Bank of America Corp DE Purchases New Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Bank of America acquired 12.09 million AMD shares during the second quarter, worth approximately $7.02 billion and representing 0.74% of the semiconductor company. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, exceeding analyst estimates, while revenue grew 50.1% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $565.12 price target, although AMD’s high valuation and competition in AI chips present risks. Company insiders have also sold shares under pre-arranged trading plans.

Bank of America Corp DE acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,088,320 shares of the semiconductor manufacturer's stock, valued at approximately $7,022,226,000. Bank of America Corp DE owned 0.74% of Advanced Micro Devices at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMD. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Graney & King LLC bought a new stake in Advanced Micro Devices during the 1st quarter worth approximately $31,000. Finally, Main Street Group LTD bought a new stake in Advanced Micro Devices during the 1st quarter worth approximately $33,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several analyst reports. Jefferies Financial Group set a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. BMO Capital Markets started coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price objective on the stock. UBS Group restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, Wolfe Research set a $450.00 target price on Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Monday, June 15th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $565.12.

Advanced Micro Devices Price Performance

Shares of AMD opened at $516.13 on Monday. Advanced Micro Devices, Inc. has a 1 year low of $149.85 and a 1 year high of $584.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock has a 50 day simple moving average of $495.75 and a two-hundred day simple moving average of $405.29. The firm has a market cap of $842.57 billion, a P/E ratio of 132.68, a P/E/G ratio of 5.35 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm 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 quarterly revenue 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. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa Su sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the sale, the chief executive officer owned 3,102,156 shares of the company's stock, valued at approximately $1,491,950,906.64. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 business's stock in a transaction dated Monday, August 24th. The shares were 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 in the company, 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. In the last ninety days, insiders sold 101,577 shares of company stock valued at $48,704,940. 0.50% of the stock is owned by insiders.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: At the Goldman Sachs Communacopia + Technology Conference, AMD highlighted its AI and data-center opportunity, including the Helios platform and a market that management estimates could reach $2 trillion. The presentation reinforced expectations for continued accelerator, CPU, and infrastructure growth. AMD Goldman Sachs Conference Transcript
• Positive Sentiment: Piper Sandler upgraded AMD to “strong buy,” while CLSA raised the stock to “moderate buy.” Other bullish commentary points to server CPU share gains, agentic-AI adoption, and potential upside from the MI450 launch, with some analysts citing price targets near $600. Piper Sandler AMD Rating
• Positive Sentiment: TSMC reported August revenue growth of 53.3% year over year and 10.1% sequentially, signaling that hyperscaler and enterprise demand for advanced AI chips remains strong. This supports AMD’s data-center growth outlook, despite potential manufacturing and packaging-cost pressures. TSMC August Revenue
• Positive Sentiment: Reported institutional options activity included purchases of AMD positions, adding to favorable trading momentum, though options flows are speculative and do not necessarily indicate long-term fundamentals. AMD Options Flow
• Neutral Sentiment: Analysts continue comparing AMD favorably with Qualcomm, Marvell, and Nvidia because of its CPU and GPU exposure, but these comparisons underscore that AMD must execute successfully against stronger AI incumbents.
• Negative Sentiment: One Seeking Alpha analysis downgraded AMD, arguing that the long-term bull case remains intact but that much of the easier upside is already reflected in the share price. AMD’s high earnings multiple leaves the stock vulnerable to execution, margin, or demand disappointments. AMD Rating Downgrade
• Negative Sentiment: Broadcom’s growing custom-AI-chip business remains a competitive threat, particularly as hyperscalers develop alternatives to merchant GPUs. TSMC’s strong results also highlighted rising costs for fabrication, memory, and advanced packaging that could pressure AMD’s margins.

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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