Orrstown Financial Services Inc. Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Orrstown Financial Services Inc. increased its stake in Advanced Micro Devices by 35.3%, bringing its total ownership to approximately $1.14 million in value.
• Several large investors made significant investments in AMD, including Goldman Sachs, which raised its position by 169.7%, now owning over 9.8 million shares valued at over $1 billion.
• AMD reported $0.48 earnings per share (EPS) for the latest quarter, missing analyst expectations, but its revenue of $7.69 billion surpassed forecasts by over .

Orrstown Financial Services Inc. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 35.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,050 shares of the semiconductor manufacturer's stock after buying an additional 2,101 shares during the period. Orrstown Financial Services Inc.'s holdings in Advanced Micro Devices were worth $1,142,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMD. Brighton Jones LLC boosted its holdings in Advanced Micro Devices by 178.2% in the 4th 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 boosted its holdings in Advanced Micro Devices by 2.9% in the 4th 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. Bank Pictet & Cie Europe AG boosted its holdings in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after buying an additional 29,825 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $42,867,000. Finally, Formidable Asset Management LLC boosted its holdings in Advanced Micro Devices by 86.9% in the 4th quarter. Formidable Asset Management LLC now owns 11,076 shares of the semiconductor manufacturer's stock worth $1,338,000 after buying an additional 5,149 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. Bank of America boosted their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Truist Financial upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and boosted their target price for the stock from $173.00 to $213.00 in a report on Tuesday, August 26th. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Erste Group Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 target price on Advanced Micro Devices in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.88.

Advanced Micro Devices Trading Up 0.3%

NASDAQ AMD traded up $0.49 on Tuesday, reaching $160.28. The stock had a trading volume of 30,121,423 shares, compared to its average volume of 46,652,211. The firm has a market capitalization of $260.11 billion, a price-to-earnings ratio of 92.14, a P/E/G ratio of 1.85 and a beta of 1.92. 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 $186.65. The stock has a fifty day moving average price of $165.29 and a two-hundred day moving average price of $129.96.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) 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 firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 fiscal year.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 270,198 shares of company stock worth $44,183,576 over the last ninety days. Insiders own 0.06% of the company's stock.

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.