Campbell Newman Asset Management Inc. Sells 4,581 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Campbell Newman Asset Management cut its AMD stake by 53.7% in the second quarter, selling 4,581 shares and retaining 3,951 shares worth approximately $2.3 million. 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 expectations, while revenue increased 50.1% year over year. The stock opened at $459.61 and remains highly valued, with a P/E ratio of 118.15.
• Analysts maintain a broadly positive outlook, giving AMD a consensus “Moderate Buy” rating and an average price target of $553.72, but valuation concerns, sector-wide pressure from rising bond yields, competition from Nvidia and insider selling could limit near-term upside.

Campbell Newman Asset Management Inc. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,951 shares of the semiconductor manufacturer's stock after selling 4,581 shares during the period. Campbell Newman Asset Management Inc.'s holdings in Advanced Micro Devices were worth $2,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMD. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the fourth quarter worth $27,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at $27,000. Basepoint Wealth LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $30,000. Graney & King LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at about $31,000. Finally, Main Street Group LTD purchased a new stake in Advanced Micro Devices during the first quarter valued at about $33,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 2.4%

Shares of NASDAQ:AMD opened at $459.61 on Wednesday. The stock has a market capitalization of $750.30 billion, a P/E ratio of 118.15, a price-to-earnings-growth ratio of 4.87 and a beta of 2.48. The stock's 50-day moving average price is $502.84 and its 200-day moving average price is $389.16. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD, Cisco and HUMAIN said AMD Instinct MI355X-based AI infrastructure is now live and serving customers in Saudi Arabia. The partners plan up to 250 megawatts of additional capacity beginning in 2027, potentially scaling to 1 gigawatt by 2030. The deployment provides tangible evidence of commercial AI demand for AMD’s GPUs and CPUs. AMD's Instinct Systems Are Now Live in Saudi Arabia
• Positive Sentiment: Analysts remain broadly constructive, with a reported median price target of $490 and several targets above $600. Recent commentary also highlights AMD’s strong AI growth prospects and the possibility that optimization advances could make AMD-based inference systems more competitive with Nvidia’s offerings. AMD Stock Is Up 115% YTD
• Neutral Sentiment: AMD’s recent results remain a fundamental support: quarterly revenue rose about 50% year over year to $11.5 billion and exceeded expectations. However, investors are weighing that growth against a high valuation after the stock’s substantial advance.
• Negative Sentiment: A global bond selloff pushed long-term yields higher, pressuring high-multiple technology and semiconductor stocks. AMD declined alongside Nvidia, Intel and other chipmakers, indicating sector-wide risk reduction rather than a company-specific setback. Semiconductor Stocks Slide as Yields Rise
• Negative Sentiment: Valuation concerns are intensifying. Analysts question how much upside remains after AMD’s rapid rally, while tightening export controls and competition from Nvidia’s expanding edge-to-cloud ecosystem could limit future gains. AMD: There's Little Upside Here
• Negative Sentiment: ARK Invest reportedly sold tens of millions of dollars of AMD shares while reallocating capital toward Nvidia and Broadcom. The move may reinforce short-term profit-taking concerns, although it represents one fund’s portfolio decision rather than a change in AMD’s fundamentals. Cathie Wood Sells AMD and Buys Another Chip Stock

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMD shares. William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Stifel Nicolaus raised their price objective on Advanced Micro Devices from $450.00 to $635.00 and gave the company a "buy" rating in a report on Friday, July 10th. UBS Group restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Morgan Stanley upped their target price on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Finally, BTIG Research upgraded shares of Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $553.72.

Insider Activity

In related news, SVP Ava Hahn sold 2,993 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the sale, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 15,000 shares of the stock in a transaction on 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 directly owned 3,102,156 shares of the company's stock, valued at $1,491,950,906.64. The trade was a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 232,577 shares of company stock valued at $109,509,170. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source