Massachusetts Financial Services Co. MA Has $1.36 Billion Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Massachusetts Financial Services increased its AMD position by 301.1% in the second quarter, adding 1.74 million shares to hold 2.32 million shares worth approximately $1.36 billion. Institutional investors collectively own 71.34% of AMD.
• Analysts maintain a generally positive outlook, with AMD receiving a “Moderate Buy” consensus rating and an average price target of $546.87, despite some downgrades including Barclays’ move to “underweight.”
• AMD exceeded quarterly expectations with $1.66 in adjusted EPS and $11.54 billion in revenue, up 50.1% year over year. However, the stock’s elevated valuation and recent insider selling remain potential risks.

Massachusetts Financial Services Co. MA boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 301.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,321,366 shares of the semiconductor manufacturer's stock after buying an additional 1,742,587 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.14% of Advanced Micro Devices worth $1,355,092,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AMD. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $27,000. Cornerstone Financial Management LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Basepoint Wealth LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Finally, Graney & King LLC bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $31,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AMD. TD Cowen reiterated a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Raymond James Financial assumed coverage on shares of Advanced Micro Devices in a report on Wednesday, May 6th. They set a "market perform" rating on the stock. Needham & Company LLC raised shares of Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Finally, Barclays cut shares of Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research note on Friday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $546.87.

Advanced Micro Devices Stock Up 6.5%

Shares of NASDAQ AMD opened at $514.39 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week 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 business has a fifty day moving average of $511.77 and a two-hundred day moving average of $367.48. The stock has a market cap of $839.73 billion, a PE ratio of 132.23 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 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices's revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Advanced Micro Devices News Roundup

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

Insider Transactions at Advanced Micro Devices

In related 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 161,077 shares of company stock worth $74,732,145. Corporate insiders own 0.50% of the company's stock.

About Advanced Micro Devices

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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