Baird Financial Group Inc. Sells 45,780 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Baird Financial Group Inc. reduced its stake in Advanced Micro Devices by 10.7% in the first quarter, now holding 382,136 shares worth approximately $39.26 million after selling 45,780 shares.
• Advanced Micro Devices' recent earnings report indicated a missed earnings estimate, posting $0.48 per share against a consensus estimate of $0.54, although revenues were up 31.7% year-over-year.
• CEO Lisa T. Su sold 225,000 shares of the company's stock for $36.89 million, resulting in a 6.28% decrease in her ownership stake, while insiders collectively sold $41.42 million worth of shares in the last three months.

Baird Financial Group Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 382,136 shares of the semiconductor manufacturer's stock after selling 45,780 shares during the quarter. Baird Financial Group Inc.'s holdings in Advanced Micro Devices were worth $39,261,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Seaview Investment Managers LLC lifted its holdings in shares of Advanced Micro Devices by 4.3% during the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock worth $232,000 after buying an additional 93 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Advanced Micro Devices by 9.4% during the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock worth $117,000 after buying an additional 98 shares during the last quarter. Peterson Wealth Services lifted its holdings in shares of Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after buying an additional 103 shares during the last quarter. Lifeworks Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 5.6% during the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock worth $203,000 after buying an additional 104 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Advanced Micro Devices by 29.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 467 shares of the semiconductor manufacturer's stock worth $48,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AMD shares. Jefferies Financial Group upped their target price on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. HSBC upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a research note on Thursday, July 10th. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 target price for the company in a research note on Thursday, July 10th. Morgan Stanley cut their target price on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 target price on Advanced Micro Devices in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $181.33.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,998 shares of company stock worth $41,415,580 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $0.19 during midday trading on Wednesday, reaching $162.13. The company's stock had a trading volume of 30,004,687 shares, compared to its average volume of 46,580,055. The business's fifty day simple moving average is $160.48 and its 200-day simple moving average is $124.69. The company has a market capitalization of $263.11 billion, a P/E ratio of 93.18, a P/E/G ratio of 1.93 and a beta of 1.92. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

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

Advanced Micro Devices declared that its board has authorized a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

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.