CORDA Investment Management LLC. Sells 6,468 Shares of Advanced Micro Devices, Inc. $AMD

CORDA Investment Management LLC. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,055 shares of the semiconductor manufacturer’s stock after selling 6,468 shares during the period. CORDA Investment Management LLC.’s holdings in Advanced Micro Devices were worth $5,841,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. First National Bank of Hutchinson boosted its holdings in shares of Advanced Micro Devices by 0.4% in the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock valued at $3,276,000 after buying an additional 22 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in Advanced Micro Devices by 12.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock worth $43,000 after buying an additional 24 shares during the last quarter. Trust Co of the South raised its position in Advanced Micro Devices by 1.5% during the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock worth $1,014,000 after acquiring an additional 25 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its stake in Advanced Micro Devices by 9.4% in the second quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock valued at $169,000 after acquiring an additional 25 shares during the last quarter. Finally, Veery Capital LLC lifted its stake in Advanced Micro Devices by 1.0% in the second quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer’s stock valued at $1,622,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Ava Hahn sold 143 shares of the company’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 transaction, the senior vice president directly owned 17,644 shares of the company’s stock, valued at $8,376,489. This represents a 0.80% decrease in their position. The sale was disclosed in a 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 15,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares in the company, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 163,959 shares of company stock worth $77,640,312 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 3.7%

Advanced Micro Devices stock opened at $466.42 on Thursday. The company’s 50-day moving average price is $512.54 and its two-hundred day moving average price is $373.22. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The stock has a market cap of $761.42 billion, a P/E ratio of 119.90 and a beta of 2.48. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73.

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, topping analysts’ consensus estimates 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 company had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 50.1% on a year-over-year basis. As a group, analysts expect 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

Wall Street Analyst Weigh In

AMD has been the topic of several recent analyst reports. Evercore restated an “outperform” rating and set a $579.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, May 19th. Stifel Nicolaus lifted their price target on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Northland Securities reissued a “market perform” rating and set a $260.00 price target on shares of Advanced Micro Devices in a research report on Monday, April 27th. Benchmark upped their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Loop Capital raised Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $546.87.

About Advanced Micro Devices

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.