Ascent Group LLC Acquires 1,946 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Ascent Group increased its AMD stake by 6.5% in the second quarter, purchasing 1,946 shares for a total holding of 32,004 shares valued at approximately $18.6 million. Institutional investors collectively own 71.34% of AMD.
• Wall Street remains broadly positive, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $546.87. Analysts cited growth potential in AI accelerators, data centers and server CPUs, though valuation and competitive pressures remain risks.
• AMD reported strong quarterly results, posting $1.66 in adjusted EPS and $11.54 billion in revenue, up 50.1% year over year. The company is also preparing a bond offering of up to $5 billion to fund AI infrastructure and related expansion.

Ascent Group LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,004 shares of the semiconductor manufacturer's stock after purchasing an additional 1,946 shares during the period. Advanced Micro Devices makes up 0.6% of Ascent Group LLC's investment portfolio, making the stock its 24th largest holding. Ascent Group LLC's holdings in Advanced Micro Devices were worth $18,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Brighton Jones LLC grew its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its position in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares during the period. Sivia Capital Partners LLC raised its position in Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after acquiring an additional 2,970 shares during the period. United Bank boosted its stake in shares of Advanced Micro Devices by 22.0% during the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock worth $1,881,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in shares of Advanced Micro Devices by 361.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock worth $1,310,000 after acquiring an additional 7,228 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

Insiders Place Their Bets

In other news, SVP Ava Hahn sold 143 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $474.75, for a total value of $67,889.25. Following the sale, the senior vice president directly owned 17,644 shares of the company's stock, valued at approximately $8,376,489. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president owned 324,527 shares of the company's stock, valued at $140,000,947.80. This represents a 5.66% 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. Over the last 90 days, insiders have sold 161,077 shares of company stock worth $74,732,145. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMD shares. Morgan Stanley raised their target price on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Rosenblatt Securities boosted their price target on Advanced Micro Devices from $665.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Wedbush restated an "outperform" rating and issued a $600.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. UBS Group reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, Citigroup upgraded Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $546.87.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $514.39 on Friday. 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 twelve month low of $149.22 and a twelve month high of $584.73. The business has a 50-day moving average price of $511.77 and a 200-day moving average price of $367.48. The firm has a market cap of $839.73 billion, a price-to-earnings ratio of 132.23 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its 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. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the company earned $0.48 EPS. The firm's quarterly revenue was up 50.1% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

About Advanced Micro Devices

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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