Kingsview Wealth Management LLC Takes $85.57 Million Position in Advanced Micro Devices, Inc. $AMD

Kingsview Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 147,307 shares of the semiconductor manufacturer’s stock, valued at approximately $85,572,000. Advanced Micro Devices comprises approximately 1.0% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. First National Bank of Hutchinson grew its position in 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 purchasing an additional 22 shares during the period. Park Place Capital Corp lifted its holdings in shares of Advanced Micro Devices by 19.5% during 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 during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Advanced Micro Devices by 12.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock valued at $43,000 after buying an additional 24 shares during the period. Trust Co of the South boosted its stake in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock worth $1,014,000 after buying an additional 25 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 9.4% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock worth $169,000 after buying an additional 25 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: Saudi Arabia AI deployment goes live: AMD, Cisco and HUMAIN announced that production AI compute is now operational in Saudi Arabia using AMD Instinct MI355X GPUs, EPYC CPUs and Cisco Silicon One networking. The companies plan to expand the project by up to 250 megawatts beginning in 2027, with broader plans potentially reaching 1 gigawatt by 2030. The rollout provides evidence of commercial demand for AMD’s data-center products and expands its international AI footprint. AMD, Cisco and HUMAIN Expand Saudi Arabia’s AI Infrastructure
• Positive Sentiment: Broader AI infrastructure momentum: Coverage also points to AMD collaborations involving expanded AI networks and a new supercomputer, reinforcing the investment case that the company can capture a portion of the rapidly growing accelerator and data-center market. AMD Stock Rises on New AI Infrastructure and Supercomputer Collaborations
• Positive Sentiment: Analyst-rating support: Wall Street Zen upgraded its rating on AMD, adding a favorable sentiment signal, though the article provides limited detail about the rationale. AMD Stock Rating Upgraded
• Neutral Sentiment: AI sector expectations remain elevated: Micron’s upcoming results could influence sentiment across AI semiconductor stocks. Strong AI demand may help AMD’s sector narrative, but an earnings disappointment could increase volatility throughout the group. Micron Could Be September’s Biggest AI Winner or Loser
• Negative Sentiment: Selling and competitive risks: ARK Invest sold approximately $74.5 million of AMD shares while buying Nvidia and Broadcom, potentially weighing on sentiment. Separately, Nvidia’s expanding chip portfolio highlights intensifying competition for AI workloads. Cathie Wood Sells AMD Stock
• Negative Sentiment: Policy and valuation overhang: Proposed U.S. tariffs on imported semiconductors and components could raise AMD’s supply-chain costs. Insider selling is another near-term confidence concern, while AMD’s high valuation leaves the stock vulnerable if AI growth expectations or execution disappoint. AMD Is Exposed to Proposed US Chip Tariffs

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $470.72 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The stock’s fifty day moving average is $504.05 and its 200 day moving average is $387.43. The stock has a market cap of $768.44 billion, a P/E ratio of 121.01 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

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 the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. KeyCorp set a $650.00 price objective on Advanced Micro Devices in a research report on Wednesday, August 5th. Stifel Nicolaus raised their target price on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company raised their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Benchmark upped their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $553.72.

Insider Activity

In related news, EVP Paul Darren Grasby sold 15,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% 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. Over the last quarter, insiders sold 232,577 shares of company stock worth $109,509,170. 0.50% of the stock is currently owned by corporate insiders.

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.