Reynders McVeigh Capital Management LLC Sells 1,854 Shares of Advanced Micro Devices, Inc. $AMD

Reynders McVeigh Capital Management LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,203 shares of the semiconductor manufacturer’s stock after selling 1,854 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Advanced Micro Devices were worth $19,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter worth $4,929,312,000. Bank of America Corp DE purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $7,022,226,000. Cardano Risk Management B.V. bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $1,000,783,000. BlackRock Inc. increased its stake in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Advanced Micro Devices by 340.1% in the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock worth $1,016,796,000 after acquiring an additional 3,669,054 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa Su sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the sale, the chief executive officer directly owned 74,211 shares of the company’s stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were 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. The trade was a 10.11% 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. Insiders have sold a total of 196,577 shares of company stock worth $96,850,690 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Analyst support provided the clearest near-term catalyst. Piper Sandler reiterated its Overweight rating and $600 price target after investor discussions, implying further upside from recent levels. Why is AMD stock gaining today?
• Positive Sentiment: AI infrastructure demand remains a long-term support. Articles argue that a possible slowdown in frontier-model development may not reduce spending on data-center infrastructure, particularly as inference workloads expand. AMD’s Helios rack systems and growing hyperscaler relationships could help it close the gap with Nvidia. Prediction: AMD Could Be Closing the Gap in the AI Chip Race
• Positive Sentiment: AMD expanded its software ecosystem. A collaboration with SiFive demonstrated AMD’s ROCm software running on a RISC-V data-center platform, potentially broadening adoption of AMD-based AI systems and reducing dependence on a single hardware ecosystem. SiFive and AMD Collaborate to Optimize AMD ROCm on RISC-V Datacenter Servers
• Neutral Sentiment: Policy developments eased some sector-wide fears. President Trump rejected calls to slow frontier AI development, supporting the broader investment outlook for Nvidia and AMD. Still, the immediate effect depends on whether hyperscalers maintain their capital-spending plans. Donald Trump Rejects Calls for AI Slowdown
• Negative Sentiment: Valuation and competitive risks remain significant. Commentary notes that AMD has more than doubled over the past year and trades at a demanding earnings multiple, while Nvidia is expected by some analysts to remain ahead through 2028. CEO Lisa Su’s sales of shares under a pre-arranged Rule 10b5-1 plan and Fidelity’s lack of ownership also add caution, although neither necessarily signals a change in AMD’s fundamentals. Nvidia Will Still Beat AMD Through 2028

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMD shares. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. BMO Capital Markets started coverage on Advanced Micro Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 target price on the stock. Bank of America lifted their price target on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Stifel Nicolaus upped their price objective 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, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $565.12.

Advanced Micro Devices Trading Up 2.2%

AMD stock traded up $10.79 during mid-day trading on Tuesday, reaching $504.20. 17,087,347 shares of the stock traded hands, compared to its average volume of 33,552,254. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a one year low of $149.85 and a one year high of $584.73. The stock has a market capitalization of $823.09 billion, a PE ratio of 129.61, a PEG ratio of 5.35 and a beta of 2.48. The business has a 50-day moving average price of $494.57 and a two-hundred day moving average price of $407.26.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $11.31 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.