Talon Private Wealth LLC Acquires New Position in Advanced Micro Devices, Inc. $AMD

Talon Private Wealth LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,328 shares of the semiconductor manufacturer’s stock, valued at approximately $1,352,000.

Other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System lifted its position in Advanced Micro Devices by 58,272.0% during the second quarter. California State Teachers Retirement System now owns 1,436,775,740 shares of the semiconductor manufacturer’s stock worth $834,637,395,000 after buying an additional 1,434,314,328 shares in the last quarter. Norges Bank purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $4,929,312,000. Bank of America Corp DE purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at $7,022,226,000. Cardano Risk Management B.V. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $1,000,783,000. Finally, BlackRock Inc. increased its stake in shares of Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 2.5%

AMD stock traded up $12.53 during mid-day trading on Friday, hitting $516.13. 18,997,728 shares of the company were exchanged, compared to its average volume of 33,696,973. Advanced Micro Devices, Inc. has a 12-month low of $149.85 and a 12-month high of $584.73. The firm has a market capitalization of $842.57 billion, a P/E ratio of 132.68, a PEG ratio of 5.40 and a beta of 2.48. The business has a fifty day simple moving average of $495.78 and a 200-day simple moving average of $403.04. 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 (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the firm earned $0.48 EPS. The business’s revenue was up 50.1% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. CLSA reissued an “outperform” rating and set a $710.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. Mizuho raised their price objective on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Argus lifted their target price on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wolfe Research set a $450.00 target price on shares of Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Melius Research set a $660.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $565.12.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: At the Goldman Sachs Communacopia + Technology Conference, AMD highlighted its AI and data-center opportunity, including the Helios platform and a market that management estimates could reach $2 trillion. The presentation reinforced expectations for continued accelerator, CPU, and infrastructure growth. AMD Goldman Sachs Conference Transcript
• Positive Sentiment: Piper Sandler upgraded AMD to “strong buy,” while CLSA raised the stock to “moderate buy.” Other bullish commentary points to server CPU share gains, agentic-AI adoption, and potential upside from the MI450 launch, with some analysts citing price targets near $600. Piper Sandler AMD Rating
• Positive Sentiment: TSMC reported August revenue growth of 53.3% year over year and 10.1% sequentially, signaling that hyperscaler and enterprise demand for advanced AI chips remains strong. This supports AMD’s data-center growth outlook, despite potential manufacturing and packaging-cost pressures. TSMC August Revenue
• Positive Sentiment: Reported institutional options activity included purchases of AMD positions, adding to favorable trading momentum, though options flows are speculative and do not necessarily indicate long-term fundamentals. AMD Options Flow
• Neutral Sentiment: Analysts continue comparing AMD favorably with Qualcomm, Marvell, and Nvidia because of its CPU and GPU exposure, but these comparisons underscore that AMD must execute successfully against stronger AI incumbents.
• Negative Sentiment: One Seeking Alpha analysis downgraded AMD, arguing that the long-term bull case remains intact but that much of the easier upside is already reflected in the share price. AMD’s high earnings multiple leaves the stock vulnerable to execution, margin, or demand disappointments. AMD Rating Downgrade
• Negative Sentiment: Broadcom’s growing custom-AI-chip business remains a competitive threat, particularly as hyperscalers develop alternatives to merchant GPUs. TSMC’s strong results also highlighted rising costs for fabrication, memory, and advanced packaging that could pressure AMD’s margins.

Insider Buying and Selling

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $459.95, for a total value of $7,939,196.95. Following the transaction, the executive vice president owned 373,317 shares of the company’s stock, valued at approximately $171,707,154.15. This represents a 4.42% decrease in their ownership of the stock. 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 have sold 107,577 shares of company stock valued at $51,922,920 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.