Central Pacific Bank Trust Division Has $6.16 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Central Pacific Bank Trust Division decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,601 shares of the semiconductor manufacturer’s stock after selling 1,941 shares during the period. Advanced Micro Devices accounts for about 0.6% of Central Pacific Bank Trust Division’s portfolio, making the stock its 26th largest holding. Central Pacific Bank Trust Division’s holdings in Advanced Micro Devices were worth $6,158,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $27,000. Sarver Vrooman Wealth Advisors acquired a new position in Advanced Micro Devices in the 4th quarter valued at $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices during the 4th quarter worth $30,000. Finally, Graney & King LLC bought a new position in Advanced Micro Devices during the 1st quarter worth $31,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMD shares. Weiss Ratings raised shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. DA Davidson raised their price target on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Loop Capital upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $529.46.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 310,310 shares of company stock worth $141,185,456 in the last ninety days. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $518.58 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $516.06 and its 200 day simple moving average is $354.63. The firm has a market capitalization of $845.60 billion, a PE ratio of 170.03 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 6.27 EPS for the current fiscal year.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD reported second-quarter adjusted EPS of $1.66, ahead of the $1.61 consensus estimate, while revenue rose 50.1% year over year to $11.54 billion, exceeding the $11.31 billion forecast. AMD Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Data-center revenue reportedly more than doubled to a record $6.7 billion, reinforcing the AI-infrastructure growth story and AMD’s efforts to compete with Nvidia in GPUs, CPUs and rack-scale systems. AMD Revenue Climbs 50% and Data Center Sales Doubled
• Positive Sentiment: Third-quarter revenue guidance of $12.7 billion to $13.3 billion exceeded the approximately $12.4 billion analyst consensus, indicating continued demand for AI and data-center products. AMD Forecasts Upbeat Revenue on AI Data-Center Demand
• Neutral Sentiment: A broad risk-on rally lifted the semiconductor sector, with gains in Nvidia, Intel, Broadcom and Marvell providing a favorable backdrop for AMD before earnings. Chip Stocks Ride a Risk-On Rally
• Negative Sentiment: Investors viewed the quarterly beat as modest relative to AMD’s rally and valuation—roughly 170 times trailing earnings in the supplied data—raising concerns that expectations had already priced in exceptional execution. AMD Reported Record Sales but Stock Fell
• Negative Sentiment: Commentary also highlighted potentially “shocking” capital spending and continuing insider selling; data supplied by Quiver shows 99 insider sales and no purchases over the past six months. These signals may have amplified profit-taking after the release. AMD Stock Falls on Q2 Earnings

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.