Advanced Micro Devices, Inc. $AMD Shares Sold by Canvas Wealth Advisors LLC

Key Points

• Canvas Wealth Advisors LLC reduced its holdings in Advanced Micro Devices by 4.0%, now owning 59,664 shares, valued at approximately $8.47 million.
• Several institutional investors significantly increased their positions in AMD, with Farmers & Merchants Trust Co expanding holdings by 277.8% in Q1.
• Advanced Micro Devices reported $0.48 EPS for the last quarter, missing expectations, while its revenue was up 31.7% year-over-year at $7.69 billion.

Canvas Wealth Advisors LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,664 shares of the semiconductor manufacturer's stock after selling 2,504 shares during the period. Advanced Micro Devices comprises 1.7% of Canvas Wealth Advisors LLC's investment portfolio, making the stock its 18th largest position. Canvas Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $8,466,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMD. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Advanced Micro Devices by 277.8% in the 1st 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. American Capital Advisory LLC lifted its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Dogwood Wealth Management LLC boosted 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 worth $30,000 after buying an additional 208 shares during the period. West Branch Capital LLC grew its stake 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 buying an additional 214 shares in the last quarter. Finally, Bear Mountain Capital Inc. raised its holdings in shares of Advanced Micro Devices by 75.0% during the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 0.6%

Shares of NASDAQ:AMD opened at $233.08 on Monday. The firm has a market cap of $378.25 billion, a PE ratio of 133.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.90. The company has a fifty day simple moving average of $175.96 and a 200 day simple moving average of $142.07. The company has a current ratio of 2.49, a quick ratio of 1.81 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 $241.20.

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

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total value of $3,767,904.00. Following the completion of the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their position. The sale 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 2,250 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,118 shares of company stock valued at $46,180,719 over the last three months. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Citigroup boosted their price target on Advanced Micro Devices from $180.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. Rosenblatt Securities lifted their price objective on shares of Advanced Micro Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Piper Sandler restated an "overweight" rating and issued a $240.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $235.00 price target on shares of Advanced Micro Devices and gave the company a "hold" rating in a report on Tuesday, October 14th. Finally, Melius Research set a $300.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.94.

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.

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