Worth Asset Management LLC Acquires Shares of 5,276 Advanced Micro Devices, Inc. $AMD

Key Points

• Worth Asset Management initiated a position in AMD by purchasing 5,276 shares valued at approximately $3.1 million, representing 1% of its portfolio. Institutional investors collectively own 71.34% of AMD’s stock.
• AMD reported second-quarter revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, exceeding analyst expectations. Data Center revenue more than doubled, supporting the company’s AI growth outlook.
• Despite strong results and mostly bullish analyst ratings, AMD shares opened at $483.36 and face elevated expectations, trading at roughly 124 times earnings. Investors remain focused on AMD’s ability to narrow Nvidia’s competitive lead and sustain accelerating AI growth.

Worth Asset Management LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,276 shares of the semiconductor manufacturer's stock, valued at approximately $3,065,000. Advanced Micro Devices comprises 1.0% of Worth Asset Management LLC's holdings, making the stock its 17th biggest position.

Several other hedge funds have also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd raised its position in Advanced Micro Devices by 12.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer's stock worth $43,000 after purchasing an additional 24 shares during the period. Trust Co of the South boosted its position in shares of Advanced Micro Devices by 1.5% during the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer's stock valued at $1,014,000 after buying an additional 25 shares during the period. Beaird Harris Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 9.4% during the second quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer's stock valued at $169,000 after buying an additional 25 shares during the last quarter. Arlington Trust Co LLC grew its stake in shares of Advanced Micro Devices by 3.3% during the second quarter. Arlington Trust Co LLC now owns 915 shares of the semiconductor manufacturer's stock valued at $532,000 after buying an additional 29 shares during the last quarter. Finally, CLG LLC raised its holdings in shares of Advanced Micro Devices by 3.1% in the first quarter. CLG LLC now owns 1,008 shares of the semiconductor manufacturer's stock worth $205,000 after buying an additional 30 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 1.2%

Shares of NASDAQ:AMD opened at $483.36 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The stock has a market cap of $789.07 billion, a P/E ratio of 124.26 and a beta of 2.48. The business's 50 day moving average is $514.56 and its 200 day moving average is $359.10. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the company posted $0.48 EPS. Advanced Micro Devices's revenue was up 50.1% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.34 EPS for the current year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD agreed to acquire Toronto-based AI-inference chip startup Taalas for an undisclosed amount. Taalas develops specialized silicon designed to reduce computing and memory bottlenecks, and AMD plans to integrate the technology with its Instinct GPUs. The deal could improve AMD’s inference performance and strengthen its challenge to Nvidia in a rapidly expanding market. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted earnings of $1.66 per share, exceeding consensus estimates. Data Center revenue more than doubled, while management raised its outlook, reinforcing the long-term AI growth case. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts remain constructive: Rosenblatt raised its price target to $700 with a buy rating, while JPMorgan lifted its target to $550 but retained a neutral rating. Recent institutional filings also showed sizable increases in AMD holdings by PNC Financial and GF Fund Management. AMD analyst price-target changes
• Neutral Sentiment: Investors continue to debate whether AMD can become a major Nvidia alternative. Optimistic views point to data-center demand, AI deployments and supply leverage, but the stock’s high valuation means additional upside likely requires sustained execution and accelerating growth. This Could Be One of the Best Opportunities to Buy AMD Stock in Months
• Negative Sentiment: AMD’s results and guidance, although strong, did not clear an exceptionally high AI-growth bar. Investors wanted stronger evidence of accelerating AI revenue, higher margins and a faster path to closing Nvidia’s competitive lead. Why AMD’s solid quarterly earnings failed to impress investors
• Negative Sentiment: Near-term concerns include slowing growth in AMD’s client and gaming businesses and intensifying Nvidia competition. SpaceX’s selection of Nvidia rather than AMD for an AI-chip partnership further underscored concerns about Nvidia’s customer and ecosystem advantages. AMD stock falls after record quarter as SpaceX picks Nvidia
• Negative Sentiment: At roughly 124 times earnings, AMD leaves little room for disappointment. The combination of lofty expectations, post-earnings profit-taking and increased short interest contributed to the weaker investor reaction despite the earnings beat. AMD short volume hits a two-week high

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president owned 324,527 shares in the company, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares of the company's stock, valued at $1,334,572,400.31. The trade was a 4.14% 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. In the last ninety days, insiders have sold 285,934 shares of company stock worth $130,353,006. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities raised their price target on Advanced Micro Devices from $665.00 to $700.00 and gave the stock a "buy" rating in a research note on Thursday. Roth Capital upped their price objective on Advanced Micro Devices from $500.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Bank of America increased their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Finally, BTIG Research raised shares of Advanced Micro Devices to a "buy" rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $546.87.

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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