Encore Global Management LP Has $3.48 Million Stake in Advanced Micro Devices, Inc. $AMD

Encore Global Management LP reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,000 shares of the semiconductor manufacturer’s stock after selling 4,500 shares during the period. Advanced Micro Devices makes up 3.4% of Encore Global Management LP’s portfolio, making the stock its 10th largest holding. Encore Global Management LP’s holdings in Advanced Micro Devices were worth $3,485,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of AMD. OneAscent Investment Solutions LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at about $209,000. Beckerman Institutional LLC purchased a new stake in shares of Advanced Micro Devices in the second quarter worth about $426,000. Patron Partners LLC lifted its position in shares of Advanced Micro Devices by 18.7% in the second quarter. Patron Partners LLC now owns 1,872 shares of the semiconductor manufacturer’s stock worth $1,087,000 after buying an additional 295 shares in the last quarter. OneAscent Family Office LLC boosted its stake in Advanced Micro Devices by 18.7% during the second quarter. OneAscent Family Office LLC now owns 2,314 shares of the semiconductor manufacturer’s stock valued at $1,344,000 after buying an additional 364 shares during the last quarter. Finally, OneAscent Financial Services LLC grew its holdings in Advanced Micro Devices by 13.6% during the 2nd quarter. OneAscent Financial Services LLC now owns 8,863 shares of the semiconductor manufacturer’s stock valued at $5,149,000 after buying an additional 1,064 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Raymond James upgraded AMD to “Strong Buy,” citing improving AI accelerator prospects and potential for the stock to outperform. Other reports highlighted bullish price targets, including BMO Capital’s $550 target and expectations that AMD could continue narrowing NVIDIA’s competitive advantage. AMD Stock Gets Strong Buy Upgrade From Raymond James
• Positive Sentiment: AMD announced UCIe connectivity for its Versal adaptive SoCs, strengthening the company’s positioning in advanced chiplet and data-center designs. Investors viewed the update as supportive of AMD’s long-term AI and infrastructure strategy. AMD Stock Rallies on UCIe Chip Update
• Positive Sentiment: Reports emphasized large GPU commitments from customers including OpenAI and Meta, supporting the view that AMD is becoming a credible alternative to NVIDIA in AI infrastructure. Analysts also see continued strength in CPU demand as data centers become more compute-intensive. AMD Is Winning Nvidia Customers
• Neutral Sentiment: NVIDIA’s earnings on August 26 are a near-term catalyst for AMD and the entire semiconductor sector. Strong AI demand and guidance could lift AMD, while any signs of slowing accelerator spending could pressure the shares. NVIDIA Earnings Could Move AI Stocks
• Negative Sentiment: Some analysts remain cautious, arguing that AMD’s elevated valuation leaves less room for execution disappointments. Repeated insider selling—particularly by CEO Lisa Su and other executives—also raises concerns about profit-taking after the stock’s substantial year-to-date advance. AMD More Downside Risks
• Negative Sentiment: AMD’s planned investment of more than $10 billion in Taiwan advanced packaging and its recent $4.75 billion debt offering increase capacity for AI growth but could weigh on near-term cash flow, leverage, and margins. AMD Debt Raise and Taiwan AI Push

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMD. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a report on Friday, July 24th. KeyCorp set a $650.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Raymond James Financial raised shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $565.00 to $641.00 in a research note on Tuesday. Finally, Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $553.72.

Advanced Micro Devices Stock Up 4.9%

NASDAQ AMD opened at $479.18 on Wednesday. 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, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The firm has a market capitalization of $782.25 billion, a price-to-earnings ratio of 123.18 and a beta of 2.48. The company has a fifty day moving average of $509.02 and a two-hundred day moving average of $379.94.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 transaction, the senior vice president owned 26,623 shares of the company’s stock, valued at $13,010,393.87. This trade represents 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 sold a total of 210,763 shares of company stock worth $99,912,107 in the last three months. 0.50% of the stock is owned by insiders.

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.