62,876 Advanced Micro Devices, Inc. $AMD Shares Sold by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments cut its AMD stake by 15.3%, selling 62,876 shares and retaining 348,709 shares worth approximately $213.3 million. AMD remains the firm’s third-largest holding, representing about 4.9% of its portfolio.
• Institutional investors and hedge funds own approximately 71.34% of AMD, with major firms including BlackRock and Wellington Management increasing their positions while other investors established new stakes.
• AMD shares fell 3.9% to $620.68 amid concerns about high valuation and broader pressure on AI stocks, despite strong recent earnings and a consensus analyst rating of “Moderate Buy.” Insiders also sold $105.5 million of stock over the past three months, primarily through pre-arranged trading plans.

Zevenbergen Capital Investments LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 348,709 shares of the semiconductor manufacturer's stock after selling 62,876 shares during the period. Advanced Micro Devices accounts for about 4.9% of Zevenbergen Capital Investments LLC's holdings, making the stock its 3rd biggest holding. Zevenbergen Capital Investments LLC's holdings in Advanced Micro Devices were worth $213,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $7,022,226,000. Cardano Risk Management B.V. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $1,000,783,000. BlackRock Inc. increased its position in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the period. Jupiter Topco LLC bought a new position in Advanced Micro Devices during the second quarter worth $2,084,651,000. Finally, Wellington Management Group LLP raised its stake in Advanced Micro Devices by 33.9% during 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 buying an additional 2,365,419 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Insiders Place Their Bets

In related news, EVP Forrest Norrod sold 17,261 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the transaction, the executive vice president directly owned 363,317 shares of the company's stock, valued at approximately $182,766,616.85. This represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 213,838 shares of company stock worth $105,533,836 over the last three months. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Down 3.9%

AMD traded down $25.18 during midday trading on Thursday, hitting $620.68. The company had a trading volume of 23,402,461 shares, compared to its average volume of 32,602,393. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 159.56, a PEG ratio of 6.73 and a beta of 2.45. The stock's 50 day moving average price is $526.31 and its 200 day moving average price is $458.39.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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 analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's revenue was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday. Sanford C. Bernstein reissued an "outperform" rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Wolfe Research set a $450.00 target price on Advanced Micro Devices and gave the company an "outperform" rating in a research report on Monday, June 15th. Finally, Melius Research set a $660.00 target price on Advanced Micro Devices in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $585.26.

Advanced Micro Devices Profile

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.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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