Smith Group Asset Management LLC Has $91.79 Million Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Smith Group Asset Management increased its AMD holdings by 7.7% in the second quarter, owning 158,007 shares valued at approximately $91.79 million. AMD represents about 3.7% of the firm’s portfolio, while institutional investors overall own 71.34% of the stock.
• AMD reported quarterly EPS of $1.66 versus the $1.62 consensus estimate, while revenue reached $11.54 billion, up 50.1% year over year and above expectations.
• AMD shares opened at $514.39, with a consensus analyst rating of “Moderate Buy” and an average price target of $546.87. However, the stock’s high valuation, insider selling and competitive and financing risks remain notable concerns.

Smith Group Asset Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,007 shares of the semiconductor manufacturer's stock after buying an additional 11,314 shares during the period. Advanced Micro Devices comprises approximately 3.7% of Smith Group Asset Management LLC's portfolio, making the stock its 6th largest position. Smith Group Asset Management LLC's holdings in Advanced Micro Devices were worth $91,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock worth $33,949,256,000 after buying an additional 2,525,109 shares during the period. State Street Corp boosted its holdings in Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock valued at $16,044,712,000 after acquiring an additional 1,094,835 shares during the period. Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after acquiring an additional 287,525 shares during the period. Norges Bank bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $4,929,312,000. Finally, Price T Rowe Associates Inc. MD grew its position in Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer's stock worth $4,352,864,000 after acquiring an additional 55,969 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $514.39 on Friday. The firm has a market cap of $839.73 billion, a P/E ratio of 132.23 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The business's 50 day moving average price is $511.77 and its 200-day moving average price is $367.48. 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 posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for 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 business's revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were 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 of the company's stock, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 143 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president owned 17,644 shares of the company's stock, valued at $8,376,489. This trade represents a 0.80% 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 a total of 161,077 shares of company stock valued at $74,732,145 over the last quarter. 0.50% of the stock is owned by company insiders.

Key Stories Impacting Advanced Micro Devices

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMD. Barclays downgraded Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research report on Friday, June 12th. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a report on Friday, July 24th. Evercore reaffirmed an "outperform" rating and issued a $579.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, May 19th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $546.87.

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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