Pingora Partners LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Pingora Partners LLC bought a new AMD stake of 1,753 shares valued at approximately $1.02 million during the second quarter. Other institutional investors also added positions, with institutions collectively owning 71.34% of AMD.
• Analysts remain broadly bullish, with an overall “Moderate Buy” rating and an average price target of $553.72; four analysts rate the stock a Strong Buy and 32 rate it a Buy.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, beating estimates. However, insider selling, potential semiconductor tariffs and competitive pressure from Nvidia and Broadcom could weigh on sentiment.

Pingora Partners LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,753 shares of the semiconductor manufacturer's stock, valued at approximately $1,018,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Luminist Capital LLC bought a new stake in shares of Advanced Micro Devices during the second quarter worth $46,000. BOK Financial Private Wealth Inc. bought a new position in shares of Advanced Micro Devices in the second quarter worth about $53,000. Toews Corp ADV bought a new position in shares of Advanced Micro Devices in the second quarter worth about $66,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth about $27,000. Finally, Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the 4th quarter worth about $27,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMD shares. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 24th. Raymond James Financial raised shares of Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. Loop Capital upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Tuesday, June 16th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Monday, June 15th. Finally, Bank of America raised their price objective on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Four 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $553.72.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

Insider Activity at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This trade represents a 2.23% 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 241,203 shares of company stock valued at $114,011,942 over the last 90 days. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $465.58 on Monday. The firm has a 50-day simple moving average of $505.66 and a 200-day simple moving average of $385.61. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The firm has a market cap of $760.05 billion, a P/E ratio of 119.69 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

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