Legacy Capital Group California Inc. Sells 30,007 Shares of Advanced Micro Devices, Inc. $AMD

Legacy Capital Group California Inc. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 87.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,462 shares of the semiconductor manufacturer’s stock after selling 30,007 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Advanced Micro Devices were worth $908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Joseph Group Capital Management bought a new position in Advanced Micro Devices during the 4th quarter worth $25,000. Sarver Vrooman Wealth Advisors acquired a new position in Advanced Micro Devices during the 4th quarter worth about $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Delos Wealth Advisors LLC increased its stake in shares of 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 buying an additional 100 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

More Advanced Micro Devices News

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

• Positive Sentiment: Bank of America reportedly raised its outlook on AMD, saying the company could beat earnings estimates and lift guidance thanks to strong server demand and improving AI momentum. AMD Seen Posting Strong Quarter
• Positive Sentiment: TD Cowen increased its price target on AMD, reinforcing the view that AI demand and recent quarterly results could support further upside in the stock. Advanced Micro Devices (AMD) Stock Surges as Wall Street Analysts Boost Price Targets
• Positive Sentiment: Analysts continue to frame AMD as a stronger long-term AI and data-center competitor to NVIDIA, helped by partnerships that position AMD as a fuller-stack AI player. AMD’s 5C Deal Positions It as a Direct NVIDIA Rival
• Neutral Sentiment: TSMC’s strong sales report signals healthy demand for advanced chips overall, which supports the broader AI semiconductor theme, though it also highlights capacity constraints that could limit near-term supply growth. TSMC Sales Jump 36% as Memory Stocks Plunge. What It Means for NVIDIA and AMD
• Neutral Sentiment: Several articles continued to highlight AMD’s strong 2026 run and long-term AI upside, but these were largely reiterations of existing bullish sentiment rather than fresh catalysts. Best AI Stock to Buy: Micron Stock vs. AMD Stock
• Negative Sentiment: AMD is being hit by broader semiconductor weakness, with investors taking profits across AI names amid supply-chain fears, geopolitical concerns, and softer risk appetite. AMD Stock Drops 5: Why Global Supply Chain Fears and Tech Profit-Taking Are Hurting Chip Giants
• Negative Sentiment: Market coverage also noted AMD slipping alongside other chipmakers as AI stocks sold off broadly, which is weighing on sentiment despite the company’s upbeat fundamentals. Intel, AMD, and Applied Materials Drop 4 as SK Hynix Rout and Oil Spike Hit Chip Stocks

Advanced Micro Devices Price Performance

AMD stock opened at $534.39 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The business has a 50-day simple moving average of $495.20 and a two-hundred day simple moving average of $321.90. The company has a market capitalization of $871.38 billion, a P/E ratio of 175.21, a price-to-earnings-growth ratio of 1.64 and a beta of 2.47. Advanced Micro Devices, Inc. has a 52-week low of $141.90 and a 52-week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. Research analysts expect that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Erste Group Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Benchmark upped their price objective on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on shares of Advanced Micro Devices from $325.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Loop Capital upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $460.95.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 374,739 shares of company stock valued at $161,135,671 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

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.