Crescent Grove Advisors LLC Acquires 2,476 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Crescent Grove Advisors LLC increased its AMD stake by 44% in the first quarter, adding 2,476 shares to reach 8,103 shares valued at about $1.65 million.
• AMD continues to attract major institutional interest, with hedge funds and other investors owning 71.34% of the stock; several large firms also significantly boosted or initiated positions.
• Insider selling has been notable, including recent sales by EVP Paul Darren Grasby and Director Nora Denzel, while analysts remain generally constructive with a consensus Moderate Buy rating and an average price target of $468.65.

Crescent Grove Advisors LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,103 shares of the semiconductor manufacturer's stock after acquiring an additional 2,476 shares during the period. Crescent Grove Advisors LLC's holdings in Advanced Micro Devices were worth $1,648,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $4,929,312,000. Jennison Associates LLC increased its position in shares of Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after buying an additional 7,035,991 shares during the period. Cardano Risk Management B.V. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $1,000,783,000. Wellington Management Group LLP raised its stake in Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock worth $784,330,000 after buying an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Advanced Micro Devices by 340.1% in the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock worth $1,016,796,000 after buying an additional 3,669,054 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 24,376 shares of the company's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. The trade was a 18.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 341,630 shares of company stock worth $152,147,456 over the last quarter. Corporate insiders own 0.50% of the company's stock.

More Advanced Micro Devices News

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

• Positive Sentiment: Wall Street remains constructive on AMD, with KeyCorp reiterating an Overweight rating and a $725 price target, while other firms like Erste Group also raised forward earnings estimates. This supports the view that AMD’s longer-term AI and data-center growth story remains intact. AMD analyst and earnings estimates
• Positive Sentiment: Investors are looking ahead to AMD’s Advancing AI 2026 event next week, where analysts expect new AI products, customer wins, and potentially major partnership news. Some reports say the event could include updates that improve sentiment around AMD’s AI opportunity and competitive position versus Nvidia. AMD Advancing AI event article
• Neutral Sentiment: AMD’s recent quarter showed strong fundamentals, with revenue up 37.8% year over year to about $10.3 billion. That provides a supportive backdrop, but it has not been enough to offset the market’s current risk-off mood toward chip stocks. AMD quarterly revenue background
• Negative Sentiment: Sentiment was also hurt by a report that Chief Technology Officer Mark Papermaster sold 6,000 shares, adding to an already heavy pattern of insider selling. Over the past six months, AMD insiders have made 100 open-market sales and no purchases, which can make some investors cautious. AMD insider sale article
• Negative Sentiment: Broader market coverage described AMD as part of a semiconductor rout, with traders taking profits after a strong run in AI stocks. That rotation is the main reason AMD shares are weaker today, even though the company’s long-term AI narrative remains intact. Chipmaker rout article

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Susquehanna raised their target price on Advanced Micro Devices from $375.00 to $450.00 and gave the company a "positive" rating in a research note on Wednesday, May 6th. Morgan Stanley upped their price target on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Royal Bank Of Canada raised their price objective on Advanced Micro Devices from $325.00 to $400.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 6th. Stifel Nicolaus boosted their target price on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the company a "buy" rating in a report on Friday, July 10th. Finally, Zacks Research downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $468.65.

Advanced Micro Devices Stock Down 1.0%

AMD stock opened at $495.76 on Friday. 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 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $808.39 billion, a PE ratio of 162.54, a price-to-earnings-growth ratio of 1.43 and a beta of 2.47. The business has a 50 day moving average of $503.89 and a 200 day moving average of $329.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company's revenue for the quarter was up 37.8% compared to the same quarter last year. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 6.26 EPS for the current fiscal year.

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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