Byrne Asset Management LLC Sells 2,190 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Byrne Asset Management cut its AMD position by 24.7%, selling 2,190 shares and retaining 6,668 shares valued at approximately $4.1 million. AMD remains about 2.3% of the firm's portfolio.
• Institutional investors collectively own 71.34% of AMD, with major holders including BlackRock and State Street increasing their stakes during the second quarter.
• AMD has a “Moderate Buy” consensus rating, with analysts raising price targets as AI demand drives optimism; however, the stock’s elevated 168.62 price-to-earnings ratio and potential shareholder dilution remain key risks.

Byrne Asset Management LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,668 shares of the semiconductor manufacturer's stock after selling 2,190 shares during the period. Advanced Micro Devices comprises about 2.3% of Byrne Asset Management LLC's investment portfolio, making the stock its 8th biggest holding. Byrne Asset Management LLC's holdings in Advanced Micro Devices were worth $4,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the last quarter. State Street Corp lifted its stake in Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after buying an additional 2,149,563 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices during the second quarter valued at $7,022,226,000. Jennison Associates LLC boosted its holdings in shares of Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after acquiring an additional 545,575 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock worth $5,422,444,000 after acquiring an additional 2,365,419 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

More Advanced Micro Devices News

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

• Positive Sentiment: Mizuho raised its AMD price target from $580 to $705 and assigned an Outperform rating, reflecting greater confidence in specialized AI workloads and agentic AI. AMD vs. Cerebras – Why Mizuho Sees More Upside in This AI Stock
• Positive Sentiment: CEO Lisa Su said AMD plans to substantially increase AI chip supply in 2027 as demand remains “very, very high.” Expanded wafer and memory capacity through suppliers in Taiwan and South Korea could help the company convert demand into revenue. AMD plans to substantially increase supply in 2027, CEO says
• Positive Sentiment: Coverage highlighted potential benefits from Meta’s Muse and the broader shift toward continuously operating personal AI agents, which could increase demand for CPUs, memory, and networking. Meta Muse gives AMD a boost as AI momentum shifts to personal agents
• Positive Sentiment: Stifel’s recently increased $700 target and expectation for a third-quarter “beat-and-raise,” supported by EPYC server CPUs and improving future product margins, provided additional bullish momentum. Stifel Raises AMD Stock Price Target Ahead of Q3 Earnings
• Neutral Sentiment: AMD’s planned World Labs acquisition and expanding AI partnerships could strengthen its competitive position, but the strategic benefits must justify substantial investment.
• Negative Sentiment: Valuation remains a risk after the rally: AMD trades at a very high earnings multiple, while potential issuance of up to 320 million shares to OpenAI and Meta could dilute existing shareholders. AMD share issuance to OpenAI and Meta

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Advanced Micro Devices from $635.00 to $700.00 and gave the stock a "buy" rating in a report on Monday. Citigroup restated a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday. Roth Capital raised their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Benchmark lifted their price target on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Zacks Research lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 1st. Three 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, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $571.25.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $23.41 on Tuesday, hitting $655.16. The company had a trading volume of 15,549,794 shares, compared to its average volume of 32,676,256. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. 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 company has a market cap of $1.07 trillion, a PE ratio of 168.62, a PEG ratio of 6.58 and a beta of 2.45. The business has a 50-day simple moving average of $515.38 and a 200-day simple moving average of $449.17.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results 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 analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Ava Hahn sold 2,993 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at $13,010,393.87. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This trade represents a 2.23% 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 ninety days, insiders have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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