Advanced Micro Devices, Inc. $AMD Shares Sold by Cim Investment Management Inc.

Key Points

• Cim Investment Management reduced its AMD stake by 8.8% in the second quarter, selling 840 shares and retaining 8,740 shares valued at approximately $5.1 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $1.66 per share, exceeding the $1.62 consensus estimate, while revenue reached $11.54 billion—up 50.1% year over year and above expectations.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and price targets as high as $700, although AMD’s elevated valuation, insider selling and execution risks could limit upside.

Cim Investment Management Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,740 shares of the semiconductor manufacturer's stock after selling 840 shares during the quarter. Advanced Micro Devices accounts for 1.2% of Cim Investment Management Inc.'s portfolio, making the stock its 15th largest holding. Cim Investment Management Inc.'s holdings in Advanced Micro Devices were worth $5,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. First National Bank of Hutchinson boosted its position in shares of Advanced Micro Devices by 0.4% in the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock valued at $3,276,000 after purchasing an additional 22 shares during the period. Delta Asset Management LLC TN raised its holdings in Advanced Micro Devices by 1.5% during the 2nd quarter. Delta Asset Management LLC TN now owns 1,497 shares of the semiconductor manufacturer's stock worth $870,000 after buying an additional 22 shares during the period. Park Place Capital Corp raised its holdings in Advanced Micro Devices by 19.5% during the 2nd quarter. Park Place Capital Corp now owns 141 shares of the semiconductor manufacturer's stock worth $82,000 after buying an additional 23 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in Advanced Micro Devices by 12.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer's stock valued at $43,000 after buying an additional 24 shares in the last quarter. Finally, Round Rock Advisors LLC lifted its stake in Advanced Micro Devices by 2.3% during the second quarter. Round Rock Advisors LLC now owns 1,048 shares of the semiconductor manufacturer's stock valued at $609,000 after buying an additional 24 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 0.0%

Shares of Advanced Micro Devices stock traded down $0.30 on Tuesday, hitting $607.57. 16,348,122 shares of the company traded hands, compared to its average volume of 33,109,793. The company has a market cap of $991.84 billion, a PE ratio of 156.19, a PEG ratio of 6.54 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $159.33 and a 12-month high of $639.00. The company has a 50-day moving average price of $506.44 and a 200 day moving average price of $434.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the company posted $0.48 earnings per share. Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: World Labs acquisition strengthens AMD’s AI strategy. AMD agreed to acquire AI startup World Labs for approximately $8.2 billion in an all-stock transaction. The deal adds expertise in spatial intelligence, 3D “world models,” robotics and physical AI. Founder Fei-Fei Li will become AMD’s executive vice president and chief scientist, potentially helping the company recruit talent and develop integrated AI hardware, software and systems to compete more effectively with Nvidia. AMD to acquire Fei-Fei Li's World Labs in $8.2 billion deal
• Positive Sentiment: Analysts remain constructive on AMD’s long-term AI opportunity. Rosenblatt reaffirmed a Buy rating and set a $700 price target, implying further upside from the referenced price. Analysts and commentators also cite rising CPU demand from agentic AI workloads, expanding data-center opportunities and a potential shift toward inference workloads that could benefit AMD’s processors. Wall Street sets AMD stock price for 12 months
• Neutral Sentiment: Manufacturing capacity supports the broader chip cycle. TSMC is accelerating 2-nanometer production and reportedly securing strong demand from advanced-chip designers, including AMD. That supports future access to leading-edge manufacturing, although premium wafer pricing could raise AMD’s costs and pressure margins. Bottlenecking the Future: TSMC Prices Out the Competition
• Negative Sentiment: Valuation and execution risks are limiting enthusiasm. AMD has rallied sharply and trades near its 52-week high, with a very high earnings multiple. Critics argue the World Labs purchase is expensive for a non-chip company and that issuing stock could dilute shareholders. Recent selling by AMD insiders, elevated Treasury yields, profit-taking and renewed concerns about the pace of AI infrastructure spending are additional sources of pressure. AMD Is Having to Pay a Steep Price to Keep Up with Nvidia

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 the firm's stock in a transaction that occurred on 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 directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. 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 have sold 213,838 shares of company stock worth $105,533,836 in the last ninety days. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Jefferies Financial Group set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Susquehanna upped their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research report on Thursday, July 30th. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $567.62.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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