Connective Capital Management LLC Purchases 10,979 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Connective Capital Management increased its AMD position by 907.4% in the second quarter, purchasing 10,979 additional shares for a total holding of 12,189 shares valued at approximately $7.1 million. Institutional investors collectively own 71.34% of AMD.
• Wall Street remains broadly bullish, with AMD receiving a consensus “Moderate Buy” rating and an average price target of $553.72. Recent targets range as high as $700, although analysts have cautioned that AMD’s elevated valuation raises execution risks.
• AMD reported strong quarterly results, including $11.54 billion in revenue—up 50.1% year over year—and EPS of $1.66, above estimates. Meanwhile, insiders sold roughly 232,577 shares worth $109.5 million over the past quarter, and the stock trades at a high forward-growth valuation.

Connective Capital Management LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 907.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,189 shares of the semiconductor manufacturer's stock after purchasing an additional 10,979 shares during the quarter. Advanced Micro Devices accounts for about 5.1% of Connective Capital Management LLC's investment portfolio, making the stock its 4th largest holding. Connective Capital Management LLC's holdings in Advanced Micro Devices were worth $7,081,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC boosted 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 valued at $1,001,000 after buying an additional 234 shares during the period. Sivia Capital Partners LLC grew its position in shares of Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after buying an additional 2,970 shares during the last quarter. United Bank grew its position in shares of 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 buying an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in 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 during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. 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 quarter, insiders sold 232,577 shares of company stock valued at $109,509,170. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. Susquehanna raised their target price on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Evercore reiterated an "outperform" rating and set a $579.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. The Goldman Sachs Group raised their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a report on Monday, July 6th. Finally, Wells Fargo & Company upped their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $553.72.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD raised its estimate for the total addressable AI market to approximately $3 trillion by 2030, up from roughly $2 trillion previously. The larger market forecast strengthened the long-term growth narrative and helped support the shares. AMD stock jumps 6% as AI market opportunity seen at $3T
• Positive Sentiment: At Citi’s Global TMT Conference, management highlighted AMD’s data-center roadmap and its broader AI portfolio, including EPYC server processors, Instinct GPUs and Helios rack-scale systems. Investors view the platform approach as a potential driver of accelerating second-half 2026 demand. AMD Presents at Citi's 2026 Global TMT Conference Transcript
• Positive Sentiment: Recent coverage emphasized AMD’s AI-optimized processors, a planned high-end workstation capable of running very large models locally, and its major GPU relationship with OpenAI. These developments reinforce expectations for share gains in AI hardware and data-center computing. AMD Stock Jumps After Unveiling AI Workstation
• Neutral Sentiment: Analyst and investor commentary remains broadly constructive, with several published price targets above the current market level. However, the stock’s strong year-to-date advance has increased sensitivity to execution and future guidance.
• Negative Sentiment: Some analysts argue AMD is already valued more aggressively than Nvidia and Broadcom, while Broadcom’s faster growth and lower valuation could make it the preferred AI hardware investment. This creates a risk of profit-taking if AMD’s AI ramp falls short of expectations. Forget AMD: This AI Hardware Stock Is the Smarter Bet Right Now
• Negative Sentiment: Quiver Quantitative data showed substantial insider selling and no reported insider purchases over the past six months. While such sales may be scheduled or compensation-related, they could temper bullish sentiment at an elevated valuation.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $28.17 on Tuesday, hitting $505.74. The stock had a trading volume of 28,078,002 shares, compared to its average volume of 33,952,883. The company's 50-day moving average is $497.96 and its two-hundred day moving average is $396.52. Advanced Micro Devices, Inc. has a one year low of $149.85 and a one year high of $584.73. The stock 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 quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data 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. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The business's revenue was up 50.1% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Advanced Micro Devices 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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