Dragoneer Investment Group LLC Acquires Shares of 943,987 Advanced Micro Devices, Inc. $AMD

Dragoneer Investment Group LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 943,987 shares of the semiconductor manufacturer’s stock, valued at approximately $548,371,000. Advanced Micro Devices accounts for approximately 19.3% of Dragoneer Investment Group LLC’s portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of AMD. MCF Advisors LLC grew its position in shares of Advanced Micro Devices by 7.8% in the second quarter. MCF Advisors LLC now owns 3,523 shares of the semiconductor manufacturer’s stock valued at $2,047,000 after purchasing an additional 255 shares in the last quarter. Gemmer Asset Management LLC raised its stake in shares of Advanced Micro Devices by 2.0% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,774 shares of the semiconductor manufacturer’s stock valued at $1,611,000 after purchasing an additional 54 shares during the period. National Pension Service lifted its holdings in Advanced Micro Devices by 1.4% during the 2nd quarter. National Pension Service now owns 3,600,765 shares of the semiconductor manufacturer’s stock worth $2,091,720,000 after purchasing an additional 49,053 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Advanced Micro Devices during the 2nd quarter worth about $1,295,000. Finally, Engineers Gate Manager LP boosted its stake in Advanced Micro Devices by 287.6% in the 2nd quarter. Engineers Gate Manager LP now owns 51,157 shares of the semiconductor manufacturer’s stock worth $29,718,000 after purchasing an additional 37,958 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Forrest Norrod sold 17,261 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the completion of the sale, the executive vice president owned 373,317 shares of the company’s stock, valued at $171,707,154.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale 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, CEO Lisa Su sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total value of $7,214,100.00. Following the completion of the sale, the chief executive officer directly owned 3,102,156 shares of the company’s stock, valued at approximately $1,491,950,906.64. The trade was a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 107,577 shares of company stock valued at $51,922,920. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AI market opportunity raised: CFO Jean Hu told investors at Citi’s 2026 Global TMT Conference that AMD’s addressable AI market could reach approximately $3 trillion by 2030, up from an earlier estimate near $2 trillion. The company also expects its data-center business to double in 2027, strengthening the long-term growth narrative. Why is AMD stock surging 3% today
• Positive Sentiment: Analyst and institutional support: The expanded AI outlook prompted higher price targets, including a reported $710 target from CLSA. Bank of America also identified AMD and Micron as beneficiaries of shifting semiconductor investment, while recent filings indicate substantial additions by large institutional investors. AMD Stock Surges on AI Market Forecast
• Positive Sentiment: Technical momentum improved: AMD was named IBD Stock of the Day after moving above an early buy point, suggesting that renewed investor demand is reinforcing the fundamental AI story. AMD Regains Investor Favor
• Neutral Sentiment: Execution remains critical: Analysts view AMD’s AI opportunity as substantial, but the company must secure adequate chip supply, execute its data-center roadmap and compete effectively with Nvidia and other custom-AI-chip providers. AMD’s AI Opportunity Raises the Stakes
• Negative Sentiment: Valuation and selling pressure are risks: AMD’s elevated valuation leaves limited room for execution disappointments. ARK Invest has recently reduced its AMD position, and reported insider transactions have consisted of sales rather than purchases. Cathie Wood Sheds More AMD

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMD shares. Barclays lowered shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research report on Friday, June 12th. CLSA reissued an “outperform” rating and set a $710.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Mizuho boosted their target price on Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, Bank of America upped their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $565.12.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $521.09 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $149.85 and a fifty-two week high of $584.73. The stock’s 50 day simple moving average is $496.07 and its two-hundred day simple moving average is $400.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock has a market cap of $850.66 billion, a price-to-earnings ratio of 133.96, a PEG ratio of 5.24 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping 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 firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 50.1% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.