TD Asset Management Inc Reduces Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• TD Asset Management reduced its AMD position by 9.6% in the second quarter, selling 141,978 shares and retaining 1.34 million shares valued at approximately $780.2 million. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains broadly positive: AMD has a consensus rating of “Moderate Buy” and an average price target of $546.87, with Bank of America and Truist Financial recently raising their targets.
• AMD reported strong quarterly results, with EPS of $1.66 beating estimates and revenue of $11.54 billion rising 50.1% year over year. However, the stock’s elevated valuation, insider selling and competitive risks remain important considerations.

TD Asset Management Inc cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,343,134 shares of the semiconductor manufacturer's stock after selling 141,978 shares during the period. TD Asset Management Inc owned about 0.08% of Advanced Micro Devices worth $780,240,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital City Trust Co. FL purchased a new position in Advanced Micro Devices in the second quarter valued at approximately $286,000. Leuthold Group LLC raised its holdings in Advanced Micro Devices by 136.7% during the second quarter. Leuthold Group LLC now owns 18,545 shares of the semiconductor manufacturer's stock worth $10,773,000 after purchasing an additional 10,709 shares in the last quarter. River Wealth Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $273,000. SmartHarvest Portfolios LLC lifted its position in shares of Advanced Micro Devices by 9.0% during the 2nd quarter. SmartHarvest Portfolios LLC now owns 6,551 shares of the semiconductor manufacturer's stock worth $3,805,000 after buying an additional 540 shares during the last quarter. Finally, Win Advisors Inc. acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $5,667,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMD shares. Bank of America increased their target price on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Oppenheimer cut shares of Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research report on Wednesday, May 6th. Truist Financial upped their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Northland Securities reaffirmed a "market perform" rating and set a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. Finally, Morgan Stanley lifted their target price on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. Three investment 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. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $546.87.

Advanced Micro Devices Price Performance

AMD stock opened at $514.39 on Monday. The company has a market cap of $839.73 billion, a price-to-earnings ratio of 132.23 and a beta of 2.48. The company has a fifty day moving average price of $511.77 and a 200 day moving average price of $368.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company 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%. Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Key Headlines 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

Insider Buying and Selling at Advanced Micro Devices

In other news, SVP Ava Hahn sold 143 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $474.75, for a total transaction of $67,889.25. Following the completion of the sale, the senior vice president owned 17,644 shares in the company, valued at approximately $8,376,489. This represents a 0.80% decrease in their ownership of the stock. The sale 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, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% 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 ninety days, insiders have sold 161,077 shares of company stock valued at $74,732,145. Corporate insiders own 0.50% of the company's stock.

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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