RNC Capital Management LLC Has $1.71 Million Stake in Advanced Micro Devices, Inc. $AMD

RNC Capital Management LLC trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,053 shares of the semiconductor manufacturer’s stock after selling 442 shares during the period. RNC Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMD. Brighton Jones LLC raised its stake in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Advanced Micro Devices by 18.7% during the first quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer’s stock worth $2,009,000 after buying an additional 3,084 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of Advanced Micro Devices by 4.8% during the first quarter. Continuum Advisory LLC now owns 2,897 shares of the semiconductor manufacturer’s stock worth $298,000 after buying an additional 133 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC raised its stake in shares of Advanced Micro Devices by 32.0% during the first quarter. AssuredPartners Investment Advisors LLC now owns 4,329 shares of the semiconductor manufacturer’s stock worth $445,000 after buying an additional 1,049 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,118 shares of company stock valued at $46,180,719 in the last three months. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on AMD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. TD Cowen upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Citigroup upped their target price on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Barclays upped their target price on shares of Advanced Micro Devices from $200.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.94.

Advanced Micro Devices Stock Down 3.3%

Shares of AMD stock opened at $230.23 on Thursday. The firm has a fifty day moving average of $179.50 and a 200-day moving average of $144.41. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $242.88. The company has a market capitalization of $373.63 billion, a price-to-earnings ratio of 132.32, a P/E/G ratio of 2.18 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the company earned $0.69 EPS. The firm’s revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.