Advanced Micro Devices, Inc. $AMD Stock Position Decreased by Bridges Investment Management Inc.

Bridges Investment Management Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,796 shares of the semiconductor manufacturer’s stock after selling 306 shares during the period. Bridges Investment Management Inc.’s holdings in Advanced Micro Devices were worth $255,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AMD. Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 1.4% during the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock valued at $15,654,222,000 after buying an additional 2,157,199 shares in the last quarter. Amundi raised its holdings in shares of Advanced Micro Devices by 8.0% during the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock valued at $1,677,014,000 after acquiring an additional 1,319,064 shares during the period. Invesco Ltd. lifted its position in shares of Advanced Micro Devices by 4.0% in the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock valued at $1,214,285,000 after acquiring an additional 450,695 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Advanced Micro Devices by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock worth $1,083,815,000 after purchasing an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Benchmark upped their price target on Advanced Micro Devices from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on Advanced Micro Devices and gave the stock a “hold” rating in a research report on Tuesday. Barclays upped their target price on Advanced Micro Devices from $200.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Susquehanna raised their price target on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.94.

Advanced Micro Devices Trading Down 0.6%

Shares of NASDAQ AMD opened at $233.08 on Friday. The business has a 50 day simple moving average of $175.96 and a 200 day simple moving average of $141.47. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $241.20. The stock has a market cap of $378.25 billion, a price-to-earnings ratio of 133.95, a PEG ratio of 2.33 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The business 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%. Advanced Micro Devices’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,800 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,118 shares of company stock valued at $46,180,719 in the last three months. 0.06% of the stock is currently owned by company insiders.

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.