Oarsman Capital Inc. Sells 1,610 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Oarsman Capital cut its AMD stake by 62.5% in the second quarter, selling 1,610 shares and retaining 964 shares valued at approximately $560,000.
• Institutional investors own 71.34% of AMD, while insiders sold 210,763 shares worth roughly $99.9 million over the past quarter, primarily through pre-arranged Rule 10b5-1 plans.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year to $11.54 billion and EPS exceeding estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $546.95, though the stock’s high valuation remains a risk.

Oarsman Capital Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 62.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 964 shares of the semiconductor manufacturer's stock after selling 1,610 shares during the period. Oarsman Capital Inc.'s holdings in Advanced Micro Devices were worth $560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $4,929,312,000. Jennison Associates LLC raised its holdings in Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after buying an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $1,000,783,000. BlackRock Inc. boosted its position in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after buying an additional 4,535,126 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock worth $784,330,000 after acquiring an additional 3,735,807 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the sale, the senior vice president owned 26,623 shares in the company, valued at approximately $13,010,393.87. This trade represents a 10.11% 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. Insiders have sold a total of 210,763 shares of company stock worth $99,912,107 over the last quarter. Company insiders own 0.50% of the company's stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. Needham & Company LLC upgraded shares of Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Roth Capital upped 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. Jefferies Financial Group set a $650.00 price objective on Advanced Micro Devices in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Finally, Benchmark upped their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $546.95.

Advanced Micro Devices Price Performance

AMD stock opened at $473.25 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. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. The firm has a 50-day moving average of $511.40 and a 200 day moving average of $375.55. The company has a market cap of $772.57 billion, a P/E ratio of 121.66 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.48 EPS. The business's revenue was up 50.1% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Advanced Micro Devices 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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