US Bancorp DE Sells 10,536 Shares of Advanced Micro Devices, Inc. $AMD

US Bancorp DE cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,135,609 shares of the semiconductor manufacturer’s stock after selling 10,536 shares during the period. US Bancorp DE’s holdings in Advanced Micro Devices were worth $161,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Dogwood Wealth Management LLC grew its position 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 purchasing an additional 208 shares in the last quarter. West Branch Capital LLC grew its position 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 purchasing an additional 214 shares in the last quarter. High Note Wealth LLC grew its position in shares of Advanced Micro Devices by 285.5% in the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 197 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position 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 purchasing an additional 200 shares in the last quarter. Finally, American Capital Advisory LLC grew its position 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 purchasing an additional 130 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their target price on Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Monday, June 23rd. Erste Group Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the stock a “positive” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $217.70.

Insider Transactions at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the 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 sale, the executive vice president owned 313,848 shares of the company’s stock, valued at $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 275,316 shares of company stock worth $45,203,045. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $235.56 on Thursday. The stock has a 50-day moving average price of $168.34 and a 200-day moving average price of $135.71. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $235.87. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $382.28 billion, a P/E ratio of 135.38, a PEG ratio of 2.50 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.