Glynn Capital Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 45,100.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,860 shares of the semiconductor manufacturer's stock after purchasing an additional 24,805 shares during the period. Advanced Micro Devices comprises approximately 4.0% of Glynn Capital Management LLC's holdings, making the stock its 8th largest holding. Glynn Capital Management LLC's holdings in Advanced Micro Devices were worth $14,441,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Southpoint Capital Advisors LP raised its holdings in Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after purchasing an additional 300,000 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock valued at $65,966,000 after buying an additional 303,154 shares during the period. Boomfish Wealth Group LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $1,193,000. Dimensional Fund Advisors LP raised its stake in 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. Finally, Williamson Legacy Group LLC bought a new position in Advanced Micro Devices in the fourth quarter worth about $1,118,000. Institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Stock Performance
Shares of AMD opened at $514.39 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The stock has a market cap of $839.73 billion, a P/E ratio of 132.23 and a beta of 2.48. The business's 50 day moving average price is $511.77 and its 200-day moving average price is $368.29. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have weighed in on AMD. Barclays cut Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research report on Friday, June 12th. The Goldman Sachs Group raised their target price on Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Wedbush reiterated an "outperform" rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Roth Capital raised their price objective on Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $546.87.
Read Our Latest Stock Analysis on AMD
Insider Transactions at Advanced Micro Devices
In other news, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ava Hahn sold 143 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $474.75, for a total value of $67,889.25. Following the completion of the transaction, the senior vice president directly owned 17,644 shares of the company's stock, valued at approximately $8,376,489. This represents a 0.80% 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 sold 161,077 shares of company stock valued at $74,732,145. 0.50% of the stock is currently owned by corporate insiders.
Key Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Baird issued a highly bullish $1,250 price target, reinforcing the view that AMD’s AI accelerator and data-center businesses could expand substantially. Broadcom Sinks as AMD Climbs on Baird’s Call
- Positive Sentiment: AMD announced day-one support for the Qwen3.8 27B AI model, a development that may improve adoption of its chips and software among AI developers and data-center customers. AMD Supports Qwen3.8 27B AI Model
- Positive Sentiment: Bank of America raised its 2030 server-CPU market forecast to more than $210 billion from roughly $170 billion, citing demand from AI agents. AMD was identified as one of the bank’s preferred semiconductor investments. Bank of America Raises AI Chip Forecast
- Positive Sentiment: AMD is preparing a record bond offering of up to $5 billion to finance AI infrastructure, partnerships and other corporate needs. The funding could support its Helios platform and large customer commitments, including from Microsoft and AI companies. AMD Plans $5 Billion Bond Sale
- Neutral Sentiment: Institutional activity was mixed: Mirova disclosed a new AMD position worth approximately $145 million, while other funds reported reductions. Because these filings reflect holdings as of June 30, they provide limited insight into current positioning. Mirova Opens AMD Position
- Negative Sentiment: Risks include AMD’s demanding valuation, the added leverage from the bond sale and competitive pressure after reports that SpaceX plans to use Nvidia chips exclusively. Recent insider trading data also shows selling, although the reported sale by SVP Ava Hahn was made under a prearranged Rule 10b5-1 plan. SpaceX Selects Nvidia Exclusively
Advanced Micro Devices Company Profile
(
Free Report)
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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