Parallel Advisors LLC Boosts Stake in Advanced Micro Devices, Inc. $AMD

Parallel Advisors LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,390 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,516 shares during the quarter. Parallel Advisors LLC’s holdings in Advanced Micro Devices were worth $8,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Norges Bank purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $4,929,312,000. Jennison Associates LLC raised its stake in 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 purchasing an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $1,000,783,000. Wellington Management Group LLP lifted its position in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Advanced Micro Devices by 340.1% during 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 during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 341,630 shares of company stock valued at $152,147,456. Company insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $495.76 on Monday. The firm has a market cap of $808.39 billion, a price-to-earnings ratio of 162.54, a PEG ratio of 1.43 and a beta of 2.47. 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 $149.22 and a fifty-two week high of $584.73. The firm has a 50 day moving average price of $503.89 and a 200-day moving average price of $330.45.

Advanced Micro Devices (NASDAQ:AMD) last released 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 company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.26 earnings per share for the current year.

More Advanced Micro Devices News

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

• Positive Sentiment: Wall Street remains constructive on AMD, with KeyCorp reiterating an Overweight rating and a $725 price target, while other firms like Erste Group also raised forward earnings estimates. This supports the view that AMD’s longer-term AI and data-center growth story remains intact. AMD analyst and earnings estimates
• Positive Sentiment: Investors are looking ahead to AMD’s Advancing AI 2026 event next week, where analysts expect new AI products, customer wins, and potentially major partnership news. Some reports say the event could include updates that improve sentiment around AMD’s AI opportunity and competitive position versus Nvidia. AMD Advancing AI event article
• Neutral Sentiment: AMD’s recent quarter showed strong fundamentals, with revenue up 37.8% year over year to about $10.3 billion. That provides a supportive backdrop, but it has not been enough to offset the market’s current risk-off mood toward chip stocks. AMD quarterly revenue background
• Negative Sentiment: Sentiment was also hurt by a report that Chief Technology Officer Mark Papermaster sold 6,000 shares, adding to an already heavy pattern of insider selling. Over the past six months, AMD insiders have made 100 open-market sales and no purchases, which can make some investors cautious. AMD insider sale article
• Negative Sentiment: Broader market coverage described AMD as part of a semiconductor rout, with traders taking profits after a strong run in AI stocks. That rotation is the main reason AMD shares are weaker today, even though the company’s long-term AI narrative remains intact. Chipmaker rout article

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMD. Melius Research set a $540.00 price target on shares of Advanced Micro Devices in a report on Monday, May 18th. Northland Securities reaffirmed a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 27th. UBS Group reiterated a “buy” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Raymond James Financial assumed coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating on the stock. Finally, Citigroup downgraded Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have given 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 an average target price of $468.65.

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.