Carnegie Investment Counsel Decreases Stake in Advanced Micro Devices, Inc. $AMD

Carnegie Investment Counsel trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,886 shares of the semiconductor manufacturer’s stock after selling 5,416 shares during the period. Carnegie Investment Counsel’s holdings in Advanced Micro Devices were worth $6,453,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Advanced Micro Devices by 114.7% during the first quarter. Gamco Investors INC. ET AL now owns 4,077 shares of the semiconductor manufacturer’s stock worth $419,000 after purchasing an additional 2,178 shares during the last quarter. WPG Advisers LLC purchased a new position in Advanced Micro Devices in the first quarter valued at approximately $66,000. Finally, Canada Pension Plan Investment Board increased its stake in Advanced Micro Devices by 55.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,674,081 shares of the semiconductor manufacturer’s stock valued at $171,995,000 after purchasing an additional 598,481 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 181,226 shares of company stock worth $39,877,820 in the last three months. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on AMD. Robert W. Baird set a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. TD Cowen lifted their target price on Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, December 22nd. Finally, DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $277.06.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: U.S. export-control changes are expected to allow AMD to resume sales of advanced AI chips into China, a move some analysts and columnists say could materially boost 2026 revenue and support a large upside scenario. Prediction: AMD Stock Will Jump 60% in 2026, Thanks to President Donald Trump
• Positive Sentiment: Several analysts remain constructive, noting that renewed China demand (and NVIDIA resuming shipments) is a near-term catalyst for both AMD and peers; Raymond James reiterated an Outperform view highlighting upside from China. Analysts Maintain Positive Outlook on AMD With China Demand as a Catalyst
• Positive Sentiment: MarketBeat includes AMD among stocks likely to start 2026 strong, citing the upcoming MI450 AI GPU/rack-scale product as a structural revenue driver that could meaningfully expand AMD’s competitive stance vs. NVIDIA. 5 Stocks Set to Start Strong in January and Lead Through 2026
• Neutral Sentiment: Coverage pieces discuss broker sentiment and whether analyst recommendations matter for long-term returns; useful context but mixed impact on immediate price moves. Advanced Micro (AMD) Is Considered a Good Investment by Brokers: Is That True?
• Neutral Sentiment: Samsung unveiled an in‑house GPU for Exynos, a longer-term competitor in mobile GPUs; mention of AMD demand remains positive for now but the move adds a future competitive data point. Samsung To Unveil First In-House GPU For Exynos 2600
• Negative Sentiment: Wall Street Zen lowered AMD to a “Hold” in a recent note, which can pressure sentiment and reduce near-term upside from the analyst community. Advanced Micro Devices Downgraded to “Hold” Rating by Wall Street Zen
• Negative Sentiment: NVIDIA’s $20B deal to license Groq technology and hire its engineering team materially strengthens NVIDIA’s low‑latency inference lead — a strategic move that widens the competitive moat and raises the bar for AMD in key AI inference workloads. NVIDIA’s $20B Groq Deal Is a Warning Shot to AI Rivals
• Negative Sentiment: Fresh market entrants and hot IPOs (e.g., MetaX coverage) have spooked some AI investor sentiment and could reallocate attention/capital away from incumbents, adding short-term volatility to AMD shares. Is MetaX a NVIDIA Threat—or Just Another DeepSeek Market Scare?

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $214.99 on Friday. The stock has a fifty day moving average price of $228.40 and a 200 day moving average price of $186.14. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The company has a market cap of $350.01 billion, a PE ratio of 106.43, a P/E/G ratio of 1.59 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the previous year, the company posted $0.92 EPS. Advanced Micro Devices’s revenue was up 35.6% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.