Summa Corp. Sells 12,500 Shares of Advanced Micro Devices, Inc. $AMD

Summa Corp. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,700 shares of the semiconductor manufacturer’s stock after selling 12,500 shares during the period. Advanced Micro Devices comprises approximately 7.9% of Summa Corp.’s investment portfolio, making the stock its 2nd biggest holding. Summa Corp.’s holdings in Advanced Micro Devices were worth $15,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. American Capital Advisory LLC grew its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 130 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares in the last quarter. West Branch Capital LLC grew its stake in shares of Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 214 shares in the last quarter. Finally, Bear Mountain Capital Inc. grew its stake in shares of Advanced Micro Devices by 75.0% in the first quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 150 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMD shares. Stifel Nicolaus set a $240.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 6th. Barclays raised 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. Seaport Res Ptn cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Truist Financial reaffirmed a “buy” rating and set a $273.00 price objective (up from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday. Finally, DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $218.25.

Insiders Place Their Bets

In related news, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares of the company’s stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares of the company’s stock, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,316 shares of company stock valued at $45,203,045 over the last 90 days. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Trading Down 7.8%

Shares of Advanced Micro Devices stock opened at $214.76 on Friday. The firm has a 50-day moving average of $170.33 and a 200-day moving average of $137.41. The stock has a market cap of $348.51 billion, a PE ratio of 123.42, a PEG ratio of 2.53 and a beta of 1.90. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $240.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices Company 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.