Advanced Micro Devices, Inc. $AMD Shares Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its AMD stake by 41.5% in the second quarter, bringing its holdings to 1.97 million shares worth approximately $1.14 billion. Institutional investors collectively own 71.34% of AMD.
• AMD reported a strong quarter, with revenue rising 50.1% year over year to $11.54 billion and EPS of $1.66, exceeding analyst expectations. The stock opened at $503.60, near its 52-week high of $584.73.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $565.12, although insiders have sold $51.9 million of shares over the past three months and AMD’s high valuation creates execution risk.

The Manufacturers Life Insurance Company grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 41.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,967,717 shares of the semiconductor manufacturer's stock after acquiring an additional 576,856 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.12% of Advanced Micro Devices worth $1,143,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Southpoint Capital Advisors LP increased its position in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after buying an additional 300,000 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in shares of 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 buying an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC acquired a new stake in Advanced Micro Devices in the 1st quarter valued at about $1,193,000. Dimensional Fund Advisors LP grew its stake in Advanced Micro Devices by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after acquiring an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $1,118,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $503.60 on Friday. 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 $822.11 billion, a PE ratio of 129.46, a P/E/G ratio of 5.40 and a beta of 2.48. The firm has a 50 day simple moving average of $495.78 and a 200-day simple moving average of $403.04. Advanced Micro Devices, Inc. has a 1-year low of $149.85 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same period in the previous year, the company earned $0.48 EPS. Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on AMD. William Blair restated a "market perform" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Raymond James Financial raised shares of Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $565.00 to $641.00 in a research note on Tuesday, August 25th. Loop Capital upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Piper Sandler initiated coverage on Advanced Micro Devices in a research report on Wednesday. They set an "overweight" rating and a $600.00 price target for the company. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $565.12.

Insider Activity

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Thursday, August 20th. The shares were 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 owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. 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 three months. Company insiders own 0.50% of the company's stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: Analysts remain constructive on AMD’s long-term outlook. Piper Sandler initiated coverage with a Buy rating, while other bullish commentary points to potential price targets near $600 and continued gains in data-center CPUs and AI accelerators. Piper Sandler AMD coverage
• Positive Sentiment: AMD’s AI opportunity continues to attract investor interest. Recent management commentary projected a potential multitrillion-dollar AI market by 2030 and roughly doubled data-center revenue in 2027, supporting expectations for sustained growth. AMD AI market outlook
• Positive Sentiment: Institutional options activity reportedly increased around AMD, indicating that some large investors are positioning for further upside. AMD institutional options flow
• Positive Sentiment: AMD and Xanadu launched Backline, an open-source platform connecting CPU, GPU and FPGA resources with quantum-computing software. The initiative expands AMD’s developer ecosystem, although its financial impact is likely longer term. AMD and Xanadu Backline launch
• Neutral Sentiment: TSMC reported a 53.3% year-over-year increase in August revenue, confirming strong AI-chip demand and supporting AMD’s volume outlook. However, tight advanced-packaging, memory and manufacturing capacity is also raising costs for fabless chip designers. TSMC August revenue
• Negative Sentiment: The broader technology sector sold off late in the session as investors focused on interest-rate expectations, rising energy prices and weakening market momentum. AMD’s high-beta profile makes it particularly sensitive to this risk-off trading.
• Negative Sentiment: Some analysts favor NVIDIA over AMD because of NVIDIA’s stronger AI infrastructure leadership, higher profitability and lower valuation. AMD’s premium valuation leaves less room for execution or supply-chain disappointments. NVIDIA versus AMD analysis
• Negative Sentiment: ARK Invest’s Cathie Wood continued trimming AMD while reallocating capital to other AI-chip companies, adding a notable sentiment headwind despite the company’s favorable long-term product cycle. Cathie Wood sells AMD

Advanced Micro Devices Company Profile

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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