Kinetic Partners Management LP Has $99.05 Million Stake in Advanced Micro Devices, Inc. $AMD

Kinetic Partners Management LP decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 170,500 shares of the semiconductor manufacturer’s stock after selling 60,700 shares during the quarter. Advanced Micro Devices accounts for about 2.4% of Kinetic Partners Management LP’s investment portfolio, making the stock its 12th biggest holding. Kinetic Partners Management LP’s holdings in Advanced Micro Devices were worth $99,045,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. BlackRock Inc. lifted its stake 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 valued at $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. State Street Corp increased its stake in shares of Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock worth $16,044,712,000 after purchasing an additional 1,094,835 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after purchasing an additional 287,525 shares during the last quarter. Norges Bank bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $4,929,312,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Advanced Micro Devices by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock valued at $4,352,864,000 after purchasing an additional 55,969 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total value of $7,214,100.00. Following the completion of the transaction, the chief executive officer owned 3,102,156 shares of the company’s stock, valued at $1,491,950,906.64. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was 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 of the company’s stock, valued at $13,010,393.87. This represents a 10.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 241,203 shares of company stock valued at $114,011,942 in the last quarter. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $465.58 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a market cap of $760.05 billion, a P/E ratio of 119.69 and a beta of 2.48. The business’s 50 day moving average is $505.66 and its two-hundred day moving average is $384.43. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices’s revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Key Stories Impacting Advanced Micro Devices

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

Analyst Ratings Changes

A number of brokerages recently issued reports on AMD. DA Davidson upped their price objective on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley upped their price target on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Truist Financial increased their price objective on Advanced Micro Devices from $478.00 to $594.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, UBS Group reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $553.72.

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.