Advisors Management Group Inc. ADV Cuts Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Advisors Management Group Inc. ADV reduced its AMD stake by 6.5% in the second quarter, selling 1,663 shares and retaining 24,010 shares valued at $13.95 million. AMD represents about 2.3% of the fund’s portfolio and remains its ninth-largest holding.
• Institutional investors and hedge funds collectively own 71.34% of AMD, although recent filings show mixed activity, with some funds adding shares and others reducing positions.
• AMD reported quarterly EPS of $1.66, exceeding the $1.62 consensus estimate, while revenue rose 50.1% year over year to $11.54 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $546.87, despite differing individual views.

Advisors Management Group Inc. ADV lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,010 shares of the semiconductor manufacturer's stock after selling 1,663 shares during the period. Advanced Micro Devices makes up approximately 2.3% of Advisors Management Group Inc. ADV's holdings, making the stock its 9th biggest position. Advisors Management Group Inc. ADV's holdings in Advanced Micro Devices were worth $13,947,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First National Bank of Hutchinson lifted its holdings in 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 worth $3,276,000 after purchasing an additional 22 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position 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 worth $43,000 after purchasing an additional 24 shares during the period. Trust Co of the South grew its holdings in Advanced Micro Devices by 1.5% during the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer's stock valued at $1,014,000 after purchasing an additional 25 shares during the last quarter. Beaird Harris Wealth Management LLC grew its holdings in Advanced Micro Devices by 9.4% during the second quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer's stock valued at $169,000 after purchasing an additional 25 shares during the last quarter. Finally, Veery Capital LLC raised its position in shares of Advanced Micro Devices by 1.0% in the second quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer's stock valued at $1,622,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of analyst reports. Barclays cut shares of Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research note on Friday, June 12th. Susquehanna raised their target price 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. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a report on Friday, July 24th. Wedbush reissued an "outperform" rating and set a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Northland Securities restated a "market perform" rating and set a $260.00 price target on shares of Advanced Micro Devices in a report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $546.87.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $514.39 on Monday. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The stock has a market cap of $839.73 billion, a PE ratio of 132.23 and a beta of 2.48. The firm has a 50-day simple moving average of $511.77 and a 200 day simple moving average of $368.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

More Advanced Micro Devices News

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

• Positive Sentiment: Baird issued a highly bullish $1,250 price target, reinforcing the view that AMD’s AI accelerator and data-center businesses could expand substantially. Broadcom Sinks as AMD Climbs on Baird’s Call
• Positive Sentiment: AMD announced day-one support for the Qwen3.8 27B AI model, a development that may improve adoption of its chips and software among AI developers and data-center customers. AMD Supports Qwen3.8 27B AI Model
• Positive Sentiment: Bank of America raised its 2030 server-CPU market forecast to more than $210 billion from roughly $170 billion, citing demand from AI agents. AMD was identified as one of the bank’s preferred semiconductor investments. Bank of America Raises AI Chip Forecast
• Positive Sentiment: AMD is preparing a record bond offering of up to $5 billion to finance AI infrastructure, partnerships and other corporate needs. The funding could support its Helios platform and large customer commitments, including from Microsoft and AI companies. AMD Plans $5 Billion Bond Sale
• Neutral Sentiment: Institutional activity was mixed: Mirova disclosed a new AMD position worth approximately $145 million, while other funds reported reductions. Because these filings reflect holdings as of June 30, they provide limited insight into current positioning. Mirova Opens AMD Position
• Negative Sentiment: Risks include AMD’s demanding valuation, the added leverage from the bond sale and competitive pressure after reports that SpaceX plans to use Nvidia chips exclusively. Recent insider trading data also shows selling, although the reported sale by SVP Ava Hahn was made under a prearranged Rule 10b5-1 plan. SpaceX Selects Nvidia Exclusively

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares of the company's stock, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 161,077 shares of company stock worth $74,732,145. 0.50% of the stock is currently owned by corporate insiders.

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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