Advanced Micro Devices, Inc. $AMD Shares Sold by GK Wealth Management LLC

GK Wealth Management LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,453 shares of the semiconductor manufacturer’s stock after selling 994 shares during the quarter. GK Wealth Management LLC’s holdings in Advanced Micro Devices were worth $889,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in Advanced Micro Devices during the 2nd quarter worth $7,022,226,000. Cardano Risk Management B.V. bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $1,000,783,000. BlackRock Inc. increased its position in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. Jupiter Topco LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth about $2,084,651,000. Finally, Wellington Management Group LLP raised its stake in shares of Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMD. Bank of America boosted 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. Wedbush restated an “outperform” rating and set a $600.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $565.00 to $641.00 in a research report on Tuesday, August 25th. UBS Group reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, DA Davidson lifted their target price on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $585.26.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AI infrastructure demand remains strong. TSMC reported record quarterly revenue, while Samsung also posted exceptionally strong results tied to AI memory demand—supportive read-throughs for AMD’s data-center and accelerator businesses. TSMC quarterly results
• Positive Sentiment: AMD is reportedly exploring a foundry and memory partnership with Samsung, potentially improving access to critical manufacturing and high-bandwidth memory as AI chip supply remains constrained. AMD Samsung partnership
• Positive Sentiment: The partnership with Core Scientific highlights potential demand for AMD-powered AI data centers, while analysts and bullish commentators continue to see upside from CPUs, accelerators and inference chips. Core Scientific and AMD partnership
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3. The report will be an important test of whether accelerating AI demand can justify the stock’s elevated valuation. AMD earnings date
• Negative Sentiment: Valuation concerns are dominating sentiment. AMD was cited as trading near 125 times free cash flow, far above Broadcom’s roughly 46 times, leaving little room for execution missteps or slower growth. AMD versus Broadcom valuation
• Negative Sentiment: A broader market selloff, rising Treasury yields and higher oil prices pressured richly valued technology shares. ARK Invest also sold approximately $14 million of AMD stock, adding a modest negative sentiment signal. ARK Invest AMD sale

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of the 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 sale, the executive vice president directly owned 363,317 shares in the company, valued at approximately $182,766,616.85. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 that occurred on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares in the company, valued at $60,598,213.17. The trade was 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. Insiders have sold 213,838 shares of company stock valued at $105,533,836 in the last quarter. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Down 2.0%

Shares of NASDAQ AMD opened at $608.10 on Friday. The stock has a 50-day moving average price of $528.95 and a two-hundred day moving average price of $459.44. The company has a market cap of $992.71 billion, a price-to-earnings ratio of 156.32, a PEG ratio of 6.39 and a beta of 2.45. Advanced Micro Devices, Inc. has a 12 month low of $188.22 and a 12 month high of $658.52. 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 posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was up 50.1% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.48 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.