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

Key Points

• SVB Wealth LLC reduced its holdings in Advanced Micro Devices, Inc. by 28.3%, selling 7,233 shares and owning 18,297 shares valued at $1.88 million at the end of the quarter.
• EVP Mark D. Papermaster sold 17,998 shares for approximately $2.79 million, reducing his ownership by 1.04%, while EVP Paul Darren Grasby sold 10,000 shares valued at about $1.73 million, decreasing his ownership by 7.38%.
• Advanced Micro Devices has initiated a share buyback program allowing for $6 billion in repurchases, reflecting the leadership's belief that the stock is undervalued.

SVB Wealth LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 28.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,297 shares of the semiconductor manufacturer's stock after selling 7,233 shares during the period. SVB Wealth LLC's holdings in Advanced Micro Devices were worth $1,880,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMD. Greenline Partners LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth $28,000. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC grew its holdings in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Finally, Investors Research Corp grew its holdings in Advanced Micro Devices by 117.9% during the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 165 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price objective for the company in a report on Thursday, July 10th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Stifel Nicolaus raised their price target on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Bank of America raised their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $180.12.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $4.40 during mid-day trading on Monday, hitting $163.36. The stock had a trading volume of 36,030,531 shares, compared to its average volume of 70,988,472. The stock has a market capitalization of $265.11 billion, a price-to-earnings ratio of 93.89, a P/E/G ratio of 1.98 and a beta of 1.94. The company has a 50 day simple moving average of $156.22 and a 200-day simple moving average of $122.55. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. 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 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,998 shares of company stock valued at $41,415,580. Company insiders own 0.06% of the company's stock.

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.