Summit Global Investments Cuts Holdings in Advanced Micro Devices, Inc. $AMD

Summit Global Investments decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,927 shares of the semiconductor manufacturer’s stock after selling 1,548 shares during the period. Summit Global Investments’ holdings in Advanced Micro Devices were worth $3,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMD. Norges Bank purchased a new position in Advanced Micro Devices in the fourth quarter worth $4,929,312,000. Jennison Associates LLC increased its stake in Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after acquiring an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $1,000,783,000. Wellington Management Group LLP raised its position in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock worth $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Northland Securities reissued a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. Wolfe Research set a $450.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday, June 15th. Raymond James Financial began coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating for the company. Finally, Benchmark increased their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $546.87.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 324,527 shares in the company, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 143 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $474.75, for a total value of $67,889.25. Following the sale, the senior vice president directly owned 17,644 shares of the company’s stock, valued at approximately $8,376,489. This trade represents a 0.80% decrease in their position. 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. Over the last ninety days, insiders sold 161,077 shares of company stock worth $74,732,145. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 6.5%

Shares of NASDAQ:AMD opened at $514.39 on Friday. The stock has a market capitalization of $839.73 billion, a P/E ratio of 132.23 and a beta of 2.48. The stock’s 50-day moving average price is $511.77 and its 200-day moving average price is $367.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. 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) last released 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. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Trending Headlines about 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

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.