Baird Financial Group Inc. Sells 64,488 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Baird Financial Group reduced its AMD stake by 21.2% in the second quarter, selling 64,488 shares and retaining 240,012 shares valued at approximately $139.4 million.
• Other institutional investors adjusted their positions, with several increasing their AMD holdings; institutional investors and hedge funds collectively own 71.34% of the company’s stock.
• Analyst sentiment remains broadly positive, with AMD receiving a “Moderate Buy” consensus rating and an average price target of $553.72, although insider selling and AMD’s high valuation present risks. The company recently exceeded quarterly earnings and revenue expectations, with revenue up 50.1% year over year.

Baird Financial Group Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 21.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 240,012 shares of the semiconductor manufacturer's stock after selling 64,488 shares during the quarter. Baird Financial Group Inc.'s holdings in Advanced Micro Devices were worth $139,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Brighton Jones LLC grew its stake in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Sivia Capital Partners LLC grew its position in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after purchasing an additional 2,970 shares during the period. United Bank increased its stake in Advanced Micro Devices by 22.0% during the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock valued at $1,881,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its position in shares of Advanced Micro Devices by 361.0% during the second 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMD shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $540.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Barclays lowered Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a report on Friday, June 12th. Zacks Research downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 1st. Wall Street Zen raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Finally, Truist Financial boosted their price target on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $553.72.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa Su sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total value of $7,214,100.00. Following the completion of the sale, the chief executive officer owned 3,102,156 shares of the company's stock, valued at approximately $1,491,950,906.64. This trade 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 Norrod sold 17,261 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the transaction, the executive vice president owned 373,317 shares of the company's stock, valued at $171,707,154.15. This represents a 4.42% 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 have sold 107,577 shares of company stock worth $51,922,920 in the last three months. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $505.74 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $149.85 and a 52 week high of $584.73. The firm's 50-day simple moving average is $496.46 and its two-hundred day simple moving average is $398.67. The firm has a market cap of $825.61 billion, a price-to-earnings ratio of 130.01, a P/E/G ratio of 4.95 and a beta of 2.48. 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, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices's quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Management raised its AI opportunity outlook: AMD said its total addressable market could reach approximately $3 trillion by 2030, up from its prior estimate of about $2 trillion. CFO Jean Hu’s comments strengthened the case for long-term growth in data-center CPUs, GPUs and related systems. AMD Stock Rises as CFO Claims Its Addressable Market Could Reach $3 Trillion
• Positive Sentiment: Investors responded to AMD’s broader AI platform strategy. The company is positioning EPYC server processors, Instinct accelerators and Helios rack-scale systems as a fuller alternative to competing AI infrastructure. Coverage also highlighted a planned workstation capable of running very large AI models locally, potentially expanding demand beyond cloud data centers. AMD Just Put 300 Billion-Parameter AI Models on a Desktop
• Positive Sentiment: Recent operating momentum supports the bullish narrative. AMD’s latest quarterly results exceeded analyst expectations, with revenue of $11.54 billion, up 50.1% year over year, while AI-related demand and the data-center business remain key growth drivers. Analysts and financial commentary continue to cite additional upside from OpenAI-related GPU demand and the expected Helios ramp. AMD stock jumps as AI market opportunity is seen at $3 trillion
• Neutral Sentiment: Investor sentiment and analyst targets remain broadly constructive, with several recent price targets above the current trading range. However, much of the AI growth story—including data-center expansion and Helios—may already be reflected in AMD’s valuation.
• Negative Sentiment: Valuation and competitive risks remain significant. AMD trades at a high earnings multiple after a substantial run-up, while Broadcom and Nvidia remain formidable rivals for hyperscaler and AI infrastructure spending. Commentary also noted that company insiders have reported many sales and no purchases in recent months, which could temper enthusiasm. AMD Presents at Citi’s 2026 Global TMT Conference

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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