Canopy Partners LLC Trims Holdings in Advanced Micro Devices, Inc. $AMD

Canopy Partners LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,382 shares of the semiconductor manufacturer’s stock after selling 391 shares during the quarter. Canopy Partners LLC’s holdings in Advanced Micro Devices were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Wise Wealth Partners acquired a new position in Advanced Micro Devices in the 2nd quarter worth about $343,000. Parisi Gray Wealth Management acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $343,000. Davis Investment Partners LLC purchased a new position in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $736,000. Sivia Capital Partners LLC lifted its position in shares of Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after buying an additional 2,970 shares in the last quarter. Finally, Fragasso Financial Advisors Inc raised its position in Advanced Micro Devices by 151.3% during the second quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer’s stock worth $799,000 after acquiring an additional 3,388 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 3.8%

Shares of NASDAQ AMD opened at $211.51 on Wednesday. The company has a 50 day simple moving average of $167.22 and a 200-day simple moving average of $135.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market capitalization of $343.25 billion, a P/E ratio of 121.56, a P/E/G ratio of 2.40 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $226.71.

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 the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices’s revenue was up 31.7% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMD. Seaport Res Ptn lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Morgan Stanley increased their price objective on Advanced Micro Devices from $168.00 to $246.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wedbush reissued a “cautious” rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Sanford C. Bernstein increased their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Finally, Roth Capital set a $250.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.00.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value 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 approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock valued at $44,554,848 in the last ninety days. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Profile

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.