HighTower Advisors LLC Reduces Stake in Advanced Micro Devices, Inc. $AMD

HighTower Advisors LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 428,637 shares of the semiconductor manufacturer’s stock after selling 21,683 shares during the quarter. HighTower Advisors LLC’s holdings in Advanced Micro Devices were worth $249,000,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Advisor OS LLC grew its holdings in Advanced Micro Devices by 21.5% in the second quarter. Advisor OS LLC now owns 4,414 shares of the semiconductor manufacturer’s stock valued at $2,564,000 after purchasing an additional 782 shares during the last quarter. Weil Company Inc. purchased a new position in shares of Advanced Micro Devices in the second quarter valued at $458,000. Convergence Financial LLC raised its stake in shares of Advanced Micro Devices by 87.2% during the 2nd quarter. Convergence Financial LLC now owns 3,850 shares of the semiconductor manufacturer’s stock worth $2,237,000 after buying an additional 1,793 shares during the last quarter. TBH Global Asset Management LLC raised its stake in shares of Advanced Micro Devices by 14.7% during the 2nd quarter. TBH Global Asset Management LLC now owns 1,435 shares of the semiconductor manufacturer’s stock worth $834,000 after buying an additional 184 shares during the last quarter. Finally, Triton Wealth Management PLLC boosted its position in shares of Advanced Micro Devices by 6.5% in the 2nd quarter. Triton Wealth Management PLLC now owns 1,319 shares of the semiconductor manufacturer’s stock worth $766,000 after buying an additional 81 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Advanced Micro Devices News

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

• Positive Sentiment: CEO Lisa Su reportedly expects AMD’s server revenue to grow by more than 80% during the current half, excluding the company’s AI accelerator business. The outlook reinforces the strength of AMD’s broader data-center franchise. Lisa Su Says AMD’s Server Revenue Will Grow More Than 80%
• Positive Sentiment: AMD unveiled Instinct Coder for private enterprise AI, while a reported acquisition of a Canadian startup could support specialized, model-focused AI inference. These developments expand AMD’s enterprise AI offering, although their financial impact remains unproven. AMD Unveils Instinct Coder
• Positive Sentiment: AMD’s recently announced $4.75 billion debt offering provides capital for AI and data-center expansion. The financing may accelerate growth, though it also increases interest and execution risks. AMD Rises on $4.75 Billion Debt Offering
• Neutral Sentiment: AMD’s first 13F disclosed a $1.31 billion equity portfolio concentrated in six holdings, including a large SpaceX stake. The filing highlights potentially valuable strategic investments but does not directly change AMD’s chip-business earnings outlook. AMD’s $1.3 Billion Portfolio
• Negative Sentiment: Valuation remains a major concern: commentary says AMD trades at a substantially higher premium than NVIDIA, leaving the stock vulnerable to profit-taking if growth expectations cool. AMD vs. Nvidia Valuation
• Negative Sentiment: Executives Mark Papermaster and Paul Grasby sold shares under pre-arranged plans to cover tax withholding on vested equity awards. The transactions were not discretionary bearish bets, but insider selling can still weigh on sentiment. AMD Insider Sale Filing
• Negative Sentiment: Ark Invest sold approximately $13.1 million of AMD while buying NVIDIA, adding near-term selling pressure and reinforcing concerns about competition and relative valuation. Ark Invest Sells AMD

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $484.39 on Wednesday. The firm has a 50 day simple moving average of $512.26 and a 200-day simple moving average of $371.71. 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 market cap of $790.75 billion, a PE ratio of 124.52 and a beta of 2.48. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share 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 during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the firm posted $0.48 EPS. Advanced Micro Devices’s revenue was up 50.1% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 7,369 shares of Advanced Micro Devices stock in a transaction on Friday, August 14th. The stock was sold at an average price of $487.34, for a total value of $3,591,208.46. Following the completion of the sale, the executive vice president owned 1,241,347 shares of the company’s stock, valued at $604,958,046.98. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares of the company’s stock, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 163,959 shares of company stock valued at $77,640,312. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMD shares. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, June 15th. HSBC cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lifted their target price for the stock from $335.00 to $340.00 in a research report on Monday, May 4th. William Blair reiterated a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, Citigroup upgraded Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 22nd. Three research 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 stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $546.87.

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.