Cascade Financial Partners LLC Trims Position in Advanced Micro Devices, Inc. $AMD

Cascade Financial Partners LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 23.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,232 shares of the semiconductor manufacturer's stock after selling 1,634 shares during the quarter. Cascade Financial Partners LLC's holdings in Advanced Micro Devices were worth $3,039,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Joseph Group Capital Management purchased a new position in Advanced Micro Devices during the 4th quarter valued at $25,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Cornerstone Financial Management LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Graney & King LLC bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Key Advanced Micro Devices News

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

Insider Activity

In related 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 completion of the sale, the senior vice president directly owned 17,644 shares in the company, valued at approximately $8,376,489. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company's stock, valued at approximately $140,000,947.80. This trade represents a 5.66% 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. Over the last 90 days, insiders sold 161,077 shares of company stock valued at $74,732,145. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a "market perform" rating for the company. Wall Street Zen cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company upped their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Robert W. Baird set a $1,250.00 target price on Advanced Micro Devices in a report on Friday, July 24th. Finally, Morgan Stanley increased their price objective 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. 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $546.87.

Advanced Micro Devices Stock Performance

AMD stock opened at $514.39 on Monday. The stock has a market capitalization of $839.73 billion, a PE ratio of 132.23 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock's 50 day simple moving average is $511.77 and its 200 day simple moving average is $368.29.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The business 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 revenue was up 50.1% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.

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