Advanced Micro Devices, Inc. $AMD Stock Holdings Lessened by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 37,909 shares of the semiconductor manufacturer’s stock after selling 2,352 shares during the quarter. Advanced Micro Devices comprises 2.6% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Canvas Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $21,472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Asset One Wealth Management LLC lifted its holdings in Advanced Micro Devices by 7.8% during the 3rd quarter. Asset One Wealth Management LLC now owns 24,861 shares of the semiconductor manufacturer’s stock worth $15,209,000 after purchasing an additional 1,789 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Advanced Micro Devices by 4.1% in the 3rd quarter. International Assets Investment Management LLC now owns 32,779 shares of the semiconductor manufacturer’s stock valued at $20,183,000 after purchasing an additional 1,282 shares during the period. Heritage Family Offices LLP grew its holdings in Advanced Micro Devices by 26.4% in the 3rd quarter. Heritage Family Offices LLP now owns 2,507 shares of the semiconductor manufacturer’s stock valued at $1,534,000 after buying an additional 523 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its position in Advanced Micro Devices by 450.4% during the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 2,488 shares of the semiconductor manufacturer’s stock worth $1,522,000 after buying an additional 2,036 shares during the period. Finally, Calamos Wealth Management LLC increased its position in Advanced Micro Devices by 21.4% during the 3rd quarter. Calamos Wealth Management LLC now owns 44,644 shares of the semiconductor manufacturer’s stock worth $27,311,000 after buying an additional 7,880 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Union Gaming Research reissued a “positive” rating on shares of Advanced Micro Devices in a research report on Wednesday. Bank of America lowered their price target on shares of Advanced Micro Devices from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the stock a “neutral” rating in a research note on Wednesday. CLSA reissued an “outperform” rating and issued a $710.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $649.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $643.69.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 28,811 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares of the company’s stock, valued at approximately $191,038,501.90. The trade was a 4.66% 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 sold 231,100 shares of company stock valued at $114,867,400 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $44.64 during trading on Friday, hitting $449.04. 45,659,370 shares of the company’s stock were exchanged, compared to its average volume of 21,429,916. The stock’s 50 day moving average price is $546.81 and its two-hundred day moving average price is $414.98. The company has a market cap of $733.04 billion, a PE ratio of 97.62, a P/E/G ratio of 4.79 and a beta of 2.49. 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 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 announced its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the prior year, the company earned $1.20 EPS. Advanced Micro Devices’s revenue was up 44.7% compared to the same quarter last year. Research analysts expect that Advanced Micro Devices, Inc. will post 6.57 EPS for the current year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
• Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
• Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
• Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
• Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.