Leuthold Group LLC Increases Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Leuthold Group increased its AMD position by 136.7% in the second quarter, holding 18,545 shares valued at approximately $10.8 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported strong quarterly results, with revenue up 50.1% year over year to $11.54 billion and EPS of $1.66, exceeding analyst estimates. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $546.87.
• Investor enthusiasm is centered on AMD’s AI and data-center expansion, including Qwen3.8 support and a potential $5 billion bond offering, though its high valuation, increased leverage and competition from Nvidia remain risks.

Leuthold Group LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 136.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,545 shares of the semiconductor manufacturer's stock after purchasing an additional 10,709 shares during the period. Advanced Micro Devices comprises approximately 1.1% of Leuthold Group LLC's investment portfolio, making the stock its 20th largest holding. Leuthold Group LLC's holdings in Advanced Micro Devices were worth $10,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. First National Bank of Hutchinson increased its holdings in Advanced Micro Devices by 0.4% during the second quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock worth $3,276,000 after buying an additional 22 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Advanced Micro Devices by 12.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer's stock valued at $43,000 after acquiring an additional 24 shares during the last quarter. Trust Co of the South grew its position in shares of Advanced Micro Devices by 1.5% during the 2nd quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer's stock valued at $1,014,000 after acquiring an additional 25 shares during the period. Beaird Harris Wealth Management LLC grew its position in shares of Advanced Micro Devices by 9.4% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer's stock valued at $169,000 after acquiring an additional 25 shares during the period. Finally, Veery Capital LLC increased its stake in shares of Advanced Micro Devices by 1.0% during the 2nd quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer's stock worth $1,622,000 after purchasing an additional 27 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Advanced Micro Devices News

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

• Positive Sentiment: Baird issued a highly bullish $1,250 price target, reinforcing the view that AMD’s AI accelerator and data-center businesses could expand substantially. Broadcom Sinks as AMD Climbs on Baird’s Call
• Positive Sentiment: AMD announced day-one support for the Qwen3.8 27B AI model, a development that may improve adoption of its chips and software among AI developers and data-center customers. AMD Supports Qwen3.8 27B AI Model
• Positive Sentiment: Bank of America raised its 2030 server-CPU market forecast to more than $210 billion from roughly $170 billion, citing demand from AI agents. AMD was identified as one of the bank’s preferred semiconductor investments. Bank of America Raises AI Chip Forecast
• Positive Sentiment: AMD is preparing a record bond offering of up to $5 billion to finance AI infrastructure, partnerships and other corporate needs. The funding could support its Helios platform and large customer commitments, including from Microsoft and AI companies. AMD Plans $5 Billion Bond Sale
• Neutral Sentiment: Institutional activity was mixed: Mirova disclosed a new AMD position worth approximately $145 million, while other funds reported reductions. Because these filings reflect holdings as of June 30, they provide limited insight into current positioning. Mirova Opens AMD Position
• Negative Sentiment: Risks include AMD’s demanding valuation, the added leverage from the bond sale and competitive pressure after reports that SpaceX plans to use Nvidia chips exclusively. Recent insider trading data also shows selling, although the reported sale by SVP Ava Hahn was made under a prearranged Rule 10b5-1 plan. SpaceX Selects Nvidia Exclusively

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. BTIG Research raised shares of Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the company an "outperform" rating in a report on Monday, June 15th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Needham & Company LLC upgraded Advanced Micro Devices to a "buy" rating in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $546.87.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares of the company's stock, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 161,077 shares of company stock valued at $74,732,145 in the last 90 days. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Up 6.5%

AMD opened at $514.39 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a market cap of $839.73 billion, a PE ratio of 132.23 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $511.77 and a 200 day moving average of $367.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for 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 firm posted $0.48 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current 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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