Jones Financial Companies Lllp Increases Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Jones Financial Companies increased its AMD stake by 15.4% in the second quarter, adding 200,986 shares to own 1.51 million shares worth approximately $876,000. 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. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $553.72.
• AMD insiders sold shares during the quarter, including two executives who sold a combined roughly $21.5 million under pre-arranged Rule 10b5-1 plans. The stock opened at $465.58, down 2.3%, while concerns over valuation, tariffs and competition temper the otherwise positive AI-growth outlook.

Jones Financial Companies Lllp grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,508,092 shares of the semiconductor manufacturer's stock after acquiring an additional 200,986 shares during the period. Jones Financial Companies Lllp owned about 0.09% of Advanced Micro Devices worth $876,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $4,929,312,000. Cardano Risk Management B.V. purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $1,000,783,000. BlackRock Inc. grew its holdings in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Advanced Micro Devices by 340.1% in the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after buying an additional 3,669,054 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 28,811 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were 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 owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. The sale was disclosed in a legal 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 stock in a transaction dated 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 completion of the sale, the executive vice president owned 373,317 shares of the company's stock, valued at approximately $171,707,154.15. The trade was 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. In the last quarter, insiders sold 241,203 shares of company stock valued at $114,011,942. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Down 2.3%

NASDAQ AMD opened at $465.58 on Friday. The business has a fifty day moving average price of $505.66 and a 200 day moving average price of $384.43. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company has a market cap of $760.05 billion, a P/E ratio of 119.69 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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 company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The firm's quarterly revenue was up 50.1% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Truist Financial increased their target price 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. Raymond James Financial upgraded shares of Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $565.00 to $641.00 in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Four equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $553.72.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

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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