University of Texas Texas AM Investment Management Co. Cuts Position in Advanced Micro Devices, Inc. $AMD

Key Points

• University of Texas Texas AM Investment Management Co. cut its AMD position by 82.3% in the second quarter, selling 11,052 shares and retaining 2,369 shares valued at $1.38 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 161,077 shares worth approximately $74.7 million over the past three months, including sales by EVP Forrest Norrod and Director Nora Denzel under disclosed transactions.
• Analysts remain broadly bullish, with AMD receiving a consensus “Moderate Buy” rating and an average price target of $546.87. The company recently beat quarterly earnings and revenue estimates, reporting $11.54 billion in revenue, up 50.1% year over year.

University of Texas Texas AM Investment Management Co. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 82.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,369 shares of the semiconductor manufacturer's stock after selling 11,052 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in Advanced Micro Devices were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AMD. Joseph Group Capital Management purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the fourth quarter valued at $27,000. Basepoint Wealth LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at $30,000. Finally, Graney & King LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at $31,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director owned 87,173 shares of the company's stock, valued at approximately $45,504,306. This represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 161,077 shares of company stock valued at $74,732,145. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson lifted their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Morgan Stanley increased their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Seaport Research Partners raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price on the stock in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Finally, Melius Research set a $660.00 price target on Advanced Micro Devices in a report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $546.87.

More Advanced Micro Devices News

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

Advanced Micro Devices Stock Up 6.5%

Shares of NASDAQ AMD opened at $514.39 on Friday. The stock has a market cap of $839.73 billion, a PE ratio of 132.23 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The business has a 50-day moving average price of $511.77 and a 200 day moving average price of $367.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source