LGT Fund Management Co Ltd. Has $9.17 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

LGT Fund Management Co Ltd. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 817.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 45,093 shares of the semiconductor manufacturer’s stock after buying an additional 40,180 shares during the period. LGT Fund Management Co Ltd.’s holdings in Advanced Micro Devices were worth $9,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $4,929,312,000. Jennison Associates LLC raised its position in Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $1,000,783,000. Wellington Management Group LLP lifted its holdings in Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after buying an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position 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 valued at $1,016,796,000 after buying an additional 3,669,054 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 6,000 shares of Advanced Micro Devices stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the transaction, the executive vice president directly owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. 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 374,739 shares of company stock worth $161,135,671 in the last three months. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 2.0%

NASDAQ:AMD traded up $11.17 during mid-day trading on Friday, hitting $557.89. The company had a trading volume of 20,634,405 shares, compared to its average volume of 27,759,392. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices, Inc. has a fifty-two week low of $141.60 and a fifty-two week high of $584.73. The firm has a market cap of $909.70 billion, a P/E ratio of 182.92, a P/E/G ratio of 1.64 and a beta of 2.47. The business’s fifty day moving average is $491.60 and its two-hundred day moving average is $318.92.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.18 earnings per share for the current year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Stifel raised its AMD price target to $635 from $450 and reiterated a Buy rating, citing AMD’s growing strength in AI servers and EPYC CPUs.
• Positive Sentiment: Goldman Sachs and other firms have also lifted targets recently, signaling rising Wall Street confidence in AMD’s AI and data-center growth. Goldman Sachs raises AMD stock price target for the rest of 2026 on surging agentic AI CPU demand
• Positive Sentiment: AMD announced a new AI campus partnership, adding another potential growth avenue tied to large-scale AI infrastructure spending. AMD Stock Rallies on a New AI Campus Partnership
• Neutral Sentiment: AMD’s upcoming Aug. 4 earnings report is creating anticipation for a possible beat-and-raise quarter, but the actual results are still pending.
• Negative Sentiment: ARK Invest continued selling AMD shares, which may temper enthusiasm among some investors. Cathie Wood Bets Big on META Ahead of Q2 Earnings, Sells AMD and Other Growth Stocks

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Roth Capital restated a “buy” rating and set a $500.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Loop Capital upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Tuesday, June 16th. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Rosenblatt Securities upped their target price on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Mizuho raised their target price on shares of Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $458.92.

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.