Greg Jennings LLC Makes New $8.99 Million Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Greg Jennings LLC acquired a new $8.99 million AMD stake totaling 14,702 shares, representing about 6.1% of the fund’s portfolio and its third-largest holding. Institutional investors and hedge funds collectively own 71.34% of AMD.
• Analysts remain broadly bullish: AMD has a “Moderate Buy” consensus rating and an average price target of $603.51, with recent targets reaching as high as $800.
• AMD reported quarterly revenue growth of 50.1% and exceeded earnings estimates, but its elevated valuation— including a P/E ratio above 111—leaves the stock sensitive to execution, margin and AI-spending risks.

Greg Jennings LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,702 shares of the semiconductor manufacturer's stock, valued at approximately $8,994,000. Advanced Micro Devices accounts for approximately 6.1% of Greg Jennings LLC's holdings, making the stock its 3rd largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Southpoint Capital Advisors LP increased its position in shares of Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter valued at $1,193,000. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after acquiring an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Advanced Micro Devices by 6,968.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock valued at $85,995,000 after acquiring an additional 138,328 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its holdings in shares of Advanced Micro Devices by 2,748.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock valued at $52,582,000 after acquiring an additional 82,934 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMD shares. DA Davidson upped their price target on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Piper Sandler started coverage on Advanced Micro Devices in a research report on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 price objective on the stock. Raymond James Financial raised Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and raised their price objective for the company from $565.00 to $641.00 in a research report on Tuesday, August 25th. Zacks Research cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 1st. Finally, Citigroup raised their target price on Advanced Micro Devices from $575.00 to $800.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $603.51.

Advanced Micro Devices Price Performance

AMD opened at $538.05 on Tuesday. The company has a fifty day simple moving average of $538.39 and a 200 day simple moving average of $476.52. The firm has a market cap of $878.35 billion, a price-to-earnings ratio of 111.08, a PEG ratio of 5.43 and a beta of 2.45. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm's quarterly revenue was up 50.1% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.49 EPS for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Analyst bullishness and AI opportunity: TD Cowen reiterated a Buy rating and a $675 price target, citing potential growth in agentic AI that could lift AMD’s CPU sales by roughly 70% next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Strong earnings expectations: AMD is expected to report third-quarter revenue of approximately $13 billion, representing about 41% year-over-year growth. The company has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism ahead of the expected November 3 report. AMD Stock Is Up Over 140% This Year
• Positive Sentiment: Sector-wide recovery: AMD benefited from dip-buying after an eight-session semiconductor selloff, with falling oil prices and a broader rebound in technology shares adding support. Institutional positioning in leveraged semiconductor funds also suggests some investors view the pullback as temporary. Why Are Intel and AMD Stocks Rising on Monday?
• Positive Sentiment: Long-term growth case: Coverage continues to highlight AMD’s exposure to data-center infrastructure, AI accelerators, PCs and gaming. AMD is also viewed as more diversified than Nvidia, potentially providing some resilience if data-center spending slows. Nvidia vs. AMD: Which Business Is More Exposed to a Data-Center Slowdown?
• Neutral Sentiment: Insider transaction: Executive Vice President Forrest Norrod sold 17,262 shares worth approximately $9.3 million under a pre-arranged Rule 10b5-1 plan. He still retained 353,317 shares, making the transaction a limited sentiment signal rather than a clear change in company outlook.
• Negative Sentiment: Valuation and profit sensitivity: A Seeking Alpha analysis downgraded AMD, arguing that the stock no longer merits an “underdog” valuation after its substantial rally. With a reported P/E ratio above 138, further gains depend on rapid execution and earnings growth. AMD Downgrade Analysis
• Negative Sentiment: Trading pressure and AI-cycle risks: ETFs were net sellers of AMD shares, while analysts have warned that leveraged AI financing, margin compression and delayed data-center projects could amplify volatility if AI spending weakens.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark Papermaster sold 28,811 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal 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 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 value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Company Profile

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

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

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