Cornerstone Advisors LLC Has $47.32 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Cornerstone Advisors LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,465 shares of the semiconductor manufacturer's stock after acquiring an additional 15,753 shares during the period. Advanced Micro Devices accounts for approximately 1.6% of Cornerstone Advisors LLC's holdings, making the stock its 13th largest position. Cornerstone Advisors LLC's holdings in Advanced Micro Devices were worth $47,324,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AMD. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $4,929,312,000. Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares during the period. Cardano Risk Management B.V. acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $1,000,783,000. BlackRock Inc. lifted its position in shares of 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 period. Finally, Wellington Management Group LLP lifted its holdings in shares of Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after acquiring an additional 3,735,807 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMD shares. Citigroup upgraded shares of Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research note on Wednesday, July 22nd. Oppenheimer cut Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a report on Wednesday, May 6th. Raymond James Financial began coverage on shares of Advanced Micro Devices in a report on Wednesday, May 6th. They set a "market perform" rating for the company. Roth Capital increased 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 report on Friday, July 24th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Advanced Micro Devices in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $546.95.

Advanced Micro Devices Stock Up 0.8%

Advanced Micro Devices stock opened at $473.25 on Friday. The company's 50-day moving average price is $511.40 and its two-hundred day moving average price is $375.55. The stock has a market cap of $772.57 billion, a P/E ratio of 121.66 and a beta of 2.48. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. 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 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the prior year, the firm posted $0.48 EPS. The company's revenue for the quarter was up 50.1% on a year-over-year basis. As a group, analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Activity

In other news, EVP Paul Darren Grasby sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Ava Hahn sold 2,993 shares of Advanced Micro Devices stock in a transaction that occurred 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 owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. The trade was a 10.11% 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 90 days, insiders have sold 210,763 shares of company stock worth $99,912,107. 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.

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