Advanced Micro Devices, Inc. $AMD Shares Sold by Meridian Wealth Management LLC

Key Points

• Meridian Wealth Management reduced its AMD stake by 2.8%, selling 2,268 shares and retaining 77,535 shares valued at approximately $45 million. AMD represents about 1.4% of Meridian’s portfolio, while institutional investors collectively own 71.34% of the company.
• AMD reported stronger-than-expected quarterly results, with earnings of $1.66 per share and revenue of $11.54 billion, up 50.1% year over year. The stock opened at $484.39, below its 50-day moving average, and carries a high valuation with a price-to-earnings ratio of 124.52.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $546.87. However, insiders sold shares worth $77.6 million over the past three months, although the cited executive sales were made under pre-arranged plans to cover tax obligations.

Meridian Wealth Management LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,535 shares of the semiconductor manufacturer's stock after selling 2,268 shares during the quarter. Advanced Micro Devices comprises approximately 1.4% of Meridian Wealth Management LLC's investment portfolio, making the stock its 17th biggest position. Meridian Wealth Management LLC's holdings in Advanced Micro Devices were worth $45,041,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $4,929,312,000. Jennison Associates LLC increased its stake in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock worth $2,336,552,000 after acquiring an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $1,000,783,000. Wellington Management Group LLP raised its position in Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Advanced Micro Devices by 340.1% in the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 4.3%

AMD stock opened at $484.39 on Wednesday. The company's 50 day moving average price is $512.26 and its 200 day moving average price is $371.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The firm has a market capitalization of $790.75 billion, a price-to-earnings ratio of 124.52 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. During the same period last year, the firm earned $0.48 earnings per share. Advanced Micro Devices's quarterly revenue was up 50.1% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 7,369 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $487.34, for a total transaction of $3,591,208.46. Following the completion of the sale, the executive vice president owned 1,241,347 shares in the company, valued at approximately $604,958,046.98. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Paul Darren Grasby sold 15,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares of the company's stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 163,959 shares of company stock worth $77,640,312. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. Wall Street Zen lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $546.87.

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: CEO Lisa Su reportedly expects AMD’s server revenue to grow by more than 80% during the current half, excluding the company’s AI accelerator business. The outlook reinforces the strength of AMD’s broader data-center franchise. Lisa Su Says AMD's Server Revenue Will Grow More Than 80%
• Positive Sentiment: AMD unveiled Instinct Coder for private enterprise AI, while a reported acquisition of a Canadian startup could support specialized, model-focused AI inference. These developments expand AMD’s enterprise AI offering, although their financial impact remains unproven. AMD Unveils Instinct Coder
• Positive Sentiment: AMD’s recently announced $4.75 billion debt offering provides capital for AI and data-center expansion. The financing may accelerate growth, though it also increases interest and execution risks. AMD Rises on $4.75 Billion Debt Offering
• Neutral Sentiment: AMD’s first 13F disclosed a $1.31 billion equity portfolio concentrated in six holdings, including a large SpaceX stake. The filing highlights potentially valuable strategic investments but does not directly change AMD’s chip-business earnings outlook. AMD’s $1.3 Billion Portfolio
• Negative Sentiment: Valuation remains a major concern: commentary says AMD trades at a substantially higher premium than NVIDIA, leaving the stock vulnerable to profit-taking if growth expectations cool. AMD vs. Nvidia Valuation
• Negative Sentiment: Executives Mark Papermaster and Paul Grasby sold shares under pre-arranged plans to cover tax withholding on vested equity awards. The transactions were not discretionary bearish bets, but insider selling can still weigh on sentiment. AMD Insider Sale Filing
• Negative Sentiment: Ark Invest sold approximately $13.1 million of AMD while buying NVIDIA, adding near-term selling pressure and reinforcing concerns about competition and relative valuation. Ark Invest Sells AMD

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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