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

Key Points

• Sovran Advisors LLC reduced its stake in Advanced Micro Devices, Inc. (AMD) by 50.4%, selling over 2,398 shares, while other institutional investors like Vanguard and Amundi have increased their holdings.
• Advanced Micro Devices reported an EPS of $0.48 for the last quarter, missing analysts' expectations of $0.54, although its revenue of $7.69 billion exceeded estimates.
• Leading analysts have raised their price targets for AMD, with ratings ranging from "Outperform" to "Buy," reflecting positive sentiment around the company's prospects.

Sovran Advisors LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 50.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,356 shares of the semiconductor manufacturer's stock after selling 2,398 shares during the quarter. Sovran Advisors LLC's holdings in Advanced Micro Devices were worth $325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. Brighton Jones LLC increased its stake in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after acquiring an additional 29,825 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $42,867,000. Finally, Formidable Asset Management LLC boosted its holdings in Advanced Micro Devices by 86.9% in the fourth quarter. Formidable Asset Management LLC now owns 11,076 shares of the semiconductor manufacturer's stock valued at $1,338,000 after purchasing an additional 5,149 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $1.53 during midday trading on Tuesday, reaching $161.32. 23,420,563 shares of the company were exchanged, compared to its average volume of 46,608,629. The stock has a market cap of $261.80 billion, a P/E ratio of 92.72, a PEG ratio of 1.85 and a beta of 1.92. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65. The stock has a fifty day simple moving average of $165.29 and a 200 day simple moving average of $129.96. 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 posted 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 return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The firm's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,198 shares of company stock worth $44,183,576 over the last quarter. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Sanford C. Bernstein upped their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Mizuho increased their price objective on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Piper Sandler lifted their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Benchmark boosted their target price on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.88.

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.