Advanced Micro Devices, Inc. $AMD Stock Holdings Lowered by Kinetic Partners Management LP

Kinetic Partners Management LP trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,500 shares of the semiconductor manufacturer’s stock after selling 60,700 shares during the period. Advanced Micro Devices comprises approximately 2.4% of Kinetic Partners Management LP’s investment portfolio, making the stock its 12th biggest position. Kinetic Partners Management LP’s holdings in Advanced Micro Devices were worth $99,045,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Luminist Capital LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $46,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth $53,000. Toews Corp ADV acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $66,000. Cornerstone Financial Management LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $27,000. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $27,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMD shares. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Raymond James Financial upgraded shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $565.00 to $641.00 in a report on Tuesday. Truist Financial lifted their target price on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $553.72.

Insider Buying and Selling at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the business’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 transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 17,261 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the completion of the transaction, the executive vice president owned 373,317 shares in the company, valued at approximately $171,707,154.15. This represents a 4.42% decrease in their position. 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 sold a total of 241,203 shares of company stock valued at $114,011,942 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Trading Down 2.3%

Shares of NASDAQ AMD opened at $465.58 on Friday. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The firm has a market capitalization of $760.05 billion, a PE ratio of 119.69 and a beta of 2.48. 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 business has a 50-day moving average price of $505.66 and a two-hundred day moving average price of $384.43.

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

Key Advanced Micro Devices News

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

About Advanced Micro Devices

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.