Manchester Capital Management LLC Decreases Stock Holdings in Advanced Micro Devices, Inc. $AMD

Posted by Brian Himes on Jun 9th, 2026

Manchester Capital Management LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 71.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,865 shares of the semiconductor manufacturer’s stock after selling 7,312 shares during the period. Manchester Capital Management LLC’s holdings in Advanced Micro Devices were worth $614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices in the 4th quarter worth $25,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Key Capital Management INC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $38,000. Finally, PFS Partners LLC grew its position in shares of Advanced Micro Devices by 269.2% during the 4th quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer’s stock worth $41,000 after buying an additional 140 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Advanced Micro Devices

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

Positive Sentiment: AMD announced up to £2 billion of investment in the U.K. to accelerate AI innovation, research, and compute infrastructure, reinforcing its long-term growth story. AMD Commits up to £2 Billion to Accelerate AI Innovation and Research in the United Kingdom
Positive Sentiment: New collaborations with major institutions, including Imperial College London, Oriole Networks, and the University of Cambridge, could expand AMD’s footprint in AI, quantum, and supercomputing markets. AMD Commits up to £2 Billion to Accelerate AI Innovation and Research in the United Kingdom
Positive Sentiment: Multiple articles highlighted renewed momentum in AI chips and AMD’s role as a beneficiary of the broader semiconductor rebound after Friday’s selloff. Broadcom, AMD, Super Micro, and More Stocks That Explain Today’s Market
Positive Sentiment: Recent commentary and analyst notes argue AMD could still have significant upside, with some bulls pointing to a potential path toward a $1 trillion valuation if AI demand and earnings growth continue. Will AMD Stock Hit a $1 Trillion Market Cap in 2026?
Neutral Sentiment: Some pieces emphasized that AMD’s valuation has become more demanding after a huge rally, meaning the stock may remain sensitive to execution on AI revenue and margins. AMD’s Bold AI Push Could Unlock Massive Growth, But the Risks Are Also Serious
Negative Sentiment: One note flagged heavy insider selling over the past six months, which may weigh on sentiment even as operating fundamentals stay strong. AMD Announces £2bn Investment to Accelerate AI Innovation and Research in the UK

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the company’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 directly owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 339,532 shares of company stock worth $119,504,341. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Trading Up 5.1%

Shares of Advanced Micro Devices stock opened at $490.33 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $364.09 and its 200 day moving average price is $266.99. The firm has a market capitalization of $799.53 billion, a PE ratio of 160.76, a P/E/G ratio of 1.37 and a beta of 2.50. Advanced Micro Devices, Inc. has a twelve month low of $115.06 and a twelve month high of $546.44.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the company earned $0.96 EPS. The firm’s revenue was up 37.8% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on AMD. Morgan Stanley upped their price objective on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Melius Research set a $540.00 target price on Advanced Micro Devices in a research note on Monday, May 18th. HSBC lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and increased their price objective for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Wells Fargo & Company raised their target price on Advanced Micro Devices from $345.00 to $505.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, KeyCorp boosted their price target on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $419.86.

Get Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Profile

(Free Report)

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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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