Northwestern Mutual Wealth Management Co. Decreases Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Northwestern Mutual Wealth Management reduced its AMD stake by 24.9% in the second quarter, selling 158,957 shares and retaining 480,509 shares valued at approximately $279.1 million.
• Analysts remain broadly bullish: AMD has an average “Moderate Buy” rating and a consensus price target of $553.72, though ratings include recent upgrades and downgrades.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year to $11.54 billion and EPS of $1.66, but insiders sold roughly $114 million in stock over the past three months.

Northwestern Mutual Wealth Management Co. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,509 shares of the semiconductor manufacturer's stock after selling 158,957 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Advanced Micro Devices were worth $279,133,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices during the fourth quarter valued at $27,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at $27,000. Basepoint Wealth LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Graney & King LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMD shares. HSBC cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and upped their target price for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Loop Capital raised Advanced Micro Devices to a "strong-buy" rating in a research note on Tuesday, June 16th. Wall Street Zen downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Susquehanna raised their price objective on Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. Finally, Benchmark lifted their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $553.72.

Insider Activity

In related news, EVP Jean X. Hu sold 15,000 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at $76,316,924.32. The trade was a 8.52% decrease in their position. The transaction was disclosed in a legal filing 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, EVP Forrest Eugene Norrod sold 17,261 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $459.95, for a total value 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 $171,707,154.15. This trade represents a 4.42% 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 241,203 shares of company stock worth $114,011,942 in the last three months. Corporate insiders own 0.50% of the company's stock.

More Advanced Micro Devices News

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

• Positive Sentiment: AI growth outlook remains robust: AMD’s second-quarter revenue increased 50% year over year to approximately $11.5 billion, with data-center revenue more than doubling to $6.7 billion. Management’s roughly $13 billion third-quarter revenue outlook and 56% gross-margin forecast support expectations for continued momentum. AMD growth outlook
• Positive Sentiment: Analyst upgrade and product catalysts: Raymond James upgraded AMD, citing a potential $201 billion revenue opportunity by 2030 from agentic AI. AMD is also preparing the MI455X accelerator and Helios rack system, while ROCm 10, UCIe connectivity and new secure-AI initiatives could strengthen its ecosystem. Raymond James AMD upgrade
• Positive Sentiment: Enterprise AI positioning: AMD’s equity investment and joint development agreement with Nutanix could help it offer more complete inference and agentic-AI systems as an open alternative to Nvidia’s platform. AMD and Nutanix partnership
• Neutral Sentiment: Anthropic’s mixed chip strategy: Anthropic reportedly previously committed substantial spending involving AMD but later signed a six-year, $45 billion lease for Nvidia-powered capacity. The news suggests AMD remains relevant, but Nvidia may be the preferred provider for the largest AI workloads. Anthropic AMD and Nvidia spending
• Negative Sentiment: Insider and fund selling: EVP Forrest Norrod sold about $7.9 million of AMD stock and EVP Jean Hu sold approximately $7.1 million, both under pre-arranged Rule 10b5-1 plans. ARK Invest also sold about $18.2 million of AMD while rotating into Broadcom and Cerebras, weighing on sentiment after AMD’s substantial rally. AMD insider sale filing
• Negative Sentiment: Competition and risk factors: Nvidia’s blowout results emphasized AMD’s weaker margins and software ecosystem, while AMD’s elevated valuation, potential semiconductor tariffs, export restrictions and rising memory costs increase the execution risk required to sustain its growth expectations. Nvidia versus AMD investment comparison

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $476.67 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The firm has a market capitalization of $778.15 billion, a P/E ratio of 122.54 and a beta of 2.48. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The company's 50-day moving average is $507.14 and its 200 day moving average is $383.86.

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, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company'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 business earned $0.48 earnings per share. Research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

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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