Advanced Micro Devices, Inc. $AMD Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,979,868 shares of the semiconductor manufacturer’s stock after selling 282,901 shares during the period. Advanced Micro Devices accounts for 1.3% of Legal & General Group Plc’s portfolio, making the stock its 11th biggest holding. Legal & General Group Plc owned about 0.67% of Advanced Micro Devices worth $6,378,315,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMD. The Manufacturers Life Insurance Company lifted its position in Advanced Micro Devices by 13.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,575,270 shares of the semiconductor manufacturer’s stock valued at $914,968,000 after purchasing an additional 184,409 shares during the last quarter. Jones Financial Companies Lllp grew its position in Advanced Micro Devices by 15.4% in the 2nd quarter. Jones Financial Companies Lllp now owns 1,508,092 shares of the semiconductor manufacturer’s stock worth $876,000 after purchasing an additional 200,986 shares during the last quarter. Park Place Capital Corp grew its position in Advanced Micro Devices by 19.5% in the 2nd quarter. Park Place Capital Corp now owns 141 shares of the semiconductor manufacturer’s stock worth $82,000 after purchasing an additional 23 shares during the last quarter. Fiduciary Financial Advisors acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $921,000. Finally, Manning & Napier Advisors LLC increased its stake in shares of Advanced Micro Devices by 41.4% in the second quarter. Manning & Napier Advisors LLC now owns 157 shares of the semiconductor manufacturer’s stock valued at $85,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMD shares. The Goldman Sachs Group boosted their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Citigroup upgraded Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 22nd. HSBC cut Advanced Micro Devices from a “buy” rating to a “hold” rating and increased their price target for the stock from $335.00 to $340.00 in a research note on Monday, May 4th. Finally, Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $553.72.

Advanced Micro Devices Stock Down 2.3%

AMD stock opened at $465.58 on Friday. The firm has a market cap of $760.05 billion, a PE ratio of 119.69 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The firm has a 50 day simple moving average of $505.66 and a 200 day simple moving average of $384.43.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 50.1% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% 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. Over the last ninety days, insiders sold 241,203 shares of company stock worth $114,011,942. Corporate insiders own 0.50% of the company’s stock.

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.