Impax Asset Management Group plc Sells 2,369 Shares of Advanced Micro Devices, Inc. $AMD

Impax Asset Management Group plc lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,448 shares of the semiconductor manufacturer’s stock after selling 2,369 shares during the period. Impax Asset Management Group plc’s holdings in Advanced Micro Devices were worth $27,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMD. Luminist Capital LLC purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $46,000. BOK Financial Private Wealth Inc. purchased a new position in Advanced Micro Devices during the 2nd quarter worth $53,000. Toews Corp ADV acquired a new position in Advanced Micro Devices during the 2nd quarter valued at about $66,000. Joseph Group Capital Management acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $25,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Paul Darren Grasby sold 15,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Ava Hahn sold 2,993 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president owned 26,623 shares in the company, valued at $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 210,763 shares of company stock valued at $99,912,107. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Mizuho upped their price objective on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the company an “outperform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research raised shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Raymond James Financial upgraded shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $565.00 to $641.00 in a research note on Tuesday. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $553.72.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $479.18 on Wednesday. The stock has a market capitalization of $782.25 billion, a price-to-earnings ratio of 123.18 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The firm’s 50 day simple moving average is $509.02 and its 200-day simple moving average is $379.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the previous year, the business posted $0.48 EPS. The business’s revenue was up 50.1% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

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

Advanced Micro Devices Company Profile

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.