Advanced Micro Devices, Inc. $AMD Shares Sold by Korea Investment CORP

Korea Investment CORP cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,156,752 shares of the semiconductor manufacturer’s stock after selling 43,476 shares during the period. Advanced Micro Devices makes up about 1.3% of Korea Investment CORP’s portfolio, making the stock its 13th largest holding. Korea Investment CORP owned 0.07% of Advanced Micro Devices worth $671,969,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. EP Wealth Advisors LLC boosted its position in Advanced Micro Devices by 8.6% during the second quarter. EP Wealth Advisors LLC now owns 274,074 shares of the semiconductor manufacturer’s stock worth $159,212,000 after purchasing an additional 21,739 shares in the last quarter. Ieq Capital LLC grew its holdings in Advanced Micro Devices by 15.6% in the second quarter. Ieq Capital LLC now owns 148,069 shares of the semiconductor manufacturer’s stock valued at $86,015,000 after purchasing an additional 20,033 shares during the period. Burnham & Co LLC purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $654,000. Callan Family Office LLC raised its stake in shares of Advanced Micro Devices by 7.0% during the 2nd quarter. Callan Family Office LLC now owns 65,046 shares of the semiconductor manufacturer’s stock worth $37,786,000 after buying an additional 4,245 shares during the period. Finally, Expressive Wealth LLC raised its stake in shares of Advanced Micro Devices by 5.3% during the 2nd quarter. Expressive Wealth LLC now owns 1,779 shares of the semiconductor manufacturer’s stock worth $1,033,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 15,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. The trade was a 11.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. This trade represents a 2.23% 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. Insiders sold 228,024 shares of company stock valued at $107,851,304 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Strong AI and data-center momentum: AMD reported second-quarter revenue of approximately $11.5 billion, up 50% year over year, while data-center revenue more than doubled to $6.7 billion. Management’s third-quarter outlook for roughly $13 billion of revenue and a 56% gross margin reinforced expectations for continued demand and operating leverage. AMD: The Low-Hanging Fruit Is Gone, But The Stock Is Still A Buy
• Positive Sentiment: Analyst support and competitive positioning: Wall Street firms reiterated bullish views and raised price targets, with Raymond James upgrading AMD to Strong Buy and BMO initiating coverage with a $550 target. Investors also see AMD as a potential alternative to Nvidia for hyperscalers, including through large customer deployments and opportunities in inference and agentic AI. AMD Stock Gets Strong Buy Upgrade From Raymond James
• Positive Sentiment: Product and ecosystem catalysts: AMD’s upcoming Instinct MI455X accelerator is expected to feature 432GB of HBM4 memory, while the Helios rack system is scheduled to begin initial shipments later this quarter. The company is also expanding UCIe connectivity, trusted-AI security capabilities and EPYC processor deployments for autonomous-driving applications. AMD’s Next AI Accelerator Carries 432 Gigabytes of Memory
• Neutral Sentiment: Nvidia earnings remain a near-term trading catalyst: AMD and other semiconductor stocks benefited from positioning ahead of Nvidia’s results. Nvidia’s outlook could validate AI infrastructure demand or trigger a broader reassessment of accelerator valuations. NVIDIA Earnings Could Move These 3 AI Stocks
• Negative Sentiment: Insider selling weighs on sentiment: EVP Forrest Norrod sold 17,261 shares worth about $7.9 million under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a signal about fundamentals, but repeated insider disposals can add pressure after a sharp rally. AMD Insider Sale SEC Filing
• Negative Sentiment: Valuation and execution risks: With AMD trading at a high earnings multiple after a major advance, investors may demand continued exceptional growth. Export-policy uncertainty, rising memory costs and more than $10 billion of planned Taiwan packaging investment could increase execution and margin risks. AMD’s Next Move Could Be Huge

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMD. Melius Research set a $660.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 24th. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, UBS Group restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $553.72.

Advanced Micro Devices Stock Up 0.4%

Shares of AMD opened at $480.93 on Thursday. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The company has a market capitalization of $785.10 billion, a PE ratio of 123.63 and a beta of 2.48. The stock has a fifty day simple moving average of $508.39 and a two-hundred day simple moving average of $381.97. 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 (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s revenue was up 50.1% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS 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.