Rockefeller Capital Management L.P. Trims Holdings in Advanced Micro Devices, Inc. $AMD

Rockefeller Capital Management L.P. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 757,079 shares of the semiconductor manufacturer’s stock after selling 302,851 shares during the period. Rockefeller Capital Management L.P.’s holdings in Advanced Micro Devices were worth $107,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AMD. Pinney & Scofield Inc. increased its stake in shares of Advanced Micro Devices by 81.0% in the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the period. Dogwood Wealth Management LLC grew its position in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares during the period. Avion Wealth lifted its holdings in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 72 shares during the period. West Branch Capital LLC boosted its stake in shares of Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares during the last quarter. Finally, High Note Wealth LLC boosted its stake in shares of Advanced Micro Devices by 285.5% in the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock worth $38,000 after buying an additional 197 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $246.81 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The firm has a fifty day moving average price of $208.05 and a 200 day moving average price of $164.18. The company has a market cap of $401.82 billion, a P/E ratio of 141.84, a PEG ratio of 2.42 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter last year, the business posted $0.92 EPS. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Melius Research set a $380.00 price target on Advanced Micro Devices in a report on Wednesday. CICC Research upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective for the company in a research report on Friday, November 7th. Barclays reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday. Roth Capital reissued a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, Raymond James Financial raised their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $273.49.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the transaction, the executive vice president directly owned 311,598 shares of the company’s stock, valued at $51,416,785.98. This trade represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 264,118 shares of company stock worth $44,448,619 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

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.