Advanced Micro Devices, Inc. $AMD Shares Sold by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. reduced its stake in Advanced Micro Devices, Inc. by 10.0%, ending the quarter with 38,481 shares valued at approximately $5.46 million.
• Several institutional investors adjusted their positions in AMD, with Principle Wealth Partners LLC increasing its stake by 77.5% during the same period.
• Advanced Micro Devices reported a miss in earnings per share for the last quarter, posting $0.48 against expectations of $0.54, while revenue increased 31.7% year-over-year.

First Citizens Bank & Trust Co. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,481 shares of the semiconductor manufacturer's stock after selling 4,288 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Advanced Micro Devices were worth $5,460,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AMD. Cornerstone Advisory LLC increased its position in Advanced Micro Devices by 1.4% during the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer's stock worth $606,000 after purchasing an additional 57 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Advanced Micro Devices by 0.7% during the 2nd quarter. Bleakley Financial Group LLC now owns 28,894 shares of the semiconductor manufacturer's stock worth $4,100,000 after purchasing an additional 204 shares during the last quarter. Insight Advisors LLC PA grew its holdings in shares of Advanced Micro Devices by 6.0% during the second quarter. Insight Advisors LLC PA now owns 18,239 shares of the semiconductor manufacturer's stock worth $2,588,000 after buying an additional 1,033 shares in the last quarter. Warther Private Wealth LLC acquired a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $600,000. Finally, Principle Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 77.5% during the second quarter. Principle Wealth Partners LLC now owns 4,285 shares of the semiconductor manufacturer's stock valued at $608,000 after buying an additional 1,871 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,118 shares of company stock valued at $46,180,719 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 3.3%

Shares of AMD opened at $230.10 on Thursday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $242.88. The stock has a 50-day moving average price of $179.50 and a 200 day moving average price of $144.41. 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 company has a market capitalization of $373.42 billion, a P/E ratio of 132.32, a P/E/G ratio of 2.18 and a beta of 1.90.

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 business 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%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMD shares. The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Wolfe Research set a $300.00 price objective on Advanced Micro Devices and gave the company an "outperform" rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Bank of America raised their price target on Advanced Micro Devices from $250.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, October 17th. Finally, Sanford C. Bernstein lifted their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Three 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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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