Insight Holdings Group LLC Purchases New Shares in Advanced Micro Devices, Inc. $AMD

Key Points

• Insight Holdings Group LLC initiated a new position in AMD during the fourth quarter, buying 16,585 shares worth about $3.55 million. The stake represents roughly 0.3% of the firm’s portfolio and its 27th largest holding.
• AMD continues to draw heavy Wall Street and institutional interest, with analysts largely bullish and the stock 71.34% owned by institutions and hedge funds. Recent notes included upgrades from Citi and Bank of America, alongside price targets as high as $600.
• The company also posted strong quarterly results, beating estimates with $1.37 EPS on $10.25 billion in revenue, up 37.8% year over year. Shares were trading near $512.48, close to their 52-week high of $558.37.

Insight Holdings Group LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,585 shares of the semiconductor manufacturer's stock, valued at approximately $3,552,000. Advanced Micro Devices makes up approximately 0.3% of Insight Holdings Group LLC's portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. James J. Burns & Company LLC grew its stake in shares of Advanced Micro Devices by 2.3% in the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer's stock valued at $389,000 after acquiring an additional 40 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 0.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer's stock valued at $1,052,000 after acquiring an additional 43 shares in the last quarter. Willis Johnson & Associates Inc. grew its stake in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer's stock valued at $493,000 after acquiring an additional 44 shares in the last quarter. Smith Moore & CO. grew its stake in shares of Advanced Micro Devices by 1.1% in the third quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer's stock valued at $641,000 after acquiring an additional 45 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its stake in shares of Advanced Micro Devices by 3.2% in the fourth quarter. Spirepoint Private Client LLC now owns 1,432 shares of the semiconductor manufacturer's stock valued at $307,000 after acquiring an additional 45 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD signed a definitive agreement with Rackspace to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, strengthening AMD’s enterprise AI growth story. Article Title
• Positive Sentiment: Citi raised AMD to Buy and lifted its target to $575, citing major GPU sales potential at Meta and a booming agentic AI server CPU market. Article Title
• Positive Sentiment: Bernstein’s “CPU renaissance” note and related price-target hikes reinforced expectations for stronger data-center CPU demand, with AMD seen as a key beneficiary. Article Title
• Positive Sentiment: AMD’s move to address AI memory bottlenecks with its MEXT acquisition and other ecosystem efforts supports the company’s long-term AI platform strategy. Article Title
• Neutral Sentiment: EVP Mark D. Papermaster sold 6,000 shares under a pre-arranged 10b5-1 plan; this is notable but less likely to change the business outlook. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMD shares. Sanford C. Bernstein set a $600.00 price objective on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Wednesday. Cantor Fitzgerald increased their price objective on shares of Advanced Micro Devices to $500.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 3rd. Bank of America increased their price objective on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Finally, Truist Financial set a $478.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $430.68.

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 24,376 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares of the company's stock, valued at approximately $140,000,947.80. This trade represents a 5.66% 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. Insiders have sold 378,032 shares of company stock worth $161,876,596 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 1.0%

AMD stock opened at $512.48 on Thursday. The stock has a market capitalization of $835.65 billion, a P/E ratio of 168.03, a price-to-earnings-growth ratio of 1.48 and a beta of 2.50. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 12 month low of $125.77 and a 12 month high of $558.37. The firm has a 50-day moving average price of $404.65 and a 200-day moving average price of $281.16.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS 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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