Hollencrest Capital Management Acquires 6,671 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Hollencrest Capital Management increased its AMD stake by 168% in the second quarter, acquiring 6,671 additional shares and ending with 10,642 shares valued at approximately $6.18 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported strong operating momentum, with quarterly revenue rising 50.1% year over year to $11.54 billion and EPS of $1.66, exceeding analyst expectations. Its AI infrastructure is also now serving customers in Saudi Arabia, with plans for substantial additional capacity.
• Despite a consensus “Moderate Buy” rating and a $553.72 price target, valuation and competitive risks remain: AMD trades at a P/E ratio above 118, while analysts cite Nvidia competition, export controls, higher bond yields and recent insider selling as potential headwinds.

Hollencrest Capital Management lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 168.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,642 shares of the semiconductor manufacturer's stock after buying an additional 6,671 shares during the quarter. Hollencrest Capital Management's holdings in Advanced Micro Devices were worth $6,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Greenleaf Trust grew its holdings in Advanced Micro Devices by 5.1% during the 2nd quarter. Greenleaf Trust now owns 37,115 shares of the semiconductor manufacturer's stock worth $21,560,000 after acquiring an additional 1,816 shares during the last quarter. Delta Asset Management LLC TN raised its stake in shares of Advanced Micro Devices by 1.5% in the second quarter. Delta Asset Management LLC TN now owns 1,497 shares of the semiconductor manufacturer's stock worth $870,000 after acquiring an additional 22 shares during the last quarter. Trustmark Bank Trust Department bought a new position in shares of Advanced Micro Devices in the second quarter worth about $566,000. Washington Trust Bank lifted its position in shares of Advanced Micro Devices by 326.6% during the second quarter. Washington Trust Bank now owns 30,072 shares of the semiconductor manufacturer's stock worth $17,469,000 after purchasing an additional 23,022 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its stake in shares of Advanced Micro Devices by 10.6% during the second quarter. New Mexico Educational Retirement Board now owns 81,150 shares of the semiconductor manufacturer's stock valued at $47,141,000 after purchasing an additional 7,800 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD, Cisco and HUMAIN said AMD Instinct MI355X-based AI infrastructure is now live and serving customers in Saudi Arabia. The partners plan up to 250 megawatts of additional capacity beginning in 2027, potentially scaling to 1 gigawatt by 2030. The deployment provides tangible evidence of commercial AI demand for AMD’s GPUs and CPUs. AMD's Instinct Systems Are Now Live in Saudi Arabia
• Positive Sentiment: Analysts remain broadly constructive, with a reported median price target of $490 and several targets above $600. Recent commentary also highlights AMD’s strong AI growth prospects and the possibility that optimization advances could make AMD-based inference systems more competitive with Nvidia’s offerings. AMD Stock Is Up 115% YTD
• Neutral Sentiment: AMD’s recent results remain a fundamental support: quarterly revenue rose about 50% year over year to $11.5 billion and exceeded expectations. However, investors are weighing that growth against a high valuation after the stock’s substantial advance.
• Negative Sentiment: A global bond selloff pushed long-term yields higher, pressuring high-multiple technology and semiconductor stocks. AMD declined alongside Nvidia, Intel and other chipmakers, indicating sector-wide risk reduction rather than a company-specific setback. Semiconductor Stocks Slide as Yields Rise
• Negative Sentiment: Valuation concerns are intensifying. Analysts question how much upside remains after AMD’s rapid rally, while tightening export controls and competition from Nvidia’s expanding edge-to-cloud ecosystem could limit future gains. AMD: There's Little Upside Here
• Negative Sentiment: ARK Invest reportedly sold tens of millions of dollars of AMD shares while reallocating capital toward Nvidia and Broadcom. The move may reinforce short-term profit-taking concerns, although it represents one fund’s portfolio decision rather than a change in AMD’s fundamentals. Cathie Wood Sells AMD and Buys Another Chip Stock

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president owned 26,623 shares in the company, valued at approximately $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 17,261 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $459.95, for a total value of $7,939,196.95. Following the transaction, the executive vice president owned 373,317 shares in the company, valued at approximately $171,707,154.15. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,577 shares of company stock valued at $109,509,170 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Monday, June 15th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Loop Capital raised Advanced Micro Devices to a "strong-buy" rating in a research note on Tuesday, June 16th. Oppenheimer downgraded Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley upped their price target on Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Four investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $553.72.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $459.61 on Wednesday. The firm's 50 day moving average price is $502.84 and its two-hundred day moving average price is $389.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The stock has a market cap of $750.30 billion, a PE ratio of 118.15, a PEG ratio of 4.87 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during 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 business's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Advanced Micro Devices 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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