7,558 Advanced Micro Devices, Inc. $AMD Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,936 shares of the semiconductor manufacturer’s stock after selling 7,558 shares during the quarter. Cidel Asset Management Inc.’s holdings in Advanced Micro Devices were worth $16,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. DecisionPoint Financial LLC boosted its stake in shares of Advanced Micro Devices by 79.2% during the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Advanced Micro Devices in the third quarter worth about $29,000. JNBA Financial Advisors raised its stake in Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Downshift Financial LLC raised its stake in Advanced Micro Devices by 850.0% in the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 51 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in Advanced Micro Devices in the third quarter worth about $37,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 10.9%

Shares of Advanced Micro Devices stock opened at $504.80 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company has a 50-day moving average of $548.29 and a 200 day moving average of $409.20. The firm has a market cap of $824.07 billion, a price-to-earnings ratio of 129.77, a PEG ratio of 5.18 and a beta of 2.45. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52.

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

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s data-center revenue reportedly nearly doubled, and its Helios rack-scale systems, EPYC processors and Instinct GPUs are being deployed in Meta’s AI infrastructure. The companies also expanded their relationship through a planned $1 billion equity investment and multigeneration chip collaboration. AMD Expands AI Footprint With Meta
• Positive Sentiment: Rackspace selected AMD-powered infrastructure for HGS’s private AI deployment, adding another enterprise use case for AMD’s data-center products. HGS Selects Rackspace Technology for Private AI Infrastructure
• Positive Sentiment: Rakuten Investment Management disclosed a new approximately $283.7 million AMD position, while many large institutions—including JPMorgan, Invesco, FMR and BlackRock—reported adding shares in recent quarters. Rakuten Opens AMD Position
• Positive Sentiment: Analyst targets remain broadly above the current share price, with a reported six-month median target of $512.50 and several targets ranging from $560 to $700.
• Neutral Sentiment: AMD is scheduled to report third-quarter results on Nov. 3. Investors will focus on data-center growth, AI accelerator demand, supply constraints and management’s outlook for 2027.
• Neutral Sentiment: Recent commentary highlights a sharply divided outlook: AMD’s AI growth is accelerating, but its valuation leaves little room for an earnings or guidance disappointment. AMD Earnings Preview
• Negative Sentiment: Intel’s disappointing fourth-quarter forecast, weak PC-market conditions and margin concerns triggered a broad semiconductor selloff. Investors are questioning whether AMD faces similar demand or supply pressures. AMD Shares Slide After Intel Earnings
• Negative Sentiment: Several reports argue AMD is priced more aggressively than NVIDIA despite slower expected growth, making the stock vulnerable to profit-taking before earnings. AMD Reports on Nov. 3
• Negative Sentiment: Insiders have reported 147 open-market sales and no purchases over the past six months, including substantial sales by CEO Lisa Su and other executives. Cathie Wood’s ARK Invest has also continued trimming AMD, adding to near-term sentiment pressure.

Insider Activity

In other news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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. This represents 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. In the last ninety days, insiders sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMD shares. Piper Sandler began coverage on Advanced Micro Devices in a research report on Tuesday, September 15th. They set an “overweight” rating and a $600.00 price objective on the stock. Susquehanna upped their target price on Advanced Micro Devices from $620.00 to $650.00 and gave the stock a “positive” rating in a report on Wednesday. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. BMO Capital Markets started coverage on Advanced Micro Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Finally, 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 note on Wednesday, August 5th. Three 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 issued a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $607.57.

Advanced Micro Devices 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.