Legacy Wealth Asset Management LLC Cuts Position in Advanced Micro Devices, Inc. $AMD

09 Oct 2026, 11:53 by Kim Johansen · The Markets Daily

Legacy Wealth Asset Management LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 7.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,098 shares of the semiconductor manufacturer’s stock after selling 806 shares during the period. Advanced Micro Devices comprises about 1.4% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 12th largest holding. Legacy Wealth Asset Management LLC’s holdings in Advanced Micro Devices were worth $6,416,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE bought a new position in Advanced Micro Devices in the second quarter worth $7,022,226,000. Cardano Risk Management B.V. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $1,000,783,000. BlackRock Inc. lifted its position in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares during the period. Jupiter Topco LLC bought a new stake in Advanced Micro Devices during the second quarter worth about $2,084,651,000. Finally, Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

Positive Sentiment: CEO Lisa Su reportedly met with Samsung Electronics and SK Hynix executives to explore foundry, memory and supply-chain partnerships. Additional access to advanced manufacturing and high-bandwidth memory could help AMD meet demand for its AI accelerators. How to Play AMD Stock as It Continues to Explore a Foundry Partnership With a Korean Tech Giant
Positive Sentiment: TSMC reported third-quarter revenue of approximately $46.7 billion, up 50% year over year, reinforcing that demand for AI processors from customers including AMD remains robust. Broader data-center expansion forecasts and AMD-powered server launches also support the company’s long-term growth opportunity. Nvidia, AMD, Intel stocks despite record AI demand
Positive Sentiment: Citi raised its AMD price target by 39%, while other analysts have highlighted opportunities in AI accelerators, CPUs, inference chips and rack-scale systems. These bullish views suggest potential upside if AMD converts large AI commitments into repeat deployments and stronger cash flow. Citi’s Price Target Boost Lifts AMD Shares
Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3, giving investors a near-term catalyst. The market will focus on AI data-center revenue, supply availability, margins and forward guidance.
Negative Sentiment: AMD’s elevated valuation—reported at roughly 160 times earnings—has made the stock vulnerable to rising Treasury yields and oil prices. Intel, Nvidia and other semiconductor shares also fell, indicating a broad sector selloff rather than an AMD-specific announcement. Why are Intel and AMD stocks plunging?
Negative Sentiment: ARK Invest sold approximately $14 million of AMD shares, adding to concerns about profit-taking after the stock’s substantial rally. Reports also note consistent recent insider selling, although such transactions may reflect planned diversification rather than a change in business outlook. Cathie Wood sold $18.7M of SpaceX and AMD

Insider Activity

In related news, CEO Lisa Su sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares in the company, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMD. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Argus raised their price target on Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Bank of America lifted their price target on Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Wall Street Zen upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Finally, Mizuho increased their price objective on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the company an “outperform” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $585.26.

Read Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Down 3.9%

Advanced Micro Devices stock opened at $620.68 on Friday. The stock has a fifty day moving average of $526.31 and a 200 day moving average of $458.39. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock has a market cap of $1.01 trillion, a PE ratio of 159.56, a price-to-earnings-growth ratio of 6.69 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.