Advanced Micro Devices, Inc. $AMD Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,554 shares of the semiconductor manufacturer’s stock after selling 3,710 shares during the quarter. Advanced Micro Devices accounts for approximately 1.7% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 10th largest position. Stoneridge Investment Partners LLC’s holdings in Advanced Micro Devices were worth $2,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMD. Avalon Trust Co grew its holdings in shares of Advanced Micro Devices by 2,602.9% during the second quarter. Avalon Trust Co now owns 28,786 shares of the semiconductor manufacturer’s stock worth $16,722,000 after purchasing an additional 27,721 shares during the last quarter. Pacific Sage Partners LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at $272,000. One Wealth Advisors LLC bought a new position in shares of Advanced Micro Devices in the second quarter valued at about $533,000. Clearstead Trust LLC raised its holdings in shares of Advanced Micro Devices by 1.6% in the second quarter. Clearstead Trust LLC now owns 10,741 shares of the semiconductor manufacturer’s stock valued at $6,240,000 after buying an additional 174 shares during the last quarter. Finally, SMART Wealth LLC lifted its position in Advanced Micro Devices by 234.9% during the 2nd quarter. SMART Wealth LLC now owns 3,955 shares of the semiconductor manufacturer’s stock worth $2,297,000 after buying an additional 2,774 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AMD shares. Argus increased their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Bank of America upped their target price on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group reissued an “overweight” rating on shares of Advanced Micro Devices in a research note 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. Finally, Susquehanna boosted their price objective on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a “positive” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $546.87.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 7,369 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $487.34, for a total transaction of $3,591,208.46. Following the completion of the transaction, the executive vice president owned 1,241,347 shares in the company, valued at approximately $604,958,046.98. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,959 shares of company stock worth $77,640,312 over the last quarter. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Down 3.7%

Shares of Advanced Micro Devices stock opened at $466.42 on Thursday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The business has a fifty day simple moving average of $512.54 and a 200 day simple moving average of $373.22. The stock has a market cap of $761.42 billion, a PE ratio of 119.90 and a beta of 2.48.

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, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 50.1% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD appointed Tim Ryan to its board, adding expertise in technology, enterprise operations and financial governance. KC McClure was named chair of the Audit and Finance Committee, potentially strengthening oversight. AMD Appoints Tim Ryan to Board of Directors
• Positive Sentiment: Analysts and investment commentary remain constructive on AMD’s long-term outlook. CEO Lisa Su’s projection for more than 80% growth in server revenue, excluding AI accelerators, supports the strength of the broader data-center business. AMD Server Revenue Growth Outlook
• Positive Sentiment: AMD’s Helios platform, Instinct Coder private-enterprise AI offering and memorandum of understanding with Mexico’s Secihti add to the company’s AI and international growth initiatives. Their near-term earnings contribution remains uncertain. AMD Instinct Coder
• Neutral Sentiment: AMD’s latest quarterly results exceeded expectations, with revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share versus the $1.62 consensus. However, investors are increasingly demanding continued acceleration from the AI business.
• Negative Sentiment: A renewed technology sell-off pressured chip stocks even as major indexes recovered and Treasury yields eased. Concerns about borrowing costs, inflation, geopolitical tensions and elevated oil prices are weighing on high-growth AI names. Why Intel and AMD Stocks Are Falling
• Negative Sentiment: Valuation is a key risk: AMD trades at a high earnings multiple and at a premium to NVIDIA, leaving the stock vulnerable to disappointment or profit-taking despite strong growth forecasts. Analysts remain broadly bullish, with a reported consensus target of $546.87. AMD Versus NVIDIA Valuation
• Negative Sentiment: ARK Invest recently sold AMD shares while purchasing NVIDIA, adding modest near-term selling pressure and highlighting investor preference shifts within AI-chip stocks. Executive share sales were made under pre-arranged plans to cover tax withholding, reducing their bearish significance. ARK Invest Sells AMD

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.