Cim Investment Management Inc. Lowers Stake in Advanced Micro Devices, Inc. $AMD

Cim Investment Management Inc. decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% in the second quarter, Holdings Channel reports. The firm owned 8,740 shares of the semiconductor manufacturer’s stock after selling 840 shares during the quarter. Advanced Micro Devices comprises about 1.2% of Cim Investment Management Inc.’s portfolio, making the stock its 15th biggest holding. Cim Investment Management Inc.’s holdings in Advanced Micro Devices were worth $5,077,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AMD. First National Bank of Hutchinson raised its holdings in shares of Advanced Micro Devices by 0.4% in the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock worth $3,276,000 after buying an additional 22 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in Advanced Micro Devices by 1.5% in the 2nd quarter. Delta Asset Management LLC TN now owns 1,497 shares of the semiconductor manufacturer’s stock valued at $870,000 after buying an additional 22 shares in the last quarter. Park Place Capital Corp boosted its stake in Advanced Micro Devices by 19.5% in the 2nd quarter. Park Place Capital Corp now owns 141 shares of the semiconductor manufacturer’s stock valued at $82,000 after buying an additional 23 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Advanced Micro Devices by 12.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock valued at $43,000 after acquiring an additional 24 shares during the period. Finally, Round Rock Advisors LLC grew its position in Advanced Micro Devices by 2.3% in the second quarter. Round Rock Advisors LLC now owns 1,048 shares of the semiconductor manufacturer’s stock valued at $609,000 after acquiring an additional 24 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: World Labs acquisition strengthens AMD’s AI strategy. AMD agreed to acquire AI startup World Labs for approximately $8.2 billion in an all-stock transaction. The deal adds expertise in spatial intelligence, 3D “world models,” robotics and physical AI. Founder Fei-Fei Li will become AMD’s executive vice president and chief scientist, potentially helping the company recruit talent and develop integrated AI hardware, software and systems to compete more effectively with Nvidia. AMD to acquire Fei-Fei Li’s World Labs in $8.2 billion deal
• Positive Sentiment: Analysts remain constructive on AMD’s long-term AI opportunity. Rosenblatt reaffirmed a Buy rating and set a $700 price target, implying further upside from the referenced price. Analysts and commentators also cite rising CPU demand from agentic AI workloads, expanding data-center opportunities and a potential shift toward inference workloads that could benefit AMD’s processors. Wall Street sets AMD stock price for 12 months
• Neutral Sentiment: Manufacturing capacity supports the broader chip cycle. TSMC is accelerating 2-nanometer production and reportedly securing strong demand from advanced-chip designers, including AMD. That supports future access to leading-edge manufacturing, although premium wafer pricing could raise AMD’s costs and pressure margins. Bottlenecking the Future: TSMC Prices Out the Competition
• Negative Sentiment: Valuation and execution risks are limiting enthusiasm. AMD has rallied sharply and trades near its 52-week high, with a very high earnings multiple. Critics argue the World Labs purchase is expensive for a non-chip company and that issuing stock could dilute shareholders. Recent selling by AMD insiders, elevated Treasury yields, profit-taking and renewed concerns about the pace of AI infrastructure spending are additional sources of pressure. AMD Is Having to Pay a Steep Price to Keep Up with Nvidia

Advanced Micro Devices Trading Down 0.0%

Shares of NASDAQ AMD traded down $0.30 during midday trading on Tuesday, hitting $607.57. The stock had a trading volume of 16,348,122 shares, compared to its average volume of 33,109,793. The firm has a market cap of $991.84 billion, a P/E ratio of 156.19, a price-to-earnings-growth ratio of 6.54 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $159.33 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company’s 50-day simple moving average is $506.44 and its 200 day simple moving average is $434.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly 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. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a report on Friday, July 24th. The Goldman Sachs Group increased their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Raymond James Financial raised Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $565.00 to $641.00 in a report on Tuesday, August 25th. Finally, Melius Research set a $660.00 price target on Advanced Micro Devices in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $567.62.

Insider Buying and Selling

In other news, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their position. 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 have sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is currently owned by company insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.