IMS Investment Management Services Ltd. increased its position in Advanced Micro Devices by 85.4% during Q3, acquiring an additional 9,000 shares to bring its total to 19,542 shares valued at $3.16 million as of the latest SEC filing. This move follows large-scale commitments from other funds—including Norges Bank’s $3.09 billion new stake and Kingstone Capital’s $958 million buy—underscoring growing institutional conviction in AMD’s growth prospects.

In its Q3 report, AMD delivered $9.25 billion in revenue, a 35.6% year-over-year increase, and non-GAAP EPS of $1.20, beating consensus by $0.03. Gross margin expanded to 40%, up from 37% a year ago. Following the beat, Wall Street analysts lifted 2025 EPS forecasts to an average of $3.87, up from $3.40 at the start of Q4, while revenue estimates for fiscal 2025 rose to $43.5 billion—a collective upgrade of 5% in the past month.

Among 42 analysts covering AMD, 3 have Strong Buy ratings, 28 Buy, and 11 Hold, resulting in an overall Moderate Buy consensus. The average 12-month price target stands at $277.06, implying potential upside of 28% from current levels. Notably, Loop Capital and Bank of America recently reaffirmed Buy ratings with targets of $290 and $300 respectively, citing AMD’s AI-accelerator roadmap and server CPU gains.

Company insiders sold 181,226 shares worth $39.9 million over the past quarter, trimming holdings by 0.06%. AMD trades at 106.7 times trailing earnings and 1.59 times PEG, reflecting premium valuation driven by high growth. With a market capitalization of $351 billion and net cash position improving after strategic investments, the risk-adjusted valuation appears supported by consensus forecasts of over 50% EPS growth in 2025 and accelerating data-center adoption of AMD’s MI450 AI GPU series.