Independence Bank of Kentucky Trims Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Independence Bank of Kentucky cut its AMD holdings by 12.8% in the second quarter, selling 3,012 shares and retaining 20,483 shares worth approximately $11.9 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 232,577 shares worth roughly $109.5 million over the past 90 days, although the reported executive transactions were conducted under pre-arranged Rule 10b5-1 plans.
• Despite some institutional and analyst support, AMD faces valuation and competitive concerns: the stock trades at a P/E of 117.26, while its AI growth prospects are being weighed against Nvidia’s stronger momentum and recent analyst downgrades.

Independence Bank of Kentucky trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,483 shares of the semiconductor manufacturer's stock after selling 3,012 shares during the quarter. Advanced Micro Devices comprises about 1.3% of Independence Bank of Kentucky's investment portfolio, making the stock its 14th biggest holding. Independence Bank of Kentucky's holdings in Advanced Micro Devices were worth $11,899,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Requisite Capital Management LLC boosted its position in shares of Advanced Micro Devices by 9.6% in the 2nd quarter. Requisite Capital Management LLC now owns 1,146 shares of the semiconductor manufacturer's stock worth $666,000 after purchasing an additional 100 shares in the last quarter. Midwest Professional Planners LTD. raised its stake in Advanced Micro Devices by 2.7% during the second quarter. Midwest Professional Planners LTD. now owns 26,424 shares of the semiconductor manufacturer's stock valued at $15,350,000 after buying an additional 688 shares during the last quarter. Vanguard Capital Wealth Advisors grew its stake in shares of Advanced Micro Devices by 4.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 1,520 shares of the semiconductor manufacturer's stock worth $883,000 after acquiring an additional 70 shares during the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 6.6% during the second quarter. Legacy Financial Advisors Inc. now owns 10,321 shares of the semiconductor manufacturer's stock valued at $5,996,000 after acquiring an additional 638 shares in the last quarter. Finally, Avant Capital LLC purchased a new position in shares of Advanced Micro Devices in the 2nd quarter worth about $418,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD’s role in AI infrastructure continues to expand. The company is contributing to the Linux Foundation’s TRACE project for verifiable AI governance, while Anjuna’s confidential-computing platform uses AMD Secure Encrypted Virtualization. These developments support AMD’s position in secure cloud and data-center AI. Why Is AMD Becoming More Important in Secure AI Infrastructure?
• Positive Sentiment: AMD is participating in ASUS’s expanded AI infrastructure ecosystem alongside Intel and other technology partners, potentially broadening its exposure to cloud, edge and enterprise AI deployments. ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge
• Positive Sentiment: Analysts and commentators continue to point to AMD’s data-center momentum, server-CPU opportunity and planned Saudi AI buildout with HUMAIN, which targets 250 megawatts from 2027 and as much as 1 gigawatt by 2030. Can AMD’s Saudi AI Buildout Challenge NVIDIA and Broadcom?
• Neutral Sentiment: Institutional positioning is mixed: Tiger Global recently opened an AMD position, while Stanley Druckenmiller reportedly selected AMD as an AI-chip challenger rather than buying Nvidia. These moves provide some validation but do not establish a near-term earnings catalyst.
• Negative Sentiment: ARK Invest disclosed sales of approximately $72.8 million of AMD shares while purchasing about $53 million of Nvidia stock. Additional reports say ARK has continued trimming AMD, reinforcing concerns that some investors prefer Nvidia’s growth and valuation profile. Cathie Wood Sold AMD and Bought Nvidia
• Negative Sentiment: AMD was downgraded by Zacks Research from “strong buy” to “hold.” Other commentary argues the stock’s sharp 2026 advance has already priced in substantial AI success; its high earnings multiple leaves less room for execution delays or disappointing guidance. Prediction: Nvidia Stock Will Outperform AMD Through 2028
• Negative Sentiment: Semiconductor shares remain vulnerable to higher interest rates, rising oil prices and Treasury yields. Broadcom’s softer guidance and margin concerns also weighed on the chip sector, while comparisons suggest Nvidia is growing faster and may offer a more attractive risk-reward profile. Broadcom Falls as Soft Guidance Overshadows AI Revenue Growth

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the sale, the executive vice president owned 373,317 shares in the company, valued at $171,707,154.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the company's stock in a transaction on 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 owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their position. 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 90 days, insiders sold 232,577 shares of company stock worth $109,509,170. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Tuesday, June 16th. Morgan Stanley increased their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Truist Financial raised their price target on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. TD Cowen restated a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $553.72.

Advanced Micro Devices Stock Performance

AMD opened at $456.16 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The firm has a market cap of $744.67 billion, a P/E ratio of 117.26, a PEG ratio of 4.73 and a beta of 2.48. The company has a 50 day simple moving average of $500.08 and a two-hundred day simple moving average of $392.68.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The firm 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 business's quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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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