Evanson Financial LLC Purchases New Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Evanson Financial purchased 12,883 AMD shares worth approximately $7.5 million in the second quarter, while institutional investors collectively own 71.34% of the company.
• AMD reported strong second-quarter results, with revenue rising 50% year over year to $11.54 billion and data-center revenue more than doubling to about $6.7 billion. The company also agreed to acquire AI-inference chip developer Taalas, strengthening its AI strategy.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $542.53, though AMD faces risks from its high valuation, Nvidia’s dominant AI ecosystem and recent insider selling.

Evanson Financial LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,883 shares of the semiconductor manufacturer's stock, valued at approximately $7,484,000.

A number of other hedge funds also recently modified their holdings of the company. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $27,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices in the fourth quarter worth about $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Graney & King LLC bought a new position in Advanced Micro Devices during the first quarter worth about $31,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD agreed to acquire Taalas, a developer of specialized AI inference chips, for an undisclosed amount. Taalas’ technology is designed to reduce computing and memory bottlenecks and could improve inference speed and efficiency when combined with AMD Instinct GPUs. The deal strengthens AMD’s strategy as AI demand shifts from model training toward high-volume, real-time inference. AMD deepens AI inference bet with Taalas deal
• Positive Sentiment: Analysts continued raising their valuation targets after AMD’s strong second-quarter performance. Rosenblatt lifted its target to $700 and maintained a Buy rating, adding to bullish targets from firms including Jefferies, Truist, Cantor Fitzgerald and Wedbush. AMD analyst price target update
• Positive Sentiment: AMD reported quarterly revenue of $11.54 billion, up 50% year over year, while data-center revenue more than doubled to approximately $6.7 billion. Management also expects data-center revenue to more than double in 2027, supported by Helios and expanding AI infrastructure demand.
• Neutral Sentiment: The broader AI semiconductor trade remains supportive, but Nvidia’s software and engineering-tool expansion highlights the competitive challenge AMD faces in building a complete AI ecosystem. Nvidia bets on design tools while AMD scales hardware
• Negative Sentiment: Risks remain from AMD’s demanding valuation, muted margin expectations and Nvidia’s dominant market position. SpaceX’s decision to use Nvidia chips exclusively has also reinforced concerns about AMD’s ability to win major AI customers.

Insiders Place Their Bets

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president directly owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This represents a 0.48% 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. In the last 90 days, insiders have sold 285,934 shares of company stock worth $130,353,006. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $489.28 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The company has a 50 day moving average of $515.22 and a 200-day moving average of $358.23. The company has a current ratio of 2.61, a quick ratio of 1.96 and a debt-to-equity ratio of 0.03. The firm has a market cap of $797.82 billion, a price-to-earnings ratio of 125.78 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping 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%.Advanced Micro Devices's revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Advanced Micro Devices from $450.00 to $635.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Rosenblatt Securities raised their target price on Advanced Micro Devices from $665.00 to $700.00 and gave the stock a "buy" rating in a research report on Thursday. KeyCorp set a $650.00 price target on Advanced Micro Devices in a research note on Wednesday. BTIG Research upgraded Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $542.53.

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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