Advanced Micro Devices, Inc. $AMD Shares Sold by Stoneridge Investment Partners LLC

Key Points

• Stoneridge Investment Partners cut its AMD stake by 44.9% in the second quarter, selling 3,710 shares and retaining 4,554 shares valued at approximately $2.65 million. Institutional investors collectively own 71.34% of AMD.
• 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. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $546.87.
• AMD shares opened at $466.42, while valuation and market volatility remain key risks. Recent insider and institutional selling contrasts with continued optimism about the company’s data-center and AI growth prospects.

Stoneridge Investment Partners LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,554 shares of the semiconductor manufacturer's stock after selling 3,710 shares during the quarter. Advanced Micro Devices comprises 1.7% of Stoneridge Investment Partners LLC's portfolio, making the stock its 10th largest holding. Stoneridge Investment Partners LLC's holdings in Advanced Micro Devices were worth $2,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Joseph Group Capital Management bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices in the 4th quarter worth $27,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter worth $27,000. Basepoint Wealth LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth $30,000. Finally, Graney & King LLC acquired a new position in Advanced Micro Devices during the 1st quarter worth $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $466.42 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The firm has a market capitalization of $761.42 billion, a PE ratio of 119.90 and a beta of 2.48. The business's 50 day moving average is $512.54 and its 200-day moving average is $373.22. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMD. Wolfe Research set a $450.00 price target on Advanced Micro Devices and gave the company an "outperform" rating in a research report on Monday, June 15th. Citigroup upgraded Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research note on Wednesday, July 22nd. Argus raised their target price on Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Seaport Research Partners raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 price target on the stock in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $546.87.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares of the company's stock, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 7,369 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $487.34, for a total transaction of $3,591,208.46. Following the completion of the transaction, the executive vice president directly owned 1,241,347 shares of the company's stock, valued at $604,958,046.98. This trade represents a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 163,959 shares of company stock worth $77,640,312. 0.50% of the stock is currently owned by company insiders.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD appointed Tim Ryan to its board, adding expertise in technology, enterprise operations and financial governance. KC McClure was named chair of the Audit and Finance Committee, potentially strengthening oversight. AMD Appoints Tim Ryan to Board of Directors
• Positive Sentiment: Analysts and investment commentary remain constructive on AMD’s long-term outlook. CEO Lisa Su’s projection for more than 80% growth in server revenue, excluding AI accelerators, supports the strength of the broader data-center business. AMD Server Revenue Growth Outlook
• Positive Sentiment: AMD’s Helios platform, Instinct Coder private-enterprise AI offering and memorandum of understanding with Mexico’s Secihti add to the company’s AI and international growth initiatives. Their near-term earnings contribution remains uncertain. AMD Instinct Coder
• Neutral Sentiment: AMD’s latest quarterly results exceeded expectations, with revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share versus the $1.62 consensus. However, investors are increasingly demanding continued acceleration from the AI business.
• Negative Sentiment: A renewed technology sell-off pressured chip stocks even as major indexes recovered and Treasury yields eased. Concerns about borrowing costs, inflation, geopolitical tensions and elevated oil prices are weighing on high-growth AI names. Why Intel and AMD Stocks Are Falling
• Negative Sentiment: Valuation is a key risk: AMD trades at a high earnings multiple and at a premium to NVIDIA, leaving the stock vulnerable to disappointment or profit-taking despite strong growth forecasts. Analysts remain broadly bullish, with a reported consensus target of $546.87. AMD Versus NVIDIA Valuation
• Negative Sentiment: ARK Invest recently sold AMD shares while purchasing NVIDIA, adding modest near-term selling pressure and highlighting investor preference shifts within AI-chip stocks. Executive share sales were made under pre-arranged plans to cover tax withholding, reducing their bearish significance. ARK Invest Sells AMD

Advanced Micro Devices Company 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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