West Tower Group LLC Makes New $305,000 Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• West Tower Group LLC initiated a new position in Advanced Micro Devices, buying 1,500 shares valued at about $305,000 in the first quarter. AMD now ranks as the firm’s 22nd largest holding and makes up roughly 1% of its portfolio.
• Institutional ownership remains heavy, with hedge funds and other institutions holding 71.34% of AMD shares. Several firms recently increased their stakes, showing continued interest from large investors.
• AMD has also seen significant insider selling and mixed market sentiment, even as analysts have raised price targets and pointed to strength in data center and AI demand. The stock recently traded at $516.11, following a strong quarterly earnings beat and 37.8% revenue growth year over year.

West Tower Group LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the semiconductor manufacturer's stock, valued at approximately $305,000. Advanced Micro Devices makes up approximately 1.0% of West Tower Group LLC's holdings, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. Brighton Jones LLC boosted its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after acquiring an additional 2,970 shares in the last quarter. United Bank lifted its position in shares of Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock valued at $1,881,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock worth $1,310,000 after purchasing an additional 7,228 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares of the company's stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 374,739 shares of company stock valued at $161,135,671 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Goldman Sachs and Wells Fargo both raised their AMD price targets, citing stronger-than-expected server CPU demand and continued upside from AMD’s EPYC/data center business. Goldman Sachs resets AMD stock price target for the rest of 2026
• Positive Sentiment: AMD announced a new autonomous-driving customer, Turing, and said the startup is using AMD GPUs for part of its AI training, adding another real-world use case for its AI accelerators. AMD Just Scored a New Autonomous Driving Customer. It’s Aiming at Nvidia in Another Arena.
• Positive Sentiment: Recent coverage highlighted AMD’s expanding AI footprint, including Ryzen AI momentum and the stock’s growing appeal as investors look for more upside in data center and AI-related chips. AMD Ryzen Strengthens Agentic AI Footprint: More Upside Ahead?
• Neutral Sentiment: AMD’s recent gains and valuation remain a focal point, with commentary noting the stock has run far enough that investors are debating whether much of the AI upside is already reflected in the share price. Will AMD Be a $1 Trillion Company Before 2026 Is Over?
• Negative Sentiment: The main pressure on AMD came from a broad chip-sector pullback, with tech and AI stocks selling off on profit-taking and worries about stretched valuations. Here’s Why Advanced Micro Devices (AMD) Fell More Than Broader Market
• Negative Sentiment: Michael Burry’s reported short bets against Nvidia, Micron, and AMD added to cautious sentiment around the AI infrastructure trade. Michael Burry Just Revealed His Next Big Short, and It's a Bet Against Nvidia, Micron, and AMD

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $516.11 on Wednesday. The firm has a market cap of $841.57 billion, a price-to-earnings ratio of 169.22, a P/E/G ratio of 1.63 and a beta of 2.47. Advanced Micro Devices, Inc. has a 1 year low of $135.91 and a 1 year high of $584.73. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $479.06 and a 200 day simple moving average of $312.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business's quarterly revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMD shares. Benchmark lifted their price objective on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Loop Capital raised Advanced Micro Devices to a "strong-buy" rating in a research report on Tuesday, June 16th. Rosenblatt Securities lifted their price target on Advanced Micro Devices from $300.00 to $490.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Wolfe Research set a $450.00 price target on Advanced Micro Devices and gave the company an "outperform" rating in a research report on Monday, June 15th. Finally, The Goldman Sachs Group raised their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.92.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

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.