Advanced Micro Devices, Inc. $AMD is Smith Group Asset Management LLC’s 6th Largest Position

Smith Group Asset Management LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,007 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,314 shares during the quarter. Advanced Micro Devices comprises 3.7% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Smith Group Asset Management LLC’s holdings in Advanced Micro Devices were worth $91,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Joseph Group Capital Management purchased a new position in Advanced Micro Devices during the fourth quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Graney & King LLC bought a new position in shares of Advanced Micro Devices in the 1st quarter worth about $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The transaction was disclosed in a legal filing 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 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 owned 17,644 shares in the company, valued at approximately $8,376,489. This represents a 0.80% decrease in their ownership of the stock. 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 161,077 shares of company stock worth $74,732,145 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

Key Stories Impacting 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

Analyst Ratings Changes

AMD has been the topic of several research reports. Northland Securities reissued a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research note on Monday, April 27th. Evercore reaffirmed an “outperform” rating and set a $579.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, May 19th. The Goldman Sachs Group lifted their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a report on Monday, July 6th. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Bank of America boosted their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $546.87.

Advanced Micro Devices Stock Up 6.5%

NASDAQ:AMD opened at $514.39 on Friday. The firm has a market cap of $839.73 billion, a P/E ratio of 132.23 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The firm has a 50-day simple moving average of $511.77 and a two-hundred day simple moving average of $367.48.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal 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.