Renaissance Technologies LLC Sells 1,047,366 Shares of Advanced Micro Devices, Inc. $AMD

Renaissance Technologies LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 82.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,944 shares of the semiconductor manufacturer’s stock after selling 1,047,366 shares during the period. Renaissance Technologies LLC’s holdings in Advanced Micro Devices were worth $42,842,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $25,000. Sarver Vrooman Wealth Advisors purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $27,000. Cornerstone Financial Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth $27,000. Basepoint Wealth LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth $30,000. Finally, Wilkerson Advisory Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth $33,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Analysts raised targets following AMD’s Advancing AI event. Mizuho cited potential upside from AMD’s Helios rack-scale systems and upcoming Venice server CPUs, while Wedbush raised its target to $600 and Baird reportedly doubled its target to $1,250, reflecting confidence in AMD’s ability to gain share in AI infrastructure. Mizuho Lifts AMD Stock Price Target
• Positive Sentiment: AMD is positioning itself as a full AI-systems provider. Helios rack systems, the Venice CPU platform, and a new disaggregated inference architecture developed with Cerebras could help AMD compete more directly with Nvidia in enterprise and hyperscale AI deployments. Partnerships involving Microsoft and Anthropic further support the company’s strategy of selling integrated CPUs, GPUs, networking, and rack-level systems. AMD and Cerebras Create a New Blueprint for Hardware
• Positive Sentiment: The long-term growth outlook remains aggressive. Commentary suggests AMD could exceed CEO Lisa Su’s prior $100 billion revenue ambition earlier than expected if hyperscaler AI spending continues and customers seek a second major supplier to Nvidia. AMD Revenue Outlook
• Neutral Sentiment: AMD’s valuation leaves the stock sensitive to expectations. With a market capitalization above $800 billion and a very high earnings multiple, investors appear to be demanding continued exceptional execution. The company’s upcoming earnings report will be important for validating AI demand, supply availability, and forward guidance.
• Negative Sentiment: Broad semiconductor selling overwhelmed company-specific positives. AMD and other chip stocks came under pressure amid concerns about elevated GPU prices, the sustainability of AI spending, and reports of China advancing domestic lithography and memory production. Sector-wide technical and fund-driven selling added to the pressure. Chip Stocks Slide on China Semiconductor Progress
• Negative Sentiment: Reported insider activity is a cautionary signal. Quiver data shows AMD insiders made numerous sales, including transactions by CEO Lisa Su, with no open-market purchases during the period reviewed. While sales may reflect compensation or diversification, the pattern can weigh on sentiment.

Analyst Ratings Changes

A number of research analysts have weighed in on AMD shares. Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $505.00 to $615.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada restated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a report on Friday. KeyCorp lifted their price target on shares of Advanced Micro Devices from $530.00 to $725.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Roth Capital upped their price target on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a report on Friday. Finally, Northland Securities reissued a “market perform” rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven have given a Hold rating and one has assigned 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 $528.11.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the company’s 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 transaction, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 310,310 shares of company stock worth $141,185,456 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 5.2%

NASDAQ:AMD opened at $494.95 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The company has a market cap of $807.07 billion, a price-to-earnings ratio of 162.28 and a beta of 2.47. The stock has a fifty day simple moving average of $514.08 and a 200-day simple moving average of $343.51. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during 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 business’s revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 6.27 EPS for the current year.

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.