Advanced Micro Devices, Inc. $AMD Shares Sold by Securian Asset Management Inc.

Key Points

• Securian Asset Management Inc. reduced its position in Advanced Micro Devices, Inc. (AMD) by 1.2% in the 2nd quarter, now holding approximately $12 million worth of shares.
• Advanced Micro Devices reported a second quarter revenue of $7.69 billion, surpassing analyst expectations, though its earnings per share of $0.48 missed estimates by $0.06.
• In recent brokerages' reports, several firms raised their price targets for AMD, with HSBC increasing it from $185 to $310 and maintaining a "buy" rating.

Securian Asset Management Inc. reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,771 shares of the semiconductor manufacturer's stock after selling 1,068 shares during the quarter. Securian Asset Management Inc.'s holdings in Advanced Micro Devices were worth $12,029,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of 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 buying an additional 200 shares during the period. American Capital Advisory LLC boosted its stake in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares during the period. Dogwood Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock valued at $30,000 after buying an additional 208 shares during the period. West Branch Capital LLC boosted its stake in shares of Advanced Micro Devices by 3,057.1% in the 2nd 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 during the period. Finally, Bear Mountain Capital Inc. boosted its stake in shares of Advanced Micro Devices by 75.0% in 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. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD stock opened at $240.56 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $242.88. The business has a 50 day moving average price of $177.32 and a 200 day moving average price of $143.15. The stock has a market cap of $390.39 billion, a price-to-earnings ratio of 138.25, a PEG ratio of 2.32 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data 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 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 analysts' expectations of $7.41 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AMD. HSBC lifted their price objective on Advanced Micro Devices from $185.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, October 15th. Evercore ISI lifted their price objective on Advanced Micro Devices from $188.00 to $240.00 and gave the company an "outperform" rating in a research note on Tuesday, October 7th. Mizuho lifted their price objective on Advanced Micro Devices from $205.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday, October 13th. Piper Sandler reiterated an "overweight" rating and issued a $240.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft set a $235.00 target price on Advanced Micro Devices and gave the stock a "hold" rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $233.94.

Advanced Micro Devices 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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