Midwest Trust Co Buys 8,686 Shares of Advanced Micro Devices, Inc. $AMD

Midwest Trust Co boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 130.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,349 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,686 shares during the period. Midwest Trust Co’s holdings in Advanced Micro Devices were worth $8,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eaton Financial Holdings Company LLC purchased a new stake in Advanced Micro Devices in the 2nd quarter worth $335,000. LFG Wealth Partners LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at about $4,623,000. 111 Capital grew its position in shares of Advanced Micro Devices by 3.6% during the second quarter. 111 Capital now owns 16,058 shares of the semiconductor manufacturer’s stock valued at $9,328,000 after purchasing an additional 557 shares in the last quarter. Glynn Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 45,100.0% in the second quarter. Glynn Capital Management LLC now owns 24,860 shares of the semiconductor manufacturer’s stock worth $14,441,000 after purchasing an additional 24,805 shares during the last quarter. Finally, Synergy Financial Group LTD increased its holdings in shares of Advanced Micro Devices by 1.1% in the second quarter. Synergy Financial Group LTD now owns 3,794 shares of the semiconductor manufacturer’s stock worth $2,204,000 after purchasing an additional 43 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD priced a record $4.75 billion senior-notes offering in four tranches maturing from 2029 through 2036. Management plans to use the capital for general corporate purposes, including expanding its AI and data-center businesses. The offering gives AMD additional financial flexibility without issuing shares, although it will increase interest expense. AMD Rises on $4.75 Billion Debt Offering
• Positive Sentiment: Analysts continue to see upside based on accelerating demand for AMD’s AI data-center processors, record data-center revenue, and potential growth in server CPUs. Reported analyst price targets reach as high as $700, supporting the bullish case despite the stock’s large year-to-date advance. AMD Stock Is Up 136% YTD. Why Wall Street Still Sees More Upside
• Positive Sentiment: A quarterly SEC filing disclosed sizable equity stakes in SpaceX and Nutanix. The investments broaden AMD’s strategic exposure to space technology and enterprise infrastructure, though the filing did not establish a direct near-term revenue impact. AMD Filing Reveals Unexpected SpaceX and Nutanix Bet

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna increased their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. DA Davidson upped their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup upgraded Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 22nd. Finally, Mizuho raised their target price on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Trading Down 1.6%

Shares of NASDAQ AMD opened at $506.00 on Tuesday. The business’s 50 day moving average is $512.08 and its two-hundred day moving average is $370.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The stock has a market capitalization of $826.03 billion, a P/E ratio of 130.08 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Activity

In related news, SVP Ava Hahn sold 143 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $474.75, for a total value of $67,889.25. Following the completion of the sale, the senior vice president directly owned 17,644 shares in the company, valued at $8,376,489. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 161,077 shares of company stock worth $74,732,145. Company insiders own 0.50% of the company’s stock.

Advanced Micro Devices Company Profile

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.