Advanced Micro Devices, Inc. $AMD Stock Position Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% in the third quarter, Holdings Channel reports. The fund owned 272,294 shares of the semiconductor manufacturer’s stock after buying an additional 6,793 shares during the quarter. Advanced Micro Devices makes up about 1.1% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 16th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Advanced Micro Devices were worth $166,579,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. JDH Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 26.8% during the third quarter. JDH Wealth Management LLC now owns 473 shares of the semiconductor manufacturer’s stock valued at $289,000 after acquiring an additional 100 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of Advanced Micro Devices by 2.3% during the third quarter. CWA Asset Management Group LLC now owns 13,860 shares of the semiconductor manufacturer’s stock worth $8,479,000 after acquiring an additional 307 shares during the last quarter. CFS Investment Advisory Services LLC increased its position in shares of Advanced Micro Devices by 52.7% during the third quarter. CFS Investment Advisory Services LLC now owns 2,003 shares of the semiconductor manufacturer’s stock worth $1,301,000 after acquiring an additional 691 shares during the last quarter. Smithbridge Asset Management Inc. DE lifted its stake in shares of Advanced Micro Devices by 9.5% in the third quarter. Smithbridge Asset Management Inc. DE now owns 12,628 shares of the semiconductor manufacturer’s stock worth $7,725,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Retirement Planning Group LLC lifted its stake in shares of Advanced Micro Devices by 4.6% in the third quarter. Retirement Planning Group LLC now owns 3,639 shares of the semiconductor manufacturer’s stock worth $2,226,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AMD. Weiss Ratings raised Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Melius Research set a $660.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. Finally, Bank of America upped their target price on Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.51.

More Advanced Micro Devices News

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

• Negative Sentiment: AI spending concerns weigh on chip stocks: AMD, Nvidia and Intel were lower in premarket trading as fears resurfaced that delayed data-center projects, leverage among AI infrastructure providers and financing challenges could slow the AI investment cycle. Nvidia, AMD and Intel stocks fall again in premarket
• Negative Sentiment: High valuation increases volatility: With AMD trading at a very elevated earnings multiple after a significant 2026 rally, investors may be demanding stronger evidence that revenue and profit growth can catch up with expectations. Analysts have also raised concerns about margin pressure and the risks of a broader AI sell-off. AMD downgrade analysis
• Negative Sentiment: Fund-flow pressure: Reports that exchange-traded funds were net sellers of AMD add to near-term selling pressure, although such flows can reflect portfolio rebalancing rather than a change in long-term fundamentals.
• Neutral Sentiment: Executive stock sale: EVP Forrest Norrod sold 17,262 shares for approximately $9.3 million under a pre-arranged Rule 10b5-1 plan. He retained 353,317 shares, limiting the significance of the transaction as an outlook signal.
• Positive Sentiment: Analyst and earnings support: TD Cowen reiterated a Buy rating with a $675 price target, citing potential agentic-AI demand and roughly 70% growth in AMD CPU sales next year. AMD is also expected to report approximately $13 billion in third-quarter revenue, up about 41% year over year, ahead of its anticipated November 3 results. Why AMD Stock Popped on Monday
• Positive Sentiment: Long-term growth case remains intact: Coverage continues to point to AMD’s exposure to data centers, AI accelerators, PCs, gaming and high-performance computing. Some investors view the semiconductor pullback as a temporary reset while hyperscaler infrastructure spending continues. Stocks with sticky demand during the AI sell-off

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $538.05 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The firm’s 50-day simple moving average is $538.39 and its 200-day simple moving average is $476.52. The firm has a market cap of $878.35 billion, a PE ratio of 138.32, a price-to-earnings-growth ratio of 5.43 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,262 shares of the business’s 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 directly owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This 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. Insiders have sold a total of 231,100 shares of company stock worth $114,867,400 over the last quarter. 0.50% of the stock is owned by corporate insiders.

About Advanced Micro Devices

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.