Advanced Micro Devices, Inc. $AMD Holdings Decreased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 45.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,884 shares of the semiconductor manufacturer’s stock after selling 3,259 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Advanced Micro Devices were worth $2,376,000 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 AMD. Southpoint Capital Advisors LP grew its holdings in shares of Advanced Micro Devices by 50.0% during the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after purchasing an additional 300,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after purchasing an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in Advanced Micro Devices by 6,968.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock valued at $85,995,000 after purchasing an additional 138,328 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock valued at $52,582,000 after purchasing an additional 82,934 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. lifted its position in Advanced Micro Devices by 1,288.6% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer’s stock valued at $127,899,000 after purchasing an additional 204,315 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

More Advanced Micro Devices News

These are some of the AMD news items that stood out recently:

• Positive Sentiment: CoreWeave’s better-than-expected results and improved outlook revived confidence in AI infrastructure spending, lifting chip stocks. Why Advanced Micro Devices Stock Popped Today
• Positive Sentiment: Anthropic’s claim that its Mythos model got Claude running on AMD chips in roughly three days raised the possibility that AI software could become less dependent on Nvidia’s CUDA platform—potentially broadening AMD’s appeal, though adoption remains to be proven. Anthropic’s Mythos claim and Nvidia’s CUDA moat
• Negative Sentiment: Investors still face concerns about AMD’s premium valuation, decelerating data-center growth, weaker free cash flow and rising inventory. These factors could limit the rally if expected AI demand does not translate into sustained earnings and cash generation. Lisa Su Just Delivered Fantastic News for AMD Investors

Insider Buying and Selling at Advanced Micro Devices

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 in the company, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the transaction, the executive vice president directly owned 353,317 shares in the company, valued at $191,038,501.90. This trade represents a 4.66% 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. Insiders have sold a total of 230,957 shares of company stock worth $114,799,511 over the last three months. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on AMD. HSBC reissued a “hold” rating and issued a $540.00 price target on shares of Advanced Micro Devices in a research note on Thursday, November 5th. Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Roth Capital lifted their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, July 24th. KeyCorp reaffirmed an “overweight” rating and set a $725.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Finally, UBS Group cut their target price on shares of Advanced Micro Devices from $730.00 to $700.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $642.47.

Advanced Micro Devices Price Performance

AMD stock opened at $552.90 on Thursday. The firm’s 50-day moving average price is $550.43 and its two-hundred day moving average price is $419.05. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The stock has a market capitalization of $906.81 billion, a price-to-earnings ratio of 120.20, a PEG ratio of 4.96 and a beta of 2.49. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. Advanced Micro Devices’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

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.