Advanced Micro Devices, Inc. $AMD Shares Sold by Valicenti Advisory Services Inc.

Key Points

• Valicenti Advisory Services Inc. reduced its holding in Advanced Micro Devices (AMD) by 3.4% in Q2, now owning 74,226 shares valued at approximately $10.5 million.
• Goldman Sachs Group Inc. significantly increased its stake in AMD by 169.7% during the first quarter, making it one of the largest shareholders with over 9.8 million shares.
• AMD's recent quarterly earnings report showed a 31.7% increase in revenue year-over-year, although it missed earnings expectations by $0.06 per share.

Valicenti Advisory Services Inc. lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,226 shares of the semiconductor manufacturer's stock after selling 2,600 shares during the period. Advanced Micro Devices comprises 2.5% of Valicenti Advisory Services Inc.'s portfolio, making the stock its 13th largest holding. Valicenti Advisory Services Inc.'s holdings in Advanced Micro Devices were worth $10,533,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new position in Advanced Micro Devices during the second quarter worth approximately $958,422,000. Goldman Sachs Group Inc. increased its holdings in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after buying an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Advanced Micro Devices by 131.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock worth $1,069,846,000 after buying an additional 5,915,185 shares during the period. Nuveen LLC acquired a new position in Advanced Micro Devices in the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC grew its position in Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after acquiring an additional 4,133,785 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $159.46 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The company has a market cap of $258.78 billion, a PE ratio of 91.64, a P/E/G ratio of 1.90 and a beta of 1.92. The stock has a 50 day simple moving average of $165.48 and a 200-day simple moving average of $131.27. 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 announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion during 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 company's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMD shares. Susquehanna raised their price target on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Wedbush restated a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 target price on the stock in a report on Thursday, July 10th. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Piper Sandler boosted their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $180.88.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction dated 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 directly owned 313,848 shares of the company's stock, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 272,448 shares of company stock valued at $44,554,848. 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.

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