Encore Global Management LP Cuts Stock Holdings in Advanced Micro Devices, Inc. $AMD

Encore Global Management LP cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.9% during the second quarter, HoldingsChannel reports. The firm owned 6,000 shares of the semiconductor manufacturer’s stock after selling 4,500 shares during the period. Advanced Micro Devices accounts for about 3.4% of Encore Global Management LP’s holdings, making the stock its 10th largest position. Encore Global Management LP’s holdings in Advanced Micro Devices were worth $3,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First National Bank of Hutchinson grew its stake in Advanced Micro Devices by 0.4% in the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock worth $3,276,000 after acquiring an additional 22 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Advanced Micro Devices by 12.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock valued at $43,000 after acquiring an additional 24 shares in the last quarter. Trust Co of the South boosted its holdings in shares of Advanced Micro Devices by 1.5% in 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 purchasing an additional 25 shares during the period. Beaird Harris Wealth Management LLC grew its stake in Advanced Micro Devices by 9.4% in the second quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock worth $169,000 after purchasing an additional 25 shares in the last quarter. Finally, Veery Capital LLC grew its stake in Advanced Micro Devices by 1.0% in the second quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer’s stock worth $1,622,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Paul Darren Grasby sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Ava Hahn sold 2,993 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the transaction, the senior vice president owned 26,623 shares of the company’s stock, valued at $13,010,393.87. This represents a 10.11% 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. Insiders sold a total of 210,763 shares of company stock worth $99,912,107 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Key Stories Impacting Advanced Micro Devices

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

Advanced Micro Devices Stock Up 4.9%

Advanced Micro Devices stock opened at $479.18 on Wednesday. The business has a fifty day moving average of $509.02 and a two-hundred day moving average of $379.94. 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 P/E ratio of 123.18 and a beta of 2.48. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter last year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMD shares. Wedbush reaffirmed an “outperform” rating and set a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. KeyCorp set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday, August 5th. Rosenblatt Securities raised their price target on Advanced Micro Devices from $665.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a report on Monday, August 3rd. Finally, Loop Capital raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Tuesday, June 16th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.72.

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.