Miramontes Capital LLC Buys Shares of 1,307 Advanced Micro Devices, Inc. $AMD

Key Points

• Miramontes Capital initiated a position in AMD by purchasing 1,307 shares valued at approximately $759,000. Institutional investors collectively own 71.34% of the company, with several other funds also increasing or initiating positions.
• AMD reported strong quarterly results, with earnings of $1.66 per share and revenue of $11.54 billion, representing 50.1% year-over-year growth and exceeding analyst expectations.
• Analysts maintain a broadly positive outlook, giving AMD a consensus “Moderate Buy” rating and an average price target of $565.12. However, elevated valuation and recent insider selling remain notable risks.

Miramontes Capital LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,307 shares of the semiconductor manufacturer's stock, valued at approximately $759,000.

Several other hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in Advanced Micro Devices by 41.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,967,717 shares of the semiconductor manufacturer's stock valued at $1,143,066,000 after purchasing an additional 576,856 shares in the last quarter. Capstone Financial Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 53.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,764 shares of the semiconductor manufacturer's stock worth $2,187,000 after buying an additional 1,317 shares during the last quarter. Tortoise Investment Management LLC acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth about $473,000. Sequoia Financial Advisors LLC grew its holdings in shares of Advanced Micro Devices by 5.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 71,085 shares of the semiconductor manufacturer's stock valued at $41,294,000 after acquiring an additional 3,732 shares in the last quarter. Finally, Dragoneer Investment Group LLC bought a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $548,371,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $521.09 on Thursday. 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 market capitalization of $850.66 billion, a P/E ratio of 133.96, a P/E/G ratio of 5.24 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12 month low of $149.85 and a 12 month high of $584.73. The stock has a 50 day moving average of $496.07 and a 200-day moving average of $400.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The firm's revenue for the quarter was up 50.1% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AI market opportunity raised: CFO Jean Hu told investors at Citi’s 2026 Global TMT Conference that AMD’s addressable AI market could reach approximately $3 trillion by 2030, up from an earlier estimate near $2 trillion. The company also expects its data-center business to double in 2027, strengthening the long-term growth narrative. Why is AMD stock surging 3% today
• Positive Sentiment: Analyst and institutional support: The expanded AI outlook prompted higher price targets, including a reported $710 target from CLSA. Bank of America also identified AMD and Micron as beneficiaries of shifting semiconductor investment, while recent filings indicate substantial additions by large institutional investors. AMD Stock Surges on AI Market Forecast
• Positive Sentiment: Technical momentum improved: AMD was named IBD Stock of the Day after moving above an early buy point, suggesting that renewed investor demand is reinforcing the fundamental AI story. AMD Regains Investor Favor
• Neutral Sentiment: Execution remains critical: Analysts view AMD’s AI opportunity as substantial, but the company must secure adequate chip supply, execute its data-center roadmap and compete effectively with Nvidia and other custom-AI-chip providers. AMD’s AI Opportunity Raises the Stakes
• Negative Sentiment: Valuation and selling pressure are risks: AMD’s elevated valuation leaves limited room for execution disappointments. ARK Invest has recently reduced its AMD position, and reported insider transactions have consisted of sales rather than purchases. Cathie Wood Sheds More AMD

Insider Activity at Advanced Micro Devices

In related news, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices 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. The trade was a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest 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 transaction, the executive vice president directly owned 373,317 shares in the company, valued at approximately $171,707,154.15. This represents a 4.42% decrease in their ownership of the stock. 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 a total of 107,577 shares of company stock worth $51,922,920 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMD. Roth Capital increased their price target on Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. DA Davidson upped their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald reissued an "overweight" rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Citigroup upgraded shares of Advanced Micro Devices from a "market perform" rating to a "buy" rating in a report on Wednesday, July 22nd. Finally, Susquehanna upped their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $565.12.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.

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