Advanced Micro Devices, Inc. $AMD is Azimuth Capital Investment Management LLC's 7th Largest Position

Key Points

• Azimuth Capital Investment Management cut its AMD stake by 13.5% in the second quarter, selling 17,916 shares. AMD remains the firm’s seventh-largest position, representing 2.2% of its portfolio and valued at approximately $66.5 million.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $553.72. However, targets range widely from $450 to $660, reflecting differing views on AMD’s growth prospects.
• AMD reported second-quarter revenue of $11.54 billion, up 50.1% year over year, and exceeded earnings expectations. The stock’s elevated valuation— including a P/E ratio above 120—along with recent insider selling presents a key risk for investors.

Azimuth Capital Investment Management LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,423 shares of the semiconductor manufacturer's stock after selling 17,916 shares during the period. Advanced Micro Devices accounts for about 2.2% of Azimuth Capital Investment Management LLC's portfolio, making the stock its 7th largest position. Azimuth Capital Investment Management LLC's holdings in Advanced Micro Devices were worth $66,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $4,929,312,000. Bank of America Corp DE purchased a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $7,022,226,000. Cardano Risk Management B.V. purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $1,000,783,000. BlackRock Inc. boosted its stake in shares of Advanced Micro Devices by 3.1% in 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 last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock worth $784,330,000 after buying an additional 3,735,807 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMD shares. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Monday, June 15th. The Goldman Sachs Group lifted their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a report on Monday, July 6th. Melius Research set a $660.00 price target on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, BMO Capital Markets assumed coverage on shares of Advanced Micro Devices in a report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $553.72.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD’s latest quarterly performance supports the bullish case: revenue rose 50% year over year to $11.5 billion, while data-center revenue increased 107% and represented 58% of total sales. Analysts cited strong AI partnerships, management’s favorable outlook and potential EPS doubling by fiscal 2027. AMD: Paying Up For A Ramp That's Already Been Outlined
• Positive Sentiment: Coverage highlighting AMD’s possible Saudi AI expansion and broader infrastructure deployments argues that the stock could be undervalued on long-term cash-flow assumptions, despite expensive market-based multiples. AMD Stock May Be 24% Undervalued On Saudi AI Expansion
• Positive Sentiment: Technical commentary describes AMD’s recent consolidation as a bullish flag, with a potential breakout if momentum returns. The company is also being viewed as gaining ground in data-center chips relative to Intel. AMD Stock Forecast
• Neutral Sentiment: Brokerage coverage remains broadly constructive, with AMD receiving a consensus “Moderate Buy” rating, but this does not represent a new earnings or business catalyst. AMD Given Consensus Rating of Moderate Buy
• Neutral Sentiment: AMD’s IFA 2026 presentation promoted Strix Halo, Gorgon Halo and local “agentic AI” computing, while collaborations involving ASUS and secure-AI initiatives reinforce its positioning across edge, cloud and enterprise infrastructure. AMD IFA 2026 Keynote
• Negative Sentiment: Valuation is the main risk: analysts say much of AMD’s expected growth is already reflected in the stock, with a forward P/E near 60 times and limited room for execution disappointments. Could an Investment in AMD Double?
• Negative Sentiment: ARK Invest’s reported sale of approximately $72.8 million of AMD and purchase of roughly $53 million of Nvidia highlights investor preference for AMD’s larger rival. Zacks also downgraded AMD from “strong buy” to “hold.” Cathie Wood Cuts AMD and Puts Money Into Nvidia

Insider Activity at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices 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 sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,577 shares of company stock worth $109,509,170 in the last quarter. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $477.57 on Friday. The stock has a market capitalization of $779.62 billion, a P/E ratio of 122.77, a P/E/G ratio of 4.95 and a beta of 2.48. The company's fifty day moving average price is $499.20 and its 200 day moving average price is $393.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73.

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, beating the consensus estimate of $1.62 by $0.04. The business 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 company's revenue was up 50.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

About Advanced Micro Devices

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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