Thoroughbred Financial Services LLC Increases Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Thoroughbred Financial Services increased its AMD stake by 6.6% in the second quarter, adding 2,249 shares to own 36,113 shares valued at approximately $20.98 million.
• Institutional investors remain heavily involved, owning 71.34% of AMD’s stock. Analysts maintain a bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $553.72.
• AMD reported strong quarterly results, with revenue up 50.1% year over year and earnings beating estimates, but elevated valuation, insider selling and planned debt-funded investments present risks for investors.

Thoroughbred Financial Services LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,113 shares of the semiconductor manufacturer's stock after purchasing an additional 2,249 shares during the quarter. Advanced Micro Devices accounts for 1.0% of Thoroughbred Financial Services LLC's holdings, making the stock its 23rd biggest holding. Thoroughbred Financial Services LLC's holdings in Advanced Micro Devices were worth $20,978,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. Joseph Group Capital Management purchased a new position in Advanced Micro Devices during the fourth quarter worth $25,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Graney & King LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

More Advanced Micro Devices News

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

• Positive Sentiment: Raymond James upgraded AMD to “Strong Buy,” citing improving AI accelerator prospects and potential for the stock to outperform. Other reports highlighted bullish price targets, including BMO Capital’s $550 target and expectations that AMD could continue narrowing NVIDIA’s competitive advantage. AMD Stock Gets Strong Buy Upgrade From Raymond James
• Positive Sentiment: AMD announced UCIe connectivity for its Versal adaptive SoCs, strengthening the company’s positioning in advanced chiplet and data-center designs. Investors viewed the update as supportive of AMD’s long-term AI and infrastructure strategy. AMD Stock Rallies on UCIe Chip Update
• Positive Sentiment: Reports emphasized large GPU commitments from customers including OpenAI and Meta, supporting the view that AMD is becoming a credible alternative to NVIDIA in AI infrastructure. Analysts also see continued strength in CPU demand as data centers become more compute-intensive. AMD Is Winning Nvidia Customers
• Neutral Sentiment: NVIDIA’s earnings on August 26 are a near-term catalyst for AMD and the entire semiconductor sector. Strong AI demand and guidance could lift AMD, while any signs of slowing accelerator spending could pressure the shares. NVIDIA Earnings Could Move AI Stocks
• Negative Sentiment: Some analysts remain cautious, arguing that AMD’s elevated valuation leaves less room for execution disappointments. Repeated insider selling—particularly by CEO Lisa Su and other executives—also raises concerns about profit-taking after the stock’s substantial year-to-date advance. AMD More Downside Risks
• Negative Sentiment: AMD’s planned investment of more than $10 billion in Taiwan advanced packaging and its recent $4.75 billion debt offering increase capacity for AI growth but could weigh on near-term cash flow, leverage, and margins. AMD Debt Raise and Taiwan AI Push

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Argus upped their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a report on Thursday, August 6th. TD Cowen restated a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. William Blair reaffirmed a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Wedbush reiterated an "outperform" rating and issued a $600.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Advanced Micro Devices in a research note on Monday, August 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $553.72.

Advanced Micro Devices Trading Up 4.9%

NASDAQ AMD opened at $479.18 on Wednesday. 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 firm has a market cap of $782.25 billion, a PE ratio of 123.18 and a beta of 2.48. The company has a 50 day moving average price of $509.02 and a 200 day moving average price of $379.94. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 28,811 shares of the firm'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 completion of 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 position. The transaction was disclosed in a document filed 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, CEO Lisa T. Su sold 15,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total value of $7,214,100.00. Following the transaction, the chief executive officer owned 3,102,156 shares in the company, valued at approximately $1,491,950,906.64. This trade represents a 0.48% decrease in their ownership of the stock. 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 90 days, insiders have sold 210,763 shares of company stock worth $99,912,107. Company 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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