ABN AMRO Bank N.V. Has $9.23 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• ABN AMRO reduced its AMD position by 11.3% in the second quarter, selling 2,039 shares and retaining 16,079 shares valued at approximately $9.23 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year to $11.54 billion and EPS of $1.66, ahead of analyst expectations. Its server business and broader AI initiatives continue to support a constructive long-term outlook.
• Analysts maintain a broadly bullish view, with a consensus “Moderate Buy” rating and average price target of $546.87, but AMD’s high valuation, technology-sector volatility and recent institutional selling remain key risks.

ABN AMRO Bank N.V. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,079 shares of the semiconductor manufacturer's stock after selling 2,039 shares during the period. ABN AMRO Bank N.V.'s holdings in Advanced Micro Devices were worth $9,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kelleher Financial Advisors raised its position in shares of Advanced Micro Devices by 212.3% during the 2nd quarter. Kelleher Financial Advisors now owns 2,558 shares of the semiconductor manufacturer's stock valued at $1,486,000 after acquiring an additional 1,739 shares during the last quarter. Sutton Place Investors LLC increased its holdings in Advanced Micro Devices by 4.0% in the second quarter. Sutton Place Investors LLC now owns 1,520 shares of the semiconductor manufacturer's stock valued at $883,000 after purchasing an additional 58 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Advanced Micro Devices in the second quarter valued at about $865,000. Russell Investments Group Ltd. boosted its holdings in Advanced Micro Devices by 16.7% during the second quarter. Russell Investments Group Ltd. now owns 1,741,753 shares of the semiconductor manufacturer's stock worth $997,776,000 after buying an additional 249,824 shares during the last quarter. Finally, Avalon Trust Co grew its position in shares of Advanced Micro Devices by 2,602.9% during the 2nd quarter. Avalon Trust Co now owns 28,786 shares of the semiconductor manufacturer's stock worth $16,722,000 after buying an additional 27,721 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD appointed Tim Ryan to its board, adding expertise in technology, enterprise operations and financial governance. KC McClure was named chair of the Audit and Finance Committee, potentially strengthening oversight. AMD Appoints Tim Ryan to Board of Directors
• Positive Sentiment: Analysts and investment commentary remain constructive on AMD’s long-term outlook. CEO Lisa Su’s projection for more than 80% growth in server revenue, excluding AI accelerators, supports the strength of the broader data-center business. AMD Server Revenue Growth Outlook
• Positive Sentiment: AMD’s Helios platform, Instinct Coder private-enterprise AI offering and memorandum of understanding with Mexico’s Secihti add to the company’s AI and international growth initiatives. Their near-term earnings contribution remains uncertain. AMD Instinct Coder
• Neutral Sentiment: AMD’s latest quarterly results exceeded expectations, with revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share versus the $1.62 consensus. However, investors are increasingly demanding continued acceleration from the AI business.
• Negative Sentiment: A renewed technology sell-off pressured chip stocks even as major indexes recovered and Treasury yields eased. Concerns about borrowing costs, inflation, geopolitical tensions and elevated oil prices are weighing on high-growth AI names. Why Intel and AMD Stocks Are Falling
• Negative Sentiment: Valuation is a key risk: AMD trades at a high earnings multiple and at a premium to NVIDIA, leaving the stock vulnerable to disappointment or profit-taking despite strong growth forecasts. Analysts remain broadly bullish, with a reported consensus target of $546.87. AMD Versus NVIDIA Valuation
• Negative Sentiment: ARK Invest recently sold AMD shares while purchasing NVIDIA, adding modest near-term selling pressure and highlighting investor preference shifts within AI-chip stocks. Executive share sales were made under pre-arranged plans to cover tax withholding, reducing their bearish significance. ARK Invest Sells AMD

Insiders Place Their Bets

In related news, SVP Ava Hahn sold 143 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $474.75, for a total transaction of $67,889.25. Following the completion of the transaction, the senior vice president owned 17,644 shares in the company, valued at approximately $8,376,489. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 7,369 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $487.34, for a total transaction of $3,591,208.46. Following the sale, the executive vice president directly owned 1,241,347 shares in the company, valued at $604,958,046.98. This trade represents a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 163,959 shares of company stock valued at $77,640,312 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMD. Benchmark upped their price target on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada restated a "sector perform" rating and set a $540.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Citigroup raised shares of Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research note on Wednesday, July 22nd. Rosenblatt Securities increased their target price on shares of Advanced Micro Devices from $665.00 to $700.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $546.87.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $466.42 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The firm has a market cap of $761.42 billion, a price-to-earnings ratio of 119.90 and a beta of 2.48. The stock's 50-day moving average is $512.54 and its 200-day moving average is $373.22. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

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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