Farringdon Capital Ltd. Sells 12,668 Shares of Advanced Micro Devices, Inc. $AMD

Farringdon Capital Ltd. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,545 shares of the semiconductor manufacturer’s stock after selling 12,668 shares during the quarter. Advanced Micro Devices comprises about 1.6% of Farringdon Capital Ltd.’s investment portfolio, making the stock its 17th largest holding. Farringdon Capital Ltd.’s holdings in Advanced Micro Devices were worth $3,221,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the fourth quarter worth $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Basepoint Wealth LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Graney & King LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $31,000. 71.34% of the stock is currently owned by institutional investors.

Key Stories Impacting Advanced Micro Devices

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMD shares. Roth Capital raised their price objective on Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. DA Davidson increased their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Melius Research set a $660.00 price target on Advanced Micro Devices in a report on Friday, July 24th. Stifel Nicolaus boosted their price target on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.72.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their position. The sale was disclosed in a legal filing 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 Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 228,024 shares of company stock worth $107,851,304 in the last ninety days. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Up 0.4%

Shares of AMD stock opened at $480.93 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The firm has a market capitalization of $785.10 billion, a PE ratio of 123.63 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock’s 50-day simple moving average is $508.39 and its 200-day simple moving average is $381.97.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during 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 company’s revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

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.