Summit Financial LLC Cuts Position in Advanced Micro Devices, Inc. $AMD

Posted by George Bondi on Jun 13th, 2026

Summit Financial LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 72,437 shares of the semiconductor manufacturer’s stock after selling 4,159 shares during the quarter. Summit Financial LLC’s holdings in Advanced Micro Devices were worth $15,513,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $25,000. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $27,000. Basepoint Wealth LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $30,000. Aviso Financial Inc. grew its holdings in Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its holdings in Advanced Micro Devices by 100.0% in the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Roundup

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

Positive Sentiment: Citi upgraded AMD and argued that the market is underpricing its AI GPU upside, boosting confidence in the stock’s AI-driven growth path.
Positive Sentiment: Bank of America also raised its outlook on AMD, calling it a top CPU pick and pointing to a large agentic AI opportunity across servers and accelerators.
Positive Sentiment: Multiple reports highlighted rising GPU market-share data and stronger investor focus on AMD’s expanding role in AI hardware, helping semiconductor stocks rally broadly.

Advanced Micro Devices Stock Up 4.7%

AMD opened at $511.57 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $834.17 billion, a P/E ratio of 167.73, a PEG ratio of 1.44 and a beta of 2.50. Advanced Micro Devices, Inc. has a 52 week low of $115.06 and a 52 week high of $546.44. The business’s fifty day simple moving average is $386.41 and its 200 day simple moving average is $274.18.

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 analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director owned 87,173 shares of the company’s stock, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was 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 directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 372,032 shares of company stock valued at $158,658,616. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on AMD shares. HSBC lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their target price for the company from $335.00 to $340.00 in a report on Monday, May 4th. Mizuho upped their target price on Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Barclays lowered Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday. The Goldman Sachs Group raised Advanced Micro Devices from a “buy” rating to a “buy” rating in a report on Friday. Finally, Evercore reissued an “outperform” rating and issued a $579.00 target price on shares of Advanced Micro Devices in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $424.59.

Read Our Latest Analysis on AMD

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.