Advanced Micro Devices, Inc. $AMD Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 746 shares of the semiconductor manufacturer’s stock after selling 1,683 shares during the period. Advanced Micro Devices comprises approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 24th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Advanced Micro Devices were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MinichMacGregor Wealth Management LLC grew its holdings in Advanced Micro Devices by 9.6% during the third quarter. MinichMacGregor Wealth Management LLC now owns 3,161 shares of the semiconductor manufacturer’s stock worth $1,934,000 after buying an additional 276 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in Advanced Micro Devices by 211.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 68,129 shares of the semiconductor manufacturer’s stock valued at $42,095,000 after buying an additional 46,259 shares during the last quarter. Fearless Solutions LLC dba Best Invest lifted its stake in Advanced Micro Devices by 1.5% during the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after acquiring an additional 17 shares in the last quarter. Focus Financial Network Inc. lifted its stake in Advanced Micro Devices by 4.3% during the 3rd quarter. Focus Financial Network Inc. now owns 6,747 shares of the semiconductor manufacturer’s stock valued at $4,127,000 after acquiring an additional 277 shares in the last quarter. Finally, Citrine Capital LLC lifted its stake in Advanced Micro Devices by 11.6% during the 3rd quarter. Citrine Capital LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $341,000 after acquiring an additional 58 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Norrod sold 17,261 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value 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 $182,766,616.85. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the executive vice president owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by corporate insiders.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD is narrowing Nvidia’s lead in AI inference through software improvements, according to SemiAnalysis, potentially improving the competitiveness of its existing accelerators without requiring major chip changes. AMD Challenges Nvidia’s AI Inference Lead
• Positive Sentiment: The company introduced its Helios open-rack platform for agentic AI, offering CPU-only and combined CPU/GPU configurations and targeting more cost-efficient AI infrastructure. The initiative could support AMD’s data-center expansion and inference ambitions. AMD Helios Blueprint
• Positive Sentiment: AMD backed Fermi’s initial 222-megawatt Texas data-center lease, with the potential to support up to 650 megawatts. The arrangement may help address power shortages that could otherwise limit deployment of AMD hardware. Fermi Partnership
• Neutral Sentiment: AMD declined along with major chip stocks, weighing on the Nasdaq-100 and broad-market ETFs. Nvidia, Micron, Intel and other semiconductor shares also fell, indicating that much of the move is sector-wide rather than driven by a new AMD-specific earnings issue. QQQ and AMD Market Data
• Negative Sentiment: Investors are taking profits after AMD’s substantial year-to-date advance. Reports highlight a premium valuation, supply constraints and questions about whether future AI infrastructure spending can justify current prices.
• Negative Sentiment: Michael Burry’s bearish positioning against the Nasdaq and chip stocks reinforced concerns that AI-related shares may peak as customers struggle to convert expensive infrastructure investments into profits. Michael Burry Chip Stock Warning
• Negative Sentiment: AMD insider-trading data shows numerous open-market sales and no reported purchases over the past six months. While insider sales can be planned or compensation-related, the pattern adds to the market’s caution around the stock’s elevated valuation.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $33.72 on Wednesday, reaching $571.81. The stock had a trading volume of 12,031,345 shares, compared to its average volume of 32,238,199. The business’s 50 day moving average is $532.88 and its two-hundred day moving average is $466.70. 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 1 year low of $188.22 and a 1 year high of $658.52. The company has a market cap of $933.46 billion, a P/E ratio of 147.37, a price-to-earnings-growth ratio of 6.15 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 company 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%. Advanced Micro Devices’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMD shares. Sanford C. Bernstein restated an “outperform” rating and set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Truist Financial raised their target price on Advanced Micro Devices from $478.00 to $594.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $603.51.

About Advanced Micro Devices

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.