OMC Financial Services LTD Sells 3,376 Shares of Advanced Micro Devices, Inc. $AMD

OMC Financial Services LTD decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,499 shares of the semiconductor manufacturer’s stock after selling 3,376 shares during the period. Advanced Micro Devices makes up about 8.4% of OMC Financial Services LTD’s portfolio, making the stock its 3rd biggest holding. OMC Financial Services LTD’s holdings in Advanced Micro Devices were worth $25,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter valued at $4,929,312,000. Jennison Associates LLC increased its position in shares of Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after buying an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices in the 4th quarter worth $1,000,783,000. Wellington Management Group LLP grew its position in shares of Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Advanced Micro Devices by 340.1% during the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock worth $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Coatue Management opened a new AMD position valued at approximately $55.8 million during the second quarter, signaling renewed institutional confidence in the AI infrastructure opportunity. Coatue Management Opens AMD Position
• Positive Sentiment: Google is reportedly collaborating with AMD on its 10th-generation TPU, potentially creating a major design win and strengthening AMD’s relationship with one of the largest AI infrastructure buyers. Google Reportedly Working With AMD on TPU
• Positive Sentiment: AMD appointed Tim Ryan to its board, adding technology, enterprise operations and financial-governance experience. The company also named KC McClure chair of its Audit and Finance Committee. AMD Appoints Tim Ryan
• Neutral Sentiment: AMD’s strong operating backdrop remains central to the bull case: latest reported revenue rose 50.1% year over year to $11.54 billion, while data-center growth and expanding AI demand support bullish analyst targets. However, the stock’s elevated earnings multiple leaves limited room for disappointment. AMD Valuation Analysis
• Negative Sentiment: Google’s expanding $120 billion custom-chip initiative, including a deeper relationship with Marvell, adds another competitor to AMD and Nvidia in AI inference workloads. The development has contributed to weakness across AI-chip shares. Google Expands Custom-Chip Push
• Negative Sentiment: ARK Invest sold 25,917 AMD shares across four ETFs while adding Nvidia, continuing a pattern of reducing AMD exposure. The move reinforces concerns about investor preference shifting toward AMD’s larger rival. ARK Invest Trims AMD
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn disclosed stock sales totaling roughly $8.7 million. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their significance, but the sales may still weigh on sentiment. AMD Insider Sale Filings

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 7,369 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $487.34, for a total transaction of $3,591,208.46. Following the sale, the executive vice president directly owned 1,241,347 shares in the company, valued at approximately $604,958,046.98. The trade was a 0.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 181,952 shares of company stock worth $86,317,061. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Trading Up 0.6%

NASDAQ:AMD opened at $469.45 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The firm has a market cap of $766.36 billion, a PE ratio of 120.68 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $512.16 and a 200 day moving average price of $374.86.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 50.1% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on AMD. UBS Group reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Wall Street Zen lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. KeyCorp set a $650.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Zacks Research upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.95.

Advanced Micro Devices 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.