1,620 Shares in Advanced Micro Devices, Inc. $AMD Bought by First Interstate Bank

Key Points

• First Interstate Bank recently acquired 1,620 shares of Advanced Micro Devices, Inc. (AMD), valued at approximately $230,000, as disclosed in its latest 13F filing with the SEC.
• Several institutional investors have significantly increased their stakes in AMD, with Dogwood Wealth Management LLC's stake growing by 2,311.1% during the 2nd quarter.
• Brokerages have updated their ratings on AMD, with Dbs Bank upgrading the stock to a "moderate buy" rating and Jefferies Financial Group setting a target price of $300.00.

First Interstate Bank bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,620 shares of the semiconductor manufacturer's stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Dogwood Wealth Management LLC grew its stake in Advanced Micro Devices by 2,311.1% during the 2nd 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 during the last quarter. West Branch Capital LLC grew its stake in Advanced Micro Devices by 3,057.1% during the 2nd 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 during the last quarter. High Note Wealth LLC boosted its stake 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 worth $38,000 after buying an additional 197 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted 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 worth $28,000 after buying an additional 200 shares during the last quarter. Finally, American Capital Advisory LLC boosted 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 worth $28,000 after buying an additional 130 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMD. Dbs Bank upgraded Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a research report on Monday, October 6th. Jefferies Financial Group set a $300.00 price target on Advanced Micro Devices and gave the stock a "positive" rating in a research report on Monday, October 6th. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. KGI Securities set a $260.00 target price on Advanced Micro Devices and gave the company an "outperform" rating in a report on Monday, October 13th. Finally, Benchmark raised their target price on Advanced Micro Devices from $210.00 to $270.00 and gave the company a "buy" rating in a research report 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $233.94.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,118 shares of company stock valued at $46,180,719 in the last ninety days. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $233.08 on Monday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $241.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market cap of $378.25 billion, a PE ratio of 133.95, a P/E/G ratio of 2.32 and a beta of 1.90. The stock has a 50 day moving average price of $175.96 and a 200 day moving average price of $142.07.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices 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.

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