Cornercap Investment Counsel Inc. Sells 3,478 Shares of Advanced Micro Devices, Inc. $AMD

Cornercap Investment Counsel Inc. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,767 shares of the semiconductor manufacturer’s stock after selling 3,478 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Advanced Micro Devices were worth $1,418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Advanced Micro Devices during the 2nd quarter worth about $3,094,662,000. Kingstone Capital Partners Texas LLC acquired a new position in Advanced Micro Devices in the second quarter worth about $958,422,000. Parnassus Investments LLC lifted its stake in Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after purchasing an additional 4,133,785 shares during the period. Rafferty Asset Management LLC boosted its holdings in Advanced Micro Devices by 56.0% during the second quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock valued at $961,078,000 after purchasing an additional 2,430,533 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock valued at $21,944,673,000 after purchasing an additional 2,281,508 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the transaction, the executive vice president owned 300,348 shares in the company, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 181,226 shares of company stock valued at $39,877,820 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Reports that Alibaba could order AMD MI308 GPUs — a potential large China customer would materially boost near-term AI GPU revenue and drive sentiment higher. Article Title
• Positive Sentiment: Alibaba’s DingTalk and other units reportedly plan to buy AMD accelerators — another signal of Chinese enterprise demand for AMD AI chips. Article Title
• Positive Sentiment: News coverage shows AMD shares climbed on reports of a massive Alibaba AI-chip order and analyst upgrades (including BofA maintaining Buy and framing 2026 as a key AI infra inflection). Those analyst comments add credibility to demand expectations. Article Title BofA Maintains Buy
• Positive Sentiment: AMD and Google reportedly in talks with Samsung to build next‑gen chips in a Texas fab — supply diversification and capacity expansion could de‑risk production for AI GPUs. Article Title
• Neutral Sentiment: A MarketBeat piece highlights AMD’s upcoming MI450 rack‑scale GPUs as a multi‑quarter revenue catalyst — important long‑term but timing remains mid‑to‑late 2026. MarketBeat AMD Overview
• Neutral Sentiment: U.S. delay of China chip tariffs to June 2027 could ease trade friction for U.S. chipmakers broadly, a macro tailwind but not an immediate demand trigger. Article Title
• Neutral Sentiment: Short-interest data showing “0” shares appears to be a reporting anomaly — not meaningful to positioning. (Data entry posted 12/24/2025.)
• Negative Sentiment: China IPOs of GPU-focused firms (e.g., MetaX) have sparked sector rotation and short‑term selling pressure in U.S. AI names; investor risk‑off or reallocation could weigh on AMD until Alibaba/other orders are confirmed. Article Title

Advanced Micro Devices Trading Down 0.0%

AMD opened at $214.80 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The stock has a market capitalization of $349.69 billion, a PE ratio of 106.33, a PEG ratio of 1.59 and a beta of 1.93. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $229.16 and a two-hundred day moving average price of $184.85.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. Advanced Micro Devices’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler restated an “overweight” rating and set a $280.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Erste Group Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. KGI Securities set a $260.00 target price on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, October 13th. Seaport Res Ptn lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Finally, Truist Financial cut their price target on shares of Advanced Micro Devices from $279.00 to $277.00 and set a “buy” rating for the company in a report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.06.

Advanced Micro Devices 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.