Jennison Associates LLC Raises Stock Holdings in Advanced Micro Devices, Inc. $AMD

Jennison Associates LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.8% in the second quarter, Holdings Channel reports. The firm owned 9,972,952 shares of the semiconductor manufacturer’s stock after purchasing an additional 545,575 shares during the quarter. Advanced Micro Devices accounts for about 3.5% of Jennison Associates LLC’s investment portfolio, making the stock its 8th largest position. Jennison Associates LLC’s holdings in Advanced Micro Devices were worth $5,793,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Finally, Graney & King LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $31,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMD shares. Stifel Nicolaus lifted their price objective on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Susquehanna upped their target price on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Zacks Research upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Trading Up 6.5%

Shares of Advanced Micro Devices stock opened at $514.39 on Friday. The firm’s 50 day moving average is $511.77 and its 200 day moving average is $367.48. The firm has a market capitalization of $839.73 billion, a PE ratio of 132.23 and a beta of 2.48. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 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 business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue was up 50.1% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Baird issued a highly bullish $1,250 price target, reinforcing the view that AMD’s AI accelerator and data-center businesses could expand substantially. Broadcom Sinks as AMD Climbs on Baird’s Call
• Positive Sentiment: AMD announced day-one support for the Qwen3.8 27B AI model, a development that may improve adoption of its chips and software among AI developers and data-center customers. AMD Supports Qwen3.8 27B AI Model
• Positive Sentiment: Bank of America raised its 2030 server-CPU market forecast to more than $210 billion from roughly $170 billion, citing demand from AI agents. AMD was identified as one of the bank’s preferred semiconductor investments. Bank of America Raises AI Chip Forecast
• Positive Sentiment: AMD is preparing a record bond offering of up to $5 billion to finance AI infrastructure, partnerships and other corporate needs. The funding could support its Helios platform and large customer commitments, including from Microsoft and AI companies. AMD Plans $5 Billion Bond Sale
• Neutral Sentiment: Institutional activity was mixed: Mirova disclosed a new AMD position worth approximately $145 million, while other funds reported reductions. Because these filings reflect holdings as of June 30, they provide limited insight into current positioning. Mirova Opens AMD Position
• Negative Sentiment: Risks include AMD’s demanding valuation, the added leverage from the bond sale and competitive pressure after reports that SpaceX plans to use Nvidia chips exclusively. Recent insider trading data also shows selling, although the reported sale by SVP Ava Hahn was made under a prearranged Rule 10b5-1 plan. SpaceX Selects Nvidia Exclusively

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 1,233,687 shares in the company, valued at $661,663,348.71. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 143 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $474.75, for a total value of $67,889.25. Following the sale, the senior vice president owned 17,644 shares in the company, valued at $8,376,489. This represents a 0.80% 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. In the last ninety days, insiders sold 161,077 shares of company stock valued at $74,732,145. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices 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.