Advanced Micro Devices, Inc. $AMD Shares Sold by Byrne Asset Management LLC

Byrne Asset Management LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,668 shares of the semiconductor manufacturer’s stock after selling 2,190 shares during the quarter. Advanced Micro Devices comprises 2.3% of Byrne Asset Management LLC’s holdings, making the stock its 8th biggest position. Byrne Asset Management LLC’s holdings in Advanced Micro Devices were worth $4,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices in the second quarter worth $7,022,226,000. Cardano Risk Management B.V. acquired a new position in Advanced Micro Devices in the fourth quarter worth approximately $1,000,783,000. BlackRock Inc. increased its holdings in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the last quarter. Franklin Resources Inc. raised its position in Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after acquiring an additional 3,669,054 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $2,084,651,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Mizuho raised its AMD price target from $580 to $705 and assigned an Outperform rating, reflecting greater confidence in specialized AI workloads and agentic AI. AMD vs. Cerebras – Why Mizuho Sees More Upside in This AI Stock
• Positive Sentiment: CEO Lisa Su said AMD plans to substantially increase AI chip supply in 2027 as demand remains “very, very high.” Expanded wafer and memory capacity through suppliers in Taiwan and South Korea could help the company convert demand into revenue. AMD plans to substantially increase supply in 2027, CEO says
• Positive Sentiment: Coverage highlighted potential benefits from Meta’s Muse and the broader shift toward continuously operating personal AI agents, which could increase demand for CPUs, memory, and networking. Meta Muse gives AMD a boost as AI momentum shifts to personal agents
• Positive Sentiment: Stifel’s recently increased $700 target and expectation for a third-quarter “beat-and-raise,” supported by EPYC server CPUs and improving future product margins, provided additional bullish momentum. Stifel Raises AMD Stock Price Target Ahead of Q3 Earnings
• Neutral Sentiment: AMD’s planned World Labs acquisition and expanding AI partnerships could strengthen its competitive position, but the strategic benefits must justify substantial investment.
• Negative Sentiment: Valuation remains a risk after the rally: AMD trades at a very high earnings multiple, while potential issuance of up to 320 million shares to OpenAI and Meta could dilute existing shareholders. AMD share issuance to OpenAI and Meta

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the sale, the senior vice president owned 26,623 shares in the company, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 213,838 shares of company stock valued at $105,533,836 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AMD. Cantor Fitzgerald reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday. Argus lifted their price target on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Micro Devices in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.25.

Advanced Micro Devices Stock Performance

AMD stock traded up $23.41 during midday trading on Tuesday, hitting $655.16. The stock had a trading volume of 15,549,794 shares, compared to its average volume of 32,676,256. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $515.38 and a 200 day simple moving average of $449.17. The firm has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 168.62, a P/E/G ratio of 6.58 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.