Advanced Micro Devices, Inc. $AMD Stock Holdings Lifted by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its AMD stake by 12.9% in the second quarter, acquiring 606,168 additional shares and bringing its holdings to 5.32 million shares valued at approximately $3.09 billion. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, surpassing analyst expectations; revenue rose 50.1% year over year, supported by strong data-center growth.
• Insiders sold 285,934 AMD shares worth about $130.4 million over the past three months, while analysts maintain a generally bullish outlook with a consensus “Moderate Buy” rating and an average price target of $542.53.

Assenagon Asset Management S.A. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,320,075 shares of the semiconductor manufacturer's stock after acquiring an additional 606,168 shares during the quarter. Advanced Micro Devices accounts for about 3.9% of Assenagon Asset Management S.A.'s portfolio, making the stock its 5th biggest holding. Assenagon Asset Management S.A. owned 0.33% of Advanced Micro Devices worth $3,090,485,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $27,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $27,000. Basepoint Wealth LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Graney & King LLC acquired a new stake in Advanced Micro Devices in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 6,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the transaction, the executive vice president directly owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company's stock, valued at $140,000,947.80. The trade was a 5.66% 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. In the last three months, insiders sold 285,934 shares of company stock worth $130,353,006. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Up 1.5%

AMD opened at $489.28 on Friday. The stock has a market capitalization of $797.82 billion, a PE ratio of 125.78 and a beta of 2.48. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.96 and a current ratio of 2.61. The business's 50 day moving average price is $515.22 and its 200 day moving average price is $358.23.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.34 EPS for the current year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD agreed to acquire Taalas, a developer of specialized AI inference chips, for an undisclosed amount. Taalas’ technology is designed to reduce computing and memory bottlenecks and could improve inference speed and efficiency when combined with AMD Instinct GPUs. The deal strengthens AMD’s strategy as AI demand shifts from model training toward high-volume, real-time inference. AMD deepens AI inference bet with Taalas deal
• Positive Sentiment: Analysts continued raising their valuation targets after AMD’s strong second-quarter performance. Rosenblatt lifted its target to $700 and maintained a Buy rating, adding to bullish targets from firms including Jefferies, Truist, Cantor Fitzgerald and Wedbush. AMD analyst price target update
• Positive Sentiment: AMD reported quarterly revenue of $11.54 billion, up 50% year over year, while data-center revenue more than doubled to approximately $6.7 billion. Management also expects data-center revenue to more than double in 2027, supported by Helios and expanding AI infrastructure demand.
• Neutral Sentiment: The broader AI semiconductor trade remains supportive, but Nvidia’s software and engineering-tool expansion highlights the competitive challenge AMD faces in building a complete AI ecosystem. Nvidia bets on design tools while AMD scales hardware
• Negative Sentiment: Risks remain from AMD’s demanding valuation, muted margin expectations and Nvidia’s dominant market position. SpaceX’s decision to use Nvidia chips exclusively has also reinforced concerns about AMD’s ability to win major AI customers.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $700.00 target price on shares of Advanced Micro Devices in a report on Wednesday. BTIG Research upgraded Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. DA Davidson increased their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday. Benchmark raised their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Finally, Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $542.53.

Advanced Micro Devices 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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