First Manhattan CO. LLC. Cuts Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• First Manhattan Co. LLC slashed its stake in Advanced Micro Devices by 59.3%, with remaining shares valued at approximately $324,000.
• Insider trading showed significant sales, including CEO Lisa T. Su selling 225,000 shares for over $36 million, which brought her ownership down by 6.28%.
• Analysts generally maintain a positive outlook, with an average target price of $181.33 and multiple upgrades, indicating strong investor interest.

First Manhattan CO. LLC. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 59.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,150 shares of the semiconductor manufacturer's stock after selling 4,583 shares during the quarter. First Manhattan CO. LLC.'s holdings in Advanced Micro Devices were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Brighton Jones LLC boosted its stake 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 purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after acquiring an additional 29,825 shares during the last quarter. Triumph Capital Management boosted its position in shares of Advanced Micro Devices by 27.2% during the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock valued at $2,818,000 after acquiring an additional 4,992 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Advanced Micro Devices by 3.4% during the 4th quarter. Captrust Financial Advisors now owns 78,273 shares of the semiconductor manufacturer's stock valued at $9,455,000 after acquiring an additional 2,592 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. UBS Group increased their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 28th. DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price for the company in a research report on Thursday, August 7th. Sanford C. Bernstein increased their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Finally, 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 report on Thursday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has given 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.

Advanced Micro Devices Trading Down 6.6%

NASDAQ:AMD traded down $10.65 during midday trading on Friday, hitting $151.14. 77,891,119 shares of the company traded hands, compared to its average volume of 48,056,704. The firm's fifty day moving average is $161.36 and its 200-day moving average is $125.54. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The firm has a market capitalization of $245.28 billion, a P/E ratio of 86.86, a P/E/G ratio of 1.90 and a beta of 1.92. 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 (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The business's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Transactions at Advanced Micro Devices

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

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.