Glynn Capital Management LLC Decreases Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Glynn Capital Management cut its AMD stake by 27.4% in the third quarter, selling 6,811 shares and retaining 18,049 shares valued at approximately $11.0 million. AMD remains about 3.2% of the firm's portfolio, while institutional investors own 71.34% of the stock.
• AMD reported quarterly revenue of $11.54 billion and adjusted earnings of $1.66 per share, exceeding analyst estimates, with revenue up 50.1% year over year. Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $576.88.
• Strong demand for AI chips and data-center products is supporting AMD’s outlook, but the stock’s valuation—above a $1 trillion market capitalization and a P/E ratio near 167—leaves it exposed to volatility if growth, supply or product execution disappoints.

Glynn Capital Management LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,049 shares of the semiconductor manufacturer's stock after selling 6,811 shares during the period. Advanced Micro Devices makes up about 3.2% of Glynn Capital Management LLC's holdings, making the stock its 14th biggest holding. Glynn Capital Management LLC's holdings in Advanced Micro Devices were worth $11,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. JNBA Financial Advisors grew its position in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 30 shares during the last quarter. Graney & King LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $31,000. Main Street Group LTD bought a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $33,000. Finally, Private Wealth Management Group LLC lifted its stake in Advanced Micro Devices by 24.8% in the first quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer's stock worth $41,000 after acquiring an additional 40 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Up 2.8%

Advanced Micro Devices stock opened at $649.42 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The company has a market cap of $1.06 trillion, a P/E ratio of 166.95, a P/E/G ratio of 6.55 and a beta of 2.45. 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 business has a 50-day simple moving average of $519.28 and a two-hundred day simple moving average of $452.34.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share 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 analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company's revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Analysts raised price targets: Citigroup lifted its target to $800 from $575, Mizuho increased its target to $705 from $580, and BNP Paribas raised its target to $960 from $600. The upgrades reflect expectations that agentic AI and expanding computing workloads will boost demand for AMD’s CPUs and data-center products. Citigroup AMD price target article
• Positive Sentiment: AI demand outlook remains strong: CEO Lisa Su said demand for AI chips should remain “very high” for years and that AMD plans to substantially increase supply in 2027. The company is working with suppliers in Taiwan and South Korea to secure additional wafer and memory capacity, which could allow it to capture more data-center and AI-inference sales. Reuters AMD supply article
• Positive Sentiment: Meta’s Muse is viewed as a catalyst: Analysts said Meta’s AI-agent initiative could require substantial computing, memory and networking resources, benefiting AMD as demand expands beyond traditional chatbot infrastructure. Investors are also encouraged by AMD’s rapidly growing data-center business and expectations for continued earnings growth. Investopedia Meta Muse AMD article
• Neutral Sentiment: AMD announced that it will release fiscal third-quarter 2026 results after the market close on November 3, followed by a conference call. The report will be an important test of AI-chip sales, data-center growth, margins and the company’s forward supply outlook. AMD earnings announcement
• Negative Sentiment: Valuation raises execution risk: With AMD valued above $1 trillion and trading at a very high earnings multiple, the stock appears priced for significant AI growth. Any supply constraints, weaker-than-expected earnings or delays in new AI products could trigger volatility. Analysts also noted a wide range of price targets, highlighting disagreement about the sustainability of the rally.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMD shares. Mizuho boosted their price objective on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the company an "outperform" rating in a research report on Tuesday. Melius Research set a $660.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. Sanford C. Bernstein reiterated an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Truist Financial raised their price objective on Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $576.88.

Insider Transactions at Advanced Micro Devices

In other news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares of the company's stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the business's 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 transaction, the executive vice president owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. This trade represents 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. Over the last three months, insiders have sold 213,838 shares of company stock valued at $105,533,836. Company insiders own 0.50% of the company's stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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