2,762 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Austin Asset Management Co Inc

Key Points

• Austin Asset Management opened a new position in Advanced Micro Devices, buying 2,762 shares valued at about $562,000 in the first quarter.
• AMD remains heavily owned by institutions, with hedge funds and other investors holding about 71.34% of the stock. Several major firms, including Vanguard, State Street, and Geode, also increased their stakes recently.
• The company reported strong quarterly results, beating analyst expectations with $1.37 EPS and $10.25 billion in revenue, while analysts continue to be broadly bullish with a consensus Moderate Buy rating and average price target of $453.92.

Austin Asset Management Co Inc acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,762 shares of the semiconductor manufacturer's stock, valued at approximately $562,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after purchasing an additional 2,525,109 shares during the period. State Street Corp grew its stake in Advanced Micro Devices by 1.5% in the fourth quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock worth $16,044,712,000 after purchasing an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC increased its holdings in Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock worth $8,015,897,000 after purchasing an additional 287,525 shares during the period. Norges Bank purchased a new position in Advanced Micro Devices during the 4th quarter worth $4,929,312,000. Finally, Price T Rowe Associates Inc. MD raised its position in Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer's stock valued at $4,352,864,000 after purchasing an additional 55,969 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 0.3%

Shares of NASDAQ:AMD opened at $517.41 on Thursday. The business's 50-day moving average is $482.72 and its 200 day moving average is $314.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a 1 year low of $137.59 and a 1 year high of $584.73. The firm has a market capitalization of $843.69 billion, a P/E ratio of 169.64, a P/E/G ratio of 1.52 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter last year, the company earned $0.96 earnings per share. The company's quarterly revenue was up 37.8% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current fiscal year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD announced it will report fiscal second-quarter 2026 results on Aug. 4 after the market close, giving investors a near-term catalyst to watch for revenue, margin, and AI/data center updates. AMD to Report Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: AMD continues to build its AI and autonomous-driving story, including backing self-driving startup Turing and supplying GPUs, which supports the company’s growth narrative beyond PCs. Self-driving startup Turing gets AMD backing and GPUs
• Positive Sentiment: Analyst and investor sentiment remains constructive, with reports highlighting bullish cases for AMD and noting recent collaboration wins such as Micro Center’s launch of Ryzen AI Halo systems. Advanced Micro Devices (AMD): Top 10 Best Stock to Buy in Glen Kacher’s Portfolio
• Neutral Sentiment: AMD is still near the center of the AI infrastructure trade, with articles emphasizing its role alongside Nvidia in the HBM and accelerator buildout, but this is more a long-term industry backdrop than a new company-specific catalyst. Micron Stock: A Different Cycle, For Better Or For Worse
• Negative Sentiment: AMD shares were hit as the broader semiconductor group sold off on renewed worries about stretched AI valuations and profit-taking after a strong run. AMD Stock Dips as Rival Nvidia (NVDA) Gains Another Customer for Its Vera AI CPUs
• Negative Sentiment: Michael Burry’s renewed bearish stance on AI chipmakers has added to caution around AMD and other semiconductor names, reinforcing fears that the sector may be overheating. Big Short fame Michael Burry is betting against Nvidia, AMD, Micron and other chipmakers. Is a massive AI crash coming?

Insider Buying and Selling

In related news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 374,739 shares of company stock worth $161,135,671 over the last ninety days. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMD. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Northland Securities restated a "market perform" rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. Sanford C. Bernstein set a $600.00 price objective on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Wednesday, June 17th. Cantor Fitzgerald increased their target price on shares of Advanced Micro Devices from $500.00 to $700.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Finally, Roth Capital reissued a "buy" rating and set a $500.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $453.92.

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.

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