Advanced Micro Devices, Inc. $AMD Holdings Reduced by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 763,517 shares of the semiconductor manufacturer’s stock after selling 279,077 shares during the period. Advanced Micro Devices comprises about 1.3% of William Blair Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding. William Blair Investment Management LLC’s holdings in Advanced Micro Devices were worth $443,535,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management bought a new stake in Advanced Micro Devices in the 4th quarter worth about $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. Basepoint Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Graney & King LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Strong AI and data-center momentum: AMD reported second-quarter revenue of approximately $11.5 billion, up 50% year over year, while data-center revenue more than doubled to $6.7 billion. Management’s third-quarter outlook for roughly $13 billion of revenue and a 56% gross margin reinforced expectations for continued demand and operating leverage. AMD: The Low-Hanging Fruit Is Gone, But The Stock Is Still A Buy
• Positive Sentiment: Analyst support and competitive positioning: Wall Street firms reiterated bullish views and raised price targets, with Raymond James upgrading AMD to Strong Buy and BMO initiating coverage with a $550 target. Investors also see AMD as a potential alternative to Nvidia for hyperscalers, including through large customer deployments and opportunities in inference and agentic AI. AMD Stock Gets Strong Buy Upgrade From Raymond James
• Positive Sentiment: Product and ecosystem catalysts: AMD’s upcoming Instinct MI455X accelerator is expected to feature 432GB of HBM4 memory, while the Helios rack system is scheduled to begin initial shipments later this quarter. The company is also expanding UCIe connectivity, trusted-AI security capabilities and EPYC processor deployments for autonomous-driving applications. AMD’s Next AI Accelerator Carries 432 Gigabytes of Memory
• Neutral Sentiment: Nvidia earnings remain a near-term trading catalyst: AMD and other semiconductor stocks benefited from positioning ahead of Nvidia’s results. Nvidia’s outlook could validate AI infrastructure demand or trigger a broader reassessment of accelerator valuations. NVIDIA Earnings Could Move These 3 AI Stocks
• Negative Sentiment: Insider selling weighs on sentiment: EVP Forrest Norrod sold 17,261 shares worth about $7.9 million under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a signal about fundamentals, but repeated insider disposals can add pressure after a sharp rally. AMD Insider Sale SEC Filing
• Negative Sentiment: Valuation and execution risks: With AMD trading at a high earnings multiple after a major advance, investors may demand continued exceptional growth. Export-policy uncertainty, rising memory costs and more than $10 billion of planned Taiwan packaging investment could increase execution and margin risks. AMD’s Next Move Could Be Huge

Analyst Ratings Changes

AMD has been the subject of several research reports. Barclays cut shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Needham & Company LLC upgraded shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. BMO Capital Markets initiated coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price for the company. Loop Capital upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Tuesday, June 16th. Finally, Citigroup raised Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $553.72.

Advanced Micro Devices Stock Performance

AMD opened at $480.93 on Thursday. The company’s 50 day moving average is $508.39 and its 200 day moving average is $381.97. 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 company has a market cap of $785.10 billion, a price-to-earnings ratio of 123.63 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.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same period 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. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Activity

In related news, EVP Paul Darren Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction on Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Forrest Eugene Norrod sold 17,261 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $459.95, for a total value of $7,939,196.95. Following the sale, the executive vice president directly owned 373,317 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 228,024 shares of company stock worth $107,851,304. Company insiders own 0.50% of the company’s stock.

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.