Advanced Micro Devices, Inc. $AMD is Puzo Michael J's Largest Position

Key Points

• Puzo Michael J reduced its AMD position by 11% in the second quarter, selling 5,977 shares, but AMD remains its largest holding at 7.2% of the portfolio, valued at approximately $28.1 million.
• Institutional investors own 71.34% of AMD, while company insiders sold approximately 210,763 shares worth $99.9 million during the past quarter, including sales by CEO Lisa Su and director Nora Denzel.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and EPS of $1.66, beating analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $546.95, though the stock’s high valuation and semiconductor-sector volatility remain risks.

Puzo Michael J cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,290 shares of the semiconductor manufacturer's stock after selling 5,977 shares during the period. Advanced Micro Devices accounts for about 7.2% of Puzo Michael J's investment portfolio, making the stock its largest position. Puzo Michael J's holdings in Advanced Micro Devices were worth $28,052,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. NWK Group Inc. bought a new position in Advanced Micro Devices during the second quarter valued at approximately $397,000. Quartz Partners LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $354,000. Frazier Financial Advisors LLC increased its stake in shares of Advanced Micro Devices by 19.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 473 shares of the semiconductor manufacturer's stock worth $275,000 after purchasing an additional 76 shares during the last quarter. Northcape Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $253,000. Finally, Toews Corp ADV bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $66,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares of the company's stock, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company's stock, valued at $45,504,306. This trade represents a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 210,763 shares of company stock worth $99,912,107. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $456.74 on Tuesday. The business has a fifty day simple moving average of $509.59 and a 200 day simple moving average of $377.97. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $745.61 billion, a price-to-earnings ratio of 117.41 and a beta of 2.48. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same period last year, the business earned $0.48 earnings per share. Advanced Micro Devices's quarterly revenue was up 50.1% compared to the same quarter last year. Sell-side 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 received a bullish BMO price-target call, with its AI ambitions supported by reported relationships or deals involving Meta, OpenAI and Anthropic. AMD Stock Gets Stunning Price Target From Wall Street
• Positive Sentiment: The company is investing more than $10 billion in Taiwan’s advanced-packaging and AI-system manufacturing ecosystem, including its supply-chain relationship with TSMC. The spending is intended to remove capacity constraints and support more than 60% annual data-center revenue growth over the next three to five years. AMD Is Investing More Than $10 Billion in Taiwan
• Positive Sentiment: Analysts and fund commentary see AMD as a potential beneficiary of increasingly CPU-intensive AI data centers, broadening the opportunity beyond accelerator chips. Can AMD Win From More CPU-Heavy AI Data Centers?
• Neutral Sentiment: AMD raised approximately $4.75 billion through unsecured senior notes and filed to potentially issue additional debt. The financing strengthens its ability to fund AI infrastructure, but also adds interest obligations and raises questions about capital efficiency. The appointment of Citi executive Tim Ryan to the board may bolster financial and strategic expertise. AMD Debt Raise and Taiwan AI Push
• Negative Sentiment: Semiconductor stocks sold off broadly ahead of Nvidia’s August 26 earnings release. Investors appear to be de-risking accelerator exposure because Nvidia’s results or outlook could reset expectations for the entire AI-chip trade. Intel and AMD Decline in Chip Sell-Off
• Negative Sentiment: AMD’s roughly $745 billion market capitalization and elevated price-to-earnings ratio leave the stock vulnerable to profit-taking when sentiment toward high-growth AI companies weakens. Concerns about competition from Nvidia and newer challengers such as Cerebras add to the pressure. Cerebras Revenue Surges and Implications for AMD

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMD. Evercore restated an "outperform" rating and issued a $579.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, May 19th. Citigroup upgraded shares of Advanced Micro Devices from a "market perform" rating to a "buy" rating in a report on Wednesday, July 22nd. Oppenheimer downgraded Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research report on Wednesday, May 6th. Needham & Company LLC raised Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial upgraded Advanced Micro Devices from a "market perform" rating to a "strong-buy" rating in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $546.95.

Advanced Micro Devices Company Profile

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.

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