QRG Capital Management Inc. Grows Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• QRG Capital Management increased its AMD stake by 15.7% in the second quarter, adding 38,976 shares to own 287,822 shares valued at approximately $168.2 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• Wall Street remains broadly optimistic, with a consensus rating of “Moderate Buy” and an average price target of $565.12. Analysts cited strong AI and data-center growth, while AMD’s latest quarterly earnings and revenue exceeded expectations.
• AMD shares traded near their 52-week high at $614.61, giving the company a roughly $1 trillion market capitalization. However, insiders sold more than 213,000 shares worth approximately $105.5 million over the past quarter.

QRG Capital Management Inc. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,822 shares of the semiconductor manufacturer's stock after buying an additional 38,976 shares during the period. Advanced Micro Devices makes up approximately 1.2% of QRG Capital Management Inc.'s holdings, making the stock its 14th largest holding. QRG Capital Management Inc.'s holdings in Advanced Micro Devices were worth $168,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMD. JNBA Financial Advisors grew its holdings in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 30 shares during the period. Bullseye Investment Management LLC acquired a new position in Advanced Micro Devices during the second quarter worth $44,000. Luminist Capital LLC acquired a new position in Advanced Micro Devices during the second quarter worth $46,000. BOK Financial Private Wealth Inc. purchased a new stake in Advanced Micro Devices during the second quarter worth $53,000. Finally, Toews Corp ADV purchased a new stake in Advanced Micro Devices during the second quarter worth $66,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMD. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research report on Friday, July 24th. Bank of America boosted their price objective on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Zacks Research cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $565.12.

Advanced Micro Devices Price Performance

Shares of AMD traded down $9.16 during trading hours on Wednesday, reaching $614.61. 16,287,319 shares of the company traded hands, compared to its average volume of 33,389,879. 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 capitalization of $1.00 trillion, a PE ratio of 158.00, a price-to-earnings-growth ratio of 6.38 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $154.78 and a fifty-two week high of $624.69. The stock has a fifty day simple moving average of $497.38 and a 200 day simple moving average of $422.43.

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 for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during 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 firm's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark Papermaster sold 28,811 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares of the company's stock, 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 filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the transaction, the executive vice president directly owned 363,317 shares in the company, valued at $182,766,616.85. The trade was a 4.54% 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. Over the last quarter, insiders sold 213,838 shares of company stock valued at $105,533,836. Corporate insiders own 0.50% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s crossing of the $1 trillion market-cap milestone reflects strong investor confidence in its artificial-intelligence growth prospects. The company has benefited from expanding data-center deployments, major customer relationships and optimism that it can become a broader AI-computing platform. AMD Just Joined the $1 Trillion Club
• Positive Sentiment: CEO Lisa Su’s comments that mainstream “agentic AI” could drive a new CPU demand wave are supporting the bullish case for AMD’s EPYC processors and Instinct accelerators. Recent quarterly data-center revenue growth of 107% year over year has reinforced that outlook. CPUs Are Hot Again
• Positive Sentiment: Some analysts and strategists believe the rally can continue, with bullish commentary pointing to additional upside as Wall Street revises AMD’s earnings and price-target assumptions higher. AMD Just Cracked $1 Trillion

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.

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