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

Key Points

• Oarsman Capital cut its AMD position by 62.5% in the second quarter, selling 1,610 shares and retaining 964 shares worth approximately $560,000. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $553.72, despite one downgrade to “underweight.”
• AMD’s latest quarterly results exceeded expectations, with EPS of $1.66 versus $1.62 expected and revenue of $11.54 billion, up 50.1% year over year; however, insiders have sold more than $109 million of stock over the past 90 days.

Oarsman Capital Inc. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 62.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 also recently modified their holdings of AMD. Norges Bank purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $4,929,312,000. Bank of America Corp DE purchased a new position in shares of Advanced Micro Devices in the second quarter valued at $7,022,226,000. Cardano Risk Management B.V. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $1,000,783,000. BlackRock Inc. raised its stake in shares of 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 purchasing an additional 4,535,126 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock worth $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. Sanford C. Bernstein restated an "outperform" rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Robert W. Baird set a $1,250.00 price target on shares of Advanced Micro Devices in a report on Friday, July 24th. Wolfe Research set a $450.00 price target on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research report on Monday, June 15th. Barclays lowered Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research note on Friday, June 12th. Finally, Needham & Company LLC upgraded Advanced Micro Devices to a "buy" rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $553.72.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 15,000 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Forrest Eugene 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 value of $7,939,196.95. Following the sale, the executive vice president owned 373,317 shares of the company's stock, valued at $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 232,577 shares of company stock worth $109,509,170 over the last 90 days. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Down 0.6%

AMD opened at $457.06 on Thursday. The business's fifty day simple moving average is $501.61 and its 200 day simple moving average is $390.93. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The stock has a market cap of $746.14 billion, a PE ratio of 117.50, a P/E/G ratio of 4.76 and a beta of 2.48.

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, topping 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%.Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD’s AI infrastructure collaboration with Cisco and Saudi Arabia’s HUMAIN is gaining traction: MI355X-based systems are reportedly live and serving customers, with plans for an additional 250 megawatts beginning in 2027 and as much as 1 gigawatt by 2030. The buildout could create a significant long-term data-center revenue opportunity. AMD Saudi Arabia AI infrastructure
• Positive Sentiment: Several bullish commentaries argue that AMD could benefit from the next phase of AI spending, particularly inference workloads and server CPUs. One forecast sees the company potentially reaching a $2 trillion valuation by 2030, while analysts cited elsewhere see additional upside from current levels. AMD $2 trillion forecast
• Positive Sentiment: Tiger Global reportedly opened an AMD position while reducing its Alphabet stake, suggesting some institutional investors are rotating toward AI-chip exposure. Tiger Global AMD position
• Neutral Sentiment: AMD remains above a widely watched support level near $450, but technical coverage says higher U.S. interest rates are weighing on high-growth technology stocks and limiting near-term momentum. AMD technical levels and rates
• Negative Sentiment: J.P. Morgan reportedly views AMD as facing execution challenges relative to Nvidia. Nvidia’s investment in MediaTek and continued efforts to defend its AI-chip ecosystem also reinforce concerns that AMD must execute effectively to gain share. J.P. Morgan Nvidia versus AMD
• Negative Sentiment: Investors are also taking profits after AMD’s substantial 2026 advance. Commentary highlights valuation pressure, with the stock trading at a very high earnings multiple, while ARK Invest has continued reducing its AMD position. ARK Invest reduces AMD shares

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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