Mirabaud & Cie SA Lowers Stock Position in Advanced Micro Devices, Inc. $AMD

Mirabaud & Cie SA trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,015 shares of the semiconductor manufacturer’s stock after selling 1,103 shares during the period. Advanced Micro Devices accounts for 2.1% of Mirabaud & Cie SA’s holdings, making the stock its 10th largest position. Mirabaud & Cie SA’s holdings in Advanced Micro Devices were worth $5,237,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Southpoint Capital Advisors LP increased its stake in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock valued at $183,087,000 after purchasing an additional 300,000 shares during the last quarter. Jefferies Financial Group Inc. lifted its position in shares of Advanced Micro Devices by 6,228.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock worth $65,966,000 after buying an additional 303,154 shares during the last quarter. Boomfish Wealth Group LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at about $1,193,000. Dimensional Fund Advisors LP grew its position in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after acquiring an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth about $1,118,000. 71.34% of the stock is currently owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD agreed to acquire Taalas, a developer of specialized AI inference chips, for an undisclosed amount. Taalas’ technology is designed to reduce computing and memory bottlenecks and could improve inference speed and efficiency when combined with AMD Instinct GPUs. The deal strengthens AMD’s strategy as AI demand shifts from model training toward high-volume, real-time inference. AMD deepens AI inference bet with Taalas deal
• Positive Sentiment: Analysts continued raising their valuation targets after AMD’s strong second-quarter performance. Rosenblatt lifted its target to $700 and maintained a Buy rating, adding to bullish targets from firms including Jefferies, Truist, Cantor Fitzgerald and Wedbush. AMD analyst price target update
• Positive Sentiment: AMD reported quarterly revenue of $11.54 billion, up 50% year over year, while data-center revenue more than doubled to approximately $6.7 billion. Management also expects data-center revenue to more than double in 2027, supported by Helios and expanding AI infrastructure demand.
• Neutral Sentiment: The broader AI semiconductor trade remains supportive, but Nvidia’s software and engineering-tool expansion highlights the competitive challenge AMD faces in building a complete AI ecosystem. Nvidia bets on design tools while AMD scales hardware
• Negative Sentiment: Risks remain from AMD’s demanding valuation, muted margin expectations and Nvidia’s dominant market position. SpaceX’s decision to use Nvidia chips exclusively has also reinforced concerns about AMD’s ability to win major AI customers.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. This represents a 4.14% 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. In the last ninety days, insiders sold 285,934 shares of company stock worth $130,353,006. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday, June 15th. Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Citigroup upgraded shares of Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $542.53.

Advanced Micro Devices Stock Up 1.5%

NASDAQ:AMD opened at $489.28 on Friday. The firm’s 50 day simple moving average is $515.22 and its 200 day simple moving average is $358.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The company has a market cap of $797.82 billion, a PE ratio of 125.78 and a beta of 2.48.

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. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.34 earnings per share for the current year.

Advanced Micro Devices Company 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.