Fischer Financial Services Inc. Makes New $1.89 Million Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Fischer Financial Services acquired a new $1.89 million AMD stake in the second quarter, purchasing 3,250 shares. Institutional investors collectively own 71.34% of AMD.
• AMD reported strong quarterly results, with EPS of $1.66 and revenue of $11.54 billion, while revenue increased 50.1% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $553.72.
• Investor sentiment is supported by AMD’s AI growth prospects, UCIe chiplet connectivity and major customer commitments, but risks include its elevated valuation, insider selling and substantial planned investment and debt financing for expansion.

Fischer Financial Services Inc. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,250 shares of the semiconductor manufacturer's stock, valued at approximately $1,888,000. Advanced Micro Devices accounts for about 0.5% of Fischer Financial Services Inc.'s portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ninepoint Partners LP acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $899,000. Tejara Capital Ltd acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at $2,905,000. Cannon Wealth Management Services LLC bought a new stake in Advanced Micro Devices during the 2nd quarter valued at $427,000. MJP Associates Inc. ADV increased its stake in Advanced Micro Devices by 34.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 3,915 shares of the semiconductor manufacturer's stock valued at $2,274,000 after purchasing an additional 1,003 shares in the last quarter. Finally, PCM Encore LLC raised its holdings in Advanced Micro Devices by 1.3% during the second quarter. PCM Encore LLC now owns 10,628 shares of the semiconductor manufacturer's stock worth $6,174,000 after buying an additional 136 shares during the last quarter. 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: Raymond James upgraded AMD to “Strong Buy,” citing improving AI accelerator prospects and potential for the stock to outperform. Other reports highlighted bullish price targets, including BMO Capital’s $550 target and expectations that AMD could continue narrowing NVIDIA’s competitive advantage. AMD Stock Gets Strong Buy Upgrade From Raymond James
• Positive Sentiment: AMD announced UCIe connectivity for its Versal adaptive SoCs, strengthening the company’s positioning in advanced chiplet and data-center designs. Investors viewed the update as supportive of AMD’s long-term AI and infrastructure strategy. AMD Stock Rallies on UCIe Chip Update
• Positive Sentiment: Reports emphasized large GPU commitments from customers including OpenAI and Meta, supporting the view that AMD is becoming a credible alternative to NVIDIA in AI infrastructure. Analysts also see continued strength in CPU demand as data centers become more compute-intensive. AMD Is Winning Nvidia Customers
• Neutral Sentiment: NVIDIA’s earnings on August 26 are a near-term catalyst for AMD and the entire semiconductor sector. Strong AI demand and guidance could lift AMD, while any signs of slowing accelerator spending could pressure the shares. NVIDIA Earnings Could Move AI Stocks
• Negative Sentiment: Some analysts remain cautious, arguing that AMD’s elevated valuation leaves less room for execution disappointments. Repeated insider selling—particularly by CEO Lisa Su and other executives—also raises concerns about profit-taking after the stock’s substantial year-to-date advance. AMD More Downside Risks
• Negative Sentiment: AMD’s planned investment of more than $10 billion in Taiwan advanced packaging and its recent $4.75 billion debt offering increase capacity for AI growth but could weigh on near-term cash flow, leverage, and margins. AMD Debt Raise and Taiwan AI Push

Advanced Micro Devices Stock Up 4.9%

AMD opened at $479.18 on Wednesday. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The firm has a market capitalization of $782.25 billion, a P/E ratio of 123.18 and a beta of 2.48. The company's 50-day moving average is $509.02 and its 200 day moving average is $379.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

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 analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm's quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Argus upped their target price on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Evercore reaffirmed an "outperform" rating and issued a $579.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. HSBC downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and lifted their price target for the company from $335.00 to $340.00 in a research note on Monday, May 4th. Finally, Mizuho boosted their price objective on Advanced Micro Devices from $615.00 to $625.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $553.72.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 28,811 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 15,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares of the company's stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 210,763 shares of company stock valued at $99,912,107 over the last quarter. Corporate insiders own 0.50% of the company's stock.

About Advanced Micro Devices

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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