Oppenheimer & Co. Inc. Purchases 3,370 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Oppenheimer & Co. increased its AMD position by 3.0% in the second quarter, purchasing 3,370 shares and ending the period with 114,779 shares valued at approximately $66.7 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, exceeding analyst expectations, while revenue grew 50.1% year over year. The stock opened at $514.39, with a market capitalization of about $839.7 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $546.87 price target; however, insiders sold 161,077 shares worth approximately $74.7 million over the past 90 days, largely through pre-arranged trading plans.

Oppenheimer & Co. Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,779 shares of the semiconductor manufacturer's stock after purchasing an additional 3,370 shares during the period. Advanced Micro Devices accounts for about 0.7% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 27th biggest holding. Oppenheimer & Co. Inc.'s holdings in Advanced Micro Devices were worth $66,676,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Southpoint Capital Advisors LP grew its holdings in Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after acquiring an additional 300,000 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock valued at $65,966,000 after acquiring an additional 303,154 shares during the last quarter. Boomfish Wealth Group LLC bought a new position in shares of Advanced Micro Devices during the first quarter valued at $1,193,000. Dimensional Fund Advisors LP grew its stake in shares of Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $1,118,000. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 143 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $474.75, for a total transaction of $67,889.25. Following the sale, the senior vice president directly owned 17,644 shares of the company's stock, valued at approximately $8,376,489. This trade represents a 0.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 161,077 shares of company stock valued at $74,732,145. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 6.5%

Shares of NASDAQ:AMD opened at $514.39 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. 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 business's 50-day moving average is $511.77 and its 200-day moving average is $367.48. The company has a market capitalization of $839.73 billion, a price-to-earnings ratio of 132.23 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AMD. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Evercore reiterated an "outperform" rating and issued a $579.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. Citigroup upgraded Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research report on Wednesday, July 22nd. TD Cowen reiterated a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Northland Securities reissued a "market perform" rating and set a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $546.87.

More Advanced Micro Devices News

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

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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