Kennebec Savings Bank Decreases Stock Position in Advanced Micro Devices, Inc. $AMD

Kennebec Savings Bank cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% in the second quarter, HoldingsChannel reports. The firm owned 4,185 shares of the semiconductor manufacturer’s stock after selling 108 shares during the quarter. Kennebec Savings Bank’s holdings in Advanced Micro Devices were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at $958,422,000. Goldman Sachs Group Inc. raised its stake in Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock valued at $1,012,538,000 after buying an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Advanced Micro Devices by 131.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after buying an additional 5,915,185 shares in the last quarter. Nuveen LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC raised its stake in Advanced Micro Devices by 47,883.5% in the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after buying an additional 4,133,785 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 272,448 shares of company stock worth $44,554,848. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMD shares. Citigroup lifted their target price on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Susquehanna lifted their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the stock a “buy” rating in a research report on Friday, June 13th. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Monday, June 23rd. Finally, Jefferies Financial Group lifted their target price on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $180.88.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $164.01 on Thursday. The stock has a market capitalization of $266.16 billion, a PE ratio of 94.26, a price-to-earnings-growth ratio of 1.91 and a beta of 1.90. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The stock’s 50-day moving average price is $165.82 and its 200 day moving average price is $132.56. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.