Advanced Micro Devices, Inc. $AMD Position Boosted by AI Squared Management Ltd

Key Points

• AI Squared Management boosted its AMD stake by 232.1% in Q4, buying 26,000 additional shares and bringing its position to 37,200 shares worth about $7.97 million.
• AMD reported strong quarterly results, posting $1.37 EPS versus the $1.29 estimate and revenue of $10.25 billion, with sales up 37.8% year over year.
• Sentiment remains bullish overall: several analysts raised price targets, Bank of America called AMD its “top CPU pick”, and the stock has surged sharply, though some investors are cautioning that valuation may be stretched after the big run.

AI Squared Management Ltd increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 232.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,200 shares of the semiconductor manufacturer's stock after purchasing an additional 26,000 shares during the quarter. Advanced Micro Devices accounts for 9.3% of AI Squared Management Ltd's investment portfolio, making the stock its 3rd biggest position. AI Squared Management Ltd's holdings in Advanced Micro Devices were worth $7,967,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Impax Asset Management Group plc grew its holdings in Advanced Micro Devices by 326.5% in the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock worth $8,424,000 after acquiring an additional 39,861 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in Advanced Micro Devices by 6,228.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock worth $65,966,000 after acquiring an additional 303,154 shares during the last quarter. Williamson Legacy Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth $1,118,000. Thoroughbred Financial Services LLC boosted its stake in shares of Advanced Micro Devices by 8.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer's stock valued at $7,030,000 after purchasing an additional 2,654 shares in the last quarter. Finally, Zweig DiMenna Associates LLC boosted its stake in shares of Advanced Micro Devices by 127.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after purchasing an additional 40,708 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 8.0%

NASDAQ:AMD opened at $488.45 on Friday. Advanced Micro Devices, Inc. has a one year low of $115.06 and a one year high of $546.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The company's 50-day simple moving average is $380.39 and its 200 day simple moving average is $272.51. The firm has a market capitalization of $796.47 billion, a P/E ratio of 160.15, a PEG ratio of 1.33 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Advanced Micro Devices's quarterly revenue was up 37.8% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMD. Roth Mkm reaffirmed a "buy" rating and set a $500.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Zacks Research lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 3rd. Stifel Nicolaus lifted their target price on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. KeyCorp lifted their target price on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial began coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They set a "market perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $421.49.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the transaction, the executive vice president directly owned 1,236,037 shares of the company's stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company's stock, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 247,032 shares of company stock valued at $101,072,366. 0.50% of the stock is owned by company insiders.

Key Advanced Micro Devices News

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

• Positive Sentiment: Bank of America raised its price target on AMD to $560 and reiterated a buy rating, calling AMD its “top CPU pick” on expectations that agentic AI will boost demand for server CPUs and related hardware. AMD Stock Rises as BofA Lifts Price Target, Calls it ‘Top CPU Pick’
• Positive Sentiment: Several reports said semiconductor stocks, including AMD, rallied after BofA highlighted a roughly $170 billion opportunity tied to agentic AI workloads, which could support demand for CPUs, GPUs, and data-center infrastructure. Nvidia, AMD, Arm stocks rally as BofA sees $170B agentic AI opportunity
• Positive Sentiment: Analyst estimate revisions also turned more constructive, with Erste Group lifting its FY2026 and FY2027 earnings forecasts for AMD, reinforcing the view that profits can keep growing as AI and data-center spending expand.
• Positive Sentiment: Media coverage around leaks of faster Zen 6 CPU speeds and pieces arguing AMD still has substantial upside added to the bullish sentiment around the stock.
• Neutral Sentiment: AMD’s huge 12-month run has prompted some valuation caution, with multiple articles asking whether the stock has run too far after its big gain. That may temper enthusiasm, even though the longer-term AI growth narrative remains intact. Is It Too Late to Buy Advanced Micro Devices (AMD) Stock After Its 12-Month Gain of 300%?
• Negative Sentiment: Some traders are taking profits across AI and semiconductor names, and one report said retail investors were cashing out of AMD and other chip stocks ahead of the SpaceX IPO, adding short-term selling pressure. Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO

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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