Sanders Morris Harris LLC Has $2.42 Million Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Sanders Morris Harris LLC cut its AMD stake by 88.2% in the second quarter, selling 31,105 shares and retaining 4,167 shares worth approximately $2.42 million.
• Other institutional investors largely increased exposure or initiated positions, with institutions collectively owning 71.34% of AMD’s shares.
• AMD reported strong second-quarter results, including 50% year-over-year revenue growth to $11.54 billion and above-consensus earnings, while issuing upbeat guidance; however, elevated valuation, heavy AI-related spending and intensified competition from Nvidia remain risks.

Sanders Morris Harris LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 88.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,167 shares of the semiconductor manufacturer's stock after selling 31,105 shares during the quarter. Advanced Micro Devices makes up approximately 1.4% of Sanders Morris Harris LLC's investment portfolio, making the stock its 14th largest position. Sanders Morris Harris LLC's holdings in Advanced Micro Devices were worth $2,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southpoint Capital Advisors LP increased its holdings in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after buying an additional 300,000 shares during the last quarter. Jefferies Financial Group Inc. grew its position in Advanced Micro Devices by 6,228.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock worth $65,966,000 after acquiring an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC purchased a new position in Advanced Micro Devices in the first quarter worth $1,193,000. Dimensional Fund Advisors LP increased its stake in 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 valued at $1,045,954,000 after acquiring an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $1,118,000. 71.34% of the stock is owned by institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Strong Q2 execution: AMD reported revenue of approximately $11.54 billion, up 50% year over year, and adjusted EPS of $1.66, exceeding analyst estimates. Data Center revenue more than doubled to $6.7 billion, while gross margin expanded to 56%. AMD Q2 Earnings Beat Estimates
• Positive Sentiment: Above-consensus guidance: AMD forecast third-quarter revenue of $12.7 billion to $13.3 billion, ahead of the roughly $12.4 billion consensus. Management also expects Data Center revenue to accelerate late in 2026 and more than double in 2027 as its Helios AI platform ramps. AMD Forecasts Upbeat Revenue
• Positive Sentiment: Analyst support remains strong: Jefferies, Truist, Goldman Sachs, Wedbush, Cantor Fitzgerald and Susquehanna either maintained bullish ratings or raised price targets, citing data-center momentum and AI GPU growth. AMD Price Targets Raised
• Positive Sentiment: AI ecosystem expansion: AMD highlighted collaboration with Meta, OpenAI and Anthropic to optimize AI models on its platform, while a new AI coding-tool system with Super Micro Computer supports broader adoption.
• Neutral Sentiment: Market positioning: AMD’s stock had more than doubled during the year, leaving the valuation and expectations unusually demanding. The post-earnings reaction reflects a reset in expectations rather than a deterioration in current demand.
• Negative Sentiment: Investors wanted a larger AI payoff: Although guidance exceeded official estimates, some analysts viewed the upside as modest relative to the premium already embedded in AMD’s valuation. AMD Investors Seek Bigger AI Payoff
• Negative Sentiment: Heavy investment weighs on near-term profitability: A sharp increase in capital spending to expand AI and data-center capacity raised concerns about cash use, execution risk and whether margins can keep improving.
• Negative Sentiment: Nvidia competition intensified: Elon Musk said SpaceX plans to use Nvidia chips exclusively for its AI infrastructure, reinforcing concerns about AMD’s ability to win major hyperscale customers. AMD Premarket Reaction

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMD shares. William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the company an "outperform" rating in a report on Monday, June 15th. Wall Street Zen raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. Robert W. Baird set a $1,250.00 price target on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $539.35.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $482.05 on Thursday. The company's fifty day simple moving average is $515.79 and its two-hundred day simple moving average is $356.42. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The firm has a market cap of $786.03 billion, a PE ratio of 123.92 and a beta of 2.48. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS 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 12.52%. The company's quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.27 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 125,000 shares of the company's 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 completion of the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 6,000 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the sale, the executive vice president directly owned 1,233,687 shares of the company's stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 310,310 shares of company stock worth $141,185,456. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Company 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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