FNY Investment Advisers LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 62.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the semiconductor manufacturer’s stock after selling 4,222 shares during the quarter. FNY Investment Advisers LLC’s holdings in Advanced Micro Devices were worth $1,452,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in AMD. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Advanced Micro Devices by 12.8% in 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 during the period. Trust Co of the South boosted its holdings in shares of Advanced Micro Devices by 1.5% during the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock worth $1,014,000 after purchasing an additional 25 shares during the period. Arlington Trust Co LLC boosted its holdings in shares of Advanced Micro Devices by 3.3% during the second quarter. Arlington Trust Co LLC now owns 915 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 29 shares during the period. CLG LLC grew its stake in shares of Advanced Micro Devices by 3.1% in the first quarter. CLG LLC now owns 1,008 shares of the semiconductor manufacturer’s stock worth $205,000 after purchasing an additional 30 shares during the last quarter. Finally, Columbia Bank grew its stake in shares of Advanced Micro Devices by 0.7% in the first quarter. Columbia Bank now owns 5,188 shares of the semiconductor manufacturer’s stock worth $1,055,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Insider Transactions at Advanced Micro Devices
In related news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director directly owned 87,173 shares of the company’s stock, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 6,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 285,934 shares of company stock valued at $130,353,006 in the last three months. Company insiders own 0.50% of the company’s stock.
Advanced Micro Devices Stock Performance
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced 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. The firm 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%.The business’s revenue was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 6.34 earnings per share for the current fiscal year.
More Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD agreed to acquire Taalas, a developer of specialized AI inference chips, for an undisclosed amount. Taalas’ technology is designed to reduce computing and memory bottlenecks and could improve inference speed and efficiency when combined with AMD Instinct GPUs. The deal strengthens AMD’s strategy as AI demand shifts from model training toward high-volume, real-time inference. AMD deepens AI inference bet with Taalas deal
- Positive Sentiment: Analysts continued raising their valuation targets after AMD’s strong second-quarter performance. Rosenblatt lifted its target to $700 and maintained a Buy rating, adding to bullish targets from firms including Jefferies, Truist, Cantor Fitzgerald and Wedbush. AMD analyst price target update
- Positive Sentiment: AMD reported quarterly revenue of $11.54 billion, up 50% year over year, while data-center revenue more than doubled to approximately $6.7 billion. Management also expects data-center revenue to more than double in 2027, supported by Helios and expanding AI infrastructure demand.
- Neutral Sentiment: The broader AI semiconductor trade remains supportive, but Nvidia’s software and engineering-tool expansion highlights the competitive challenge AMD faces in building a complete AI ecosystem. Nvidia bets on design tools while AMD scales hardware
- Negative Sentiment: Risks remain from AMD’s demanding valuation, muted margin expectations and Nvidia’s dominant market position. SpaceX’s decision to use Nvidia chips exclusively has also reinforced concerns about AMD’s ability to win major AI customers.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Truist Financial upped their price target on Advanced Micro Devices from $478.00 to $594.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday, June 12th. Loop Capital upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $260.00 price target on shares of Advanced Micro Devices in a research note on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $542.53.
Read Our Latest Analysis on Advanced Micro Devices
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.
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