Glenmede Trust Co. NA Has $9 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Glenmede Trust Co. NA raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,224 shares of the semiconductor manufacturer’s stock after buying an additional 1,560 shares during the period. Glenmede Trust Co. NA’s holdings in Advanced Micro Devices were worth $8,996,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $4,929,312,000. Jennison Associates LLC grew its stake in shares of Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after acquiring an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $1,000,783,000. Wellington Management Group LLP grew its holdings in shares of 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 purchasing an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Advanced Micro Devices by 340.1% in the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $484.64 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $790.25 billion, a price-to-earnings ratio of 158.90 and a beta of 2.48. The stock has a 50 day moving average of $515.77 and a 200 day moving average of $352.55. 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 quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 9.55% and a net margin of 13.37%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMD. Raymond James Financial began coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They issued a “market perform” rating on the stock. Bank of America increased their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Roth Capital lifted their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $529.46.

Insider Buying and Selling at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. The trade was a 9.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. The trade was a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 310,310 shares of company stock valued at $141,185,456 in the last three months. 0.50% of the stock is owned by corporate insiders.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Analysts expect strong second-quarter growth, supported by robust demand for EPYC server CPUs, Instinct AI accelerators and cloud infrastructure. Data-center revenue is expected to be the central catalyst, with some estimates calling for revenue above $6 billion and total company revenue near $11.2 billion. Can Strong Data Center Revenues Boost AMD’s Top Line in Q2 Earnings?
• Positive Sentiment: AMD’s Helios rack-scale AI platform is being positioned as a broader challenge to Nvidia’s integrated AI systems, potentially expanding AMD’s opportunity beyond individual GPUs. Bernstein also raised its AI-server forecast ahead of the results. AMD’s Helios Is Coming for Nvidia’s Rack, Not Just Its GPU
• Positive Sentiment: A partnership with Core Scientific involving more than 500 megawatts of planned U.S. capacity beginning in 2027 highlights potential long-term demand for AMD-powered AI data-center infrastructure, although the agreement is not expected to materially affect near-term results. Core Scientific partnership with AMD
• Neutral Sentiment: Options markets imply an unusually large post-earnings move of roughly 8.5% to 9%, reflecting elevated uncertainty. Investors may focus more on forward guidance, AI-server demand and the pace of the Helios ramp than on whether AMD simply beats quarterly estimates. AMD options price a 9% earnings move
• Negative Sentiment: AMD’s valuation has become demanding after the stock more than doubled during the year. Analysts warn that a routine earnings beat may not be sufficient, leaving the shares vulnerable if data-center growth or guidance falls short of exceptionally high expectations. AMD earnings preview
• Negative Sentiment: Semiconductor stocks have recently suffered a sharp sector-wide reversal amid concerns about AI-spending profitability, increasing the risk that AMD could decline even on solid results. Cathie Wood’s Ark Invest also reported selling $68.1 million of AMD shares in July, including an $11.8 million sale in one day. Cathie Wood’s Ark Invest sold AMD stock

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.