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

Key Points

• Tempus Wealth Planning LLC has reduced its stake in Advanced Micro Devices, Inc. by 53.8% to 2,714 shares, representing a total value of $385,000 at the end of Q2.
• Several brokerages have recently upgraded their price targets for AMD, with UBS raising it from $150 to $210 and Bank of America from $175 to $200, both assigning a "buy" rating.
• Advanced Micro Devices reported a quarterly revenue of $7.69 billion, exceeding analyst estimates of $7.41 billion, although it missed EPS expectations with a reported $0.48 compared to a consensus of $0.54.

Tempus Wealth Planning LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,714 shares of the semiconductor manufacturer's stock after selling 3,156 shares during the period. Tempus Wealth Planning LLC's holdings in Advanced Micro Devices were worth $385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sandy Cove Advisors LLC grew its position in Advanced Micro Devices by 1.4% in the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after acquiring an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its stake in shares of Advanced Micro Devices by 3.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock valued at $381,000 after purchasing an additional 85 shares during the period. Seaview Investment Managers LLC boosted its stake in shares of Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares during the period. Tompkins Financial Corp grew its holdings in Advanced Micro Devices by 30.3% during the 2nd quarter. Tompkins Financial Corp now owns 417 shares of the semiconductor manufacturer's stock valued at $59,000 after purchasing an additional 97 shares in the last quarter. Finally, Activest Wealth Management increased its stake in Advanced Micro Devices by 9.4% during the 1st quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock worth $117,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. UBS Group raised their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Bank of America raised their price objective on Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. DZ Bank raised Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price on the stock in a research report on Thursday, August 7th. Evercore ISI increased their target price on Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has issued 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 $180.88.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $159.46 on Monday. The business has a 50 day simple moving average of $165.48 and a 200 day simple moving average of $131.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm has a market capitalization of $258.78 billion, a price-to-earnings ratio of 91.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65.

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). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. 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 EPS. The firm's quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were 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. This represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the transaction, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock valued at $44,554,848 in the last ninety days. Company insiders own 0.06% of the company's stock.

About Advanced Micro Devices

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.