Advanced Micro Devices, Inc. $AMD Position Decreased by RFG Advisory LLC

Key Points

• RFG Advisory reduced its AMD position by 22.5% in the second quarter, selling 3,878 shares and retaining 13,375 shares valued at approximately $7.77 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 107,577 shares worth about $51.9 million over the past 90 days, including sales by senior executives Ava Hahn and Forrest Norrod under pre-arranged Rule 10b5-1 plans.
• AMD’s latest results exceeded expectations, with quarterly revenue rising 50.1% year over year to $11.54 billion and EPS reaching $1.66. Analysts maintain a “Moderate Buy” consensus with an average price target of $557.62, though the stock’s high valuation and intense competition remain risks.

RFG Advisory LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,375 shares of the semiconductor manufacturer's stock after selling 3,878 shares during the period. RFG Advisory LLC's holdings in Advanced Micro Devices were worth $7,770,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. California State Teachers Retirement System grew its position in Advanced Micro Devices by 58,272.0% in the second quarter. California State Teachers Retirement System now owns 1,436,775,740 shares of the semiconductor manufacturer's stock worth $834,637,395,000 after buying an additional 1,434,314,328 shares during the last quarter. Norges Bank bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $4,929,312,000. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $7,022,226,000. Cardano Risk Management B.V. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $1,000,783,000. Finally, BlackRock Inc. boosted its stake in shares of Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the transaction, the executive vice president directly owned 373,317 shares in the company, valued at $171,707,154.15. The trade was a 4.42% decrease in their ownership of the stock. 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 107,577 shares of company stock valued at $51,922,920 in the last 90 days. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Up 5.9%

NASDAQ:AMD opened at $505.74 on Wednesday. The firm has a market capitalization of $825.61 billion, a price-to-earnings ratio of 130.01, a PEG ratio of 4.95 and a beta of 2.48. Advanced Micro Devices, Inc. has a 1-year low of $149.85 and a 1-year high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The business's fifty day moving average price is $496.46 and its 200 day moving average price is $398.67.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup raised Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Cantor Fitzgerald reissued an "overweight" rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, Susquehanna upped their price objective on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $557.62.

More Advanced Micro Devices News

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

• Positive Sentiment: Management raised its AI opportunity outlook: AMD said its total addressable market could reach approximately $3 trillion by 2030, up from its prior estimate of about $2 trillion. CFO Jean Hu’s comments strengthened the case for long-term growth in data-center CPUs, GPUs and related systems. AMD Stock Rises as CFO Claims Its Addressable Market Could Reach $3 Trillion
• Positive Sentiment: Investors responded to AMD’s broader AI platform strategy. The company is positioning EPYC server processors, Instinct accelerators and Helios rack-scale systems as a fuller alternative to competing AI infrastructure. Coverage also highlighted a planned workstation capable of running very large AI models locally, potentially expanding demand beyond cloud data centers. AMD Just Put 300 Billion-Parameter AI Models on a Desktop
• Positive Sentiment: Recent operating momentum supports the bullish narrative. AMD’s latest quarterly results exceeded analyst expectations, with revenue of $11.54 billion, up 50.1% year over year, while AI-related demand and the data-center business remain key growth drivers. Analysts and financial commentary continue to cite additional upside from OpenAI-related GPU demand and the expected Helios ramp. AMD stock jumps as AI market opportunity is seen at $3 trillion
• Neutral Sentiment: Investor sentiment and analyst targets remain broadly constructive, with several recent price targets above the current trading range. However, much of the AI growth story—including data-center expansion and Helios—may already be reflected in AMD’s valuation.
• Negative Sentiment: Valuation and competitive risks remain significant. AMD trades at a high earnings multiple after a substantial run-up, while Broadcom and Nvidia remain formidable rivals for hyperscaler and AI infrastructure spending. Commentary also noted that company insiders have reported many sales and no purchases in recent months, which could temper enthusiasm. AMD Presents at Citi’s 2026 Global TMT Conference

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.

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