Envestnet Portfolio Solutions Inc. Increases Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Envestnet Portfolio Solutions increased its AMD stake by 37.5% in the second quarter, owning 22,826 shares valued at approximately $13.45 million. Institutional investors collectively hold 71.34% of AMD’s stock.
• Analysts remain broadly bullish, with AMD receiving a consensus “Moderate Buy” rating and an average price target of $565.12. Recent targets range from $450 to $700.
• AMD reported strong quarterly results, including $1.66 in adjusted EPS and $11.54 billion in revenue, up 50.1% year over year. However, the stock’s elevated valuation and recent insider selling highlight potential near-term risks.

Envestnet Portfolio Solutions Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 37.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,826 shares of the semiconductor manufacturer's stock after purchasing an additional 6,227 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Advanced Micro Devices were worth $13,445,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Southpoint Capital Advisors LP boosted its holdings in shares of Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after purchasing an additional 300,000 shares during the last quarter. Boomfish Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter worth about $1,193,000. Dimensional Fund Advisors LP lifted its position in shares of Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after buying an additional 291,165 shares in the last quarter. Williamson Legacy Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $1,118,000. Finally, Thoroughbred Financial Services LLC boosted its stake in Advanced Micro Devices by 8.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer's stock valued at $7,030,000 after buying an additional 2,654 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. Wolfe Research set a $450.00 target price on shares of Advanced Micro Devices and gave the company an "outperform" rating in a report on Monday, June 15th. Cantor Fitzgerald reiterated an "overweight" rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Piper Sandler initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price objective for the company. Mizuho boosted their target price on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $565.12.

Advanced Micro Devices Stock Performance

AMD stock opened at $614.61 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $154.78 and a twelve month high of $624.69. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 158.00, a PEG ratio of 6.47 and a beta of 2.48. The business's fifty day simple moving average is $499.09 and its two-hundred day simple moving average is $425.36. 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 earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the sale, the chief executive officer owned 74,211 shares in the company, valued at approximately $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. The trade was a 2.23% 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. Insiders sold 213,838 shares of company stock worth $105,533,836 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AI infrastructure growth is strengthening the bull case. AMD recently surpassed a $1 trillion market capitalization after a sharp rally fueled by expanding data-center deployments, reported 107% year-over-year data-center revenue growth, and optimism that agentic AI will drive demand for both EPYC CPUs and Instinct accelerators. CEO Lisa Su has suggested that the demand wave for CPUs and AI systems is still in its early stages. CPUs Are Hot Again: AMD’s Lisa Su Says the Real Demand Wave Hasn’t Even Started
• Positive Sentiment: Investors increasingly view AMD as more than an Nvidia alternative. Coverage highlights the company’s broader AI-computing platform, spanning CPUs, GPUs, networking and rack-scale systems. Expected growth in AI inference and potential opportunities tied to Meta’s AI initiatives, OpenAI and Oracle are supporting bullish long-term forecasts, with some strategists projecting additional upside. AMD Chips Away at NVIDIA's AI Throne
• Neutral Sentiment: The $1 trillion milestone is a major validation but raises the bar. AMD became the fourth U.S. chipmaker to reach that valuation, following a year-to-date gain of roughly 187% and a much larger one-year increase. The milestone may attract further institutional interest, while also prompting debate over whether the rally has moved ahead of fundamentals. AMD Becomes the 14th Company to Cross $1 Trillion in Market Cap
• Negative Sentiment: Profit-taking and macroeconomic pressure are driving the near-term pullback. AMD is attempting to end a six-session winning streak after the broader market paused following a four-day advance. Rising oil prices and Treasury yields have pressured high-growth technology stocks, while traders have locked in gains after AMD’s recent surge.
• Negative Sentiment: Valuation and technical risks are becoming more prominent. Analysts warn that AMD’s elevated earnings multiple, overbought conditions and options-related buying may limit further short-term gains. Some coverage favors Nvidia or semiconductor ETFs, arguing that AMD’s expectations now leave less room for execution mistakes. AMD At $1 Trillion: Gamma Squeeze Unlikely to Last Forever

Advanced Micro Devices Company 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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