997 Advanced Micro Devices, Inc. $AMD Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,981 shares of the semiconductor manufacturer’s stock after selling 997 shares during the period. Advanced Micro Devices makes up approximately 1.6% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 14th biggest position. Traynor Capital Management Inc.’s holdings in Advanced Micro Devices were worth $35,471,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. First Citizens Financial Corp increased its position in shares of Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest raised its stake in shares of Advanced Micro Devices by 1.5% in the third 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 during the period. Private Client Services LLC lifted its holdings in shares of Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock worth $660,000 after acquiring an additional 18 shares during the last quarter. Essential Investment Partners LLC boosted its stake in shares of Advanced Micro Devices by 40.0% during the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock worth $39,000 after purchasing an additional 18 shares during the period. Finally, Box Hill Private Wealth LLC boosted its stake in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer’s stock worth $486,000 after purchasing an additional 19 shares during the period. 71.34% of the stock is owned by institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD is viewed by some analysts as a buy ahead of earnings, with expectations for continued growth in data-center and AI-related products. A strong report or upbeat outlook could help restore confidence after the recent pullback. AMD, ANET, DDOG: 3 Tech Stocks to Buy Ahead of Earnings, According to Analysts
• Positive Sentiment: Institutional positioning provides a bullish signal: Tiger Global reportedly opened a roughly $392 million AMD position in the second quarter. Although ARK Invest reduced its AMD stake by 48%, the chipmaker remained one of ARK’s largest holdings. A $24 Billion Hedge Fund Bought Advanced Micro Devices. Cathie Wood Cut Her Stake 48%. Who’s Right?
• Positive Sentiment: AMD’s shares rebounded alongside Nvidia and Broadcom after Friday’s sector-wide decline, suggesting some investors are treating the sell-off as a buying opportunity ahead of major technology earnings.
• Neutral Sentiment: Tuesday’s results are a major near-term catalyst. Management commentary on AI infrastructure demand, customer spending and memory costs could determine whether the broader AI-chip trade recovers or remains under pressure. AMD, Arista, Supermicro Earnings Previews: Can AI Infrastructure Shake Off Friday’s Rout?
• Negative Sentiment: Intel’s weaker outlook, attributed partly to declining PC shipments, has raised concerns that AMD could also face softness in its PC business. Investors are also questioning AMD’s roughly 130 price-to-earnings ratio and whether AI-related growth already reflects overly optimistic expectations. Intel Has a Massive Warning for AMD Stock Investors

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. CLSA restated an “outperform” rating and set a $710.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. KeyCorp set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their price target on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $607.57.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $504.80 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The firm has a market cap of $824.07 billion, a PE ratio of 129.77, a P/E/G ratio of 5.18 and a beta of 2.45. The business has a 50-day moving average price of $548.29 and a 200 day moving average price of $409.20. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business’s revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on 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 $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 business’s 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 sale, the executive vice president owned 117,687 shares of the company’s stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by corporate insiders.

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.