Connor Clark & Lunn Investment Management Ltd. Acquires 40,568 Shares of Advanced Micro Devices, Inc. $AMD

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 734,227 shares of the semiconductor manufacturer’s stock after acquiring an additional 40,568 shares during the quarter. Advanced Micro Devices accounts for approximately 0.8% of Connor Clark & Lunn Investment Management Ltd.’s investment portfolio, making the stock its 25th largest position. Connor Clark & Lunn Investment Management Ltd.’s holdings in Advanced Micro Devices were worth $426,520,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at $30,000. Finally, Graney & King LLC bought a new position in shares of Advanced Micro Devices in the 1st quarter valued at $31,000. 71.34% of the stock is currently 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: AI growth outlook remains robust: AMD’s second-quarter revenue increased 50% year over year to approximately $11.5 billion, with data-center revenue more than doubling to $6.7 billion. Management’s roughly $13 billion third-quarter revenue outlook and 56% gross-margin forecast support expectations for continued momentum. AMD growth outlook
• Positive Sentiment: Analyst upgrade and product catalysts: Raymond James upgraded AMD, citing a potential $201 billion revenue opportunity by 2030 from agentic AI. AMD is also preparing the MI455X accelerator and Helios rack system, while ROCm 10, UCIe connectivity and new secure-AI initiatives could strengthen its ecosystem. Raymond James AMD upgrade
• Positive Sentiment: Enterprise AI positioning: AMD’s equity investment and joint development agreement with Nutanix could help it offer more complete inference and agentic-AI systems as an open alternative to Nvidia’s platform. AMD and Nutanix partnership
• Neutral Sentiment: Anthropic’s mixed chip strategy: Anthropic reportedly previously committed substantial spending involving AMD but later signed a six-year, $45 billion lease for Nvidia-powered capacity. The news suggests AMD remains relevant, but Nvidia may be the preferred provider for the largest AI workloads. Anthropic AMD and Nvidia spending
• Negative Sentiment: Insider and fund selling: EVP Forrest Norrod sold about $7.9 million of AMD stock and EVP Jean Hu sold approximately $7.1 million, both under pre-arranged Rule 10b5-1 plans. ARK Invest also sold about $18.2 million of AMD while rotating into Broadcom and Cerebras, weighing on sentiment after AMD’s substantial rally. AMD insider sale filing
• Negative Sentiment: Competition and risk factors: Nvidia’s blowout results emphasized AMD’s weaker margins and software ecosystem, while AMD’s elevated valuation, potential semiconductor tariffs, export restrictions and rising memory costs increase the execution risk required to sustain its growth expectations. Nvidia versus AMD investment comparison

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 28,811 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. The trade was a 2.23% decrease in their position. The transaction was disclosed in a legal filing 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 Eugene Norrod sold 17,261 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the transaction, the executive vice president directly owned 373,317 shares in the company, 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 a total of 241,203 shares of company stock worth $114,011,942 over the last ninety days. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

AMD stock opened at $476.67 on Friday. The firm has a market cap of $778.15 billion, a PE ratio of 122.54 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $507.14 and a 200-day moving average price of $383.86. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results 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 return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMD shares. Loop Capital upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Mizuho boosted their price target on Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Melius Research set a $660.00 price objective on Advanced Micro Devices in a research note on Friday, July 24th. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities upped their price target on shares of Advanced Micro Devices from $665.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $553.72.

Advanced Micro Devices Company 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.