 by securing additional wafer and memory capacity from suppliers in Taiwan and South Korea. Investors view the expansion as support for future data-center and AI revenue growth. AMD Plans to Increase 2027 Supply
• Positive Sentiment: Meta’s Muse AI-agent initiative is viewed as favorable for AMD. Analysts argue that continuously operating AI agents require substantial CPU, memory and networking resources, potentially broadening demand beyond Nvidia’s traditional accelerator market and benefiting AMD’s server CPUs and AI products. Meta Muse Boosts AMD
• Positive Sentiment: Upcoming results provide a near-term catalyst. AMD will release fiscal third-quarter 2026 results after the market close on Nov. 3. Recent coverage highlights expectations for roughly $13 billion in revenue and continued strength in data-center sales, increasing attention on whether the company can deliver a “beat and raise.” AMD Third-Quarter Results Announcement

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $17.67 during midday trading on Tuesday, hitting $649.42. The company’s stock had a trading volume of 24,185,116 shares, compared to its average volume of 32,723,711. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. 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 firm has a market cap of $1.06 trillion, a P/E ratio of 166.95, a P/E/G ratio of 6.58 and a beta of 2.45. The firm’s 50 day moving average is $515.38 and its 200-day moving average is $449.17.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

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.