Advanced Micro Devices, Inc. $AMD Stake Lessened by M&T Bank Corp

Key Points

• M&T Bank Corp cut its stake in Advanced Micro Devices by 80.5% in Q4, selling 60,774 shares and retaining 14,737 shares valued at about $3.16 million.
• AMD posted a quarterly beat with EPS $1.53 vs. $1.32 and revenue of $10.27 billion (+34.1% YoY); the stock trades near $334.51 with a market cap around $545 billion.
• Company insiders have been net sellers — executives sold large blocks (e.g., Mark Papermaster 27,109 shares) and insiders disposed of 273,352 shares (~$59.2M) over three months, while analysts' consensus is a “Moderate Buy” with an average price target of ~$295.46.

M&T Bank Corp lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 80.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,737 shares of the semiconductor manufacturer's stock after selling 60,774 shares during the period. M&T Bank Corp's holdings in Advanced Micro Devices were worth $3,156,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Koesten Hirschmann & Crabtree INC. lifted its holdings in shares of Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. ORG Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 46 shares in the last quarter. Key Capital Management INC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $38,000. PFS Partners LLC lifted its holdings in shares of Advanced Micro Devices by 269.2% in the fourth quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer's stock valued at $41,000 after purchasing an additional 140 shares in the last quarter. Finally, Aviso Financial Inc. lifted its holdings in shares of Advanced Micro Devices by 400.0% in the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer's stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 3.8%

NASDAQ AMD opened at $334.51 on Tuesday. The company has a market capitalization of $545.36 billion, a PE ratio of 126.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. Advanced Micro Devices, Inc. has a 1-year low of $91.87 and a 1-year high of $352.99. The firm's fifty day simple moving average is $224.34 and its 200-day simple moving average is $225.82. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.21. The firm had revenue of $10.27 billion during the quarter, compared to analysts' expectations of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. Advanced Micro Devices's revenue for the quarter was up 34.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 5.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 27,109 shares of the company's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $275.00, for a total value of $7,454,975.00. Following the completion of the sale, the executive vice president directly owned 1,267,357 shares in the company, valued at approximately $348,523,175. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the completion of the sale, the executive vice president owned 289,098 shares of the company's stock, valued at $62,679,337.38. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 273,352 shares of company stock valued at $59,173,070. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Bright demand backdrop — AMD benefits from ongoing AI and data‑center spending, and recent earnings/revenue beats underpin the bull case. Advanced Micro (AMD) Soars 13.9%: Is Further Upside Left in the Stock?
• Positive Sentiment: Supply‑chain tailwinds: a key AMD supplier (Sanmina) reported an earnings beat tied to AI hardware demand, signaling continued OEM appetite. AMD Supplier Up 40% This Month Soars On Earnings Beat
• Positive Sentiment: Longer‑term bull narratives remain: pieces arguing AMD can outpace peers on CPUs and benefit from a potential CPU shortage add conviction for investors focused on market share gains. Forget Nvidia: Sudden CPU Shortage Can Make AMD Explode Higher
• Neutral Sentiment: Options strategies: market commentary highlights an options spread on AMD that historically profits in this volatility — useful for traders but not a direct stock catalyst. As Chip Stocks Soar, This Options Spread Trade On AMD Almost Always Makes A Profit
• Neutral Sentiment: Small commercial wins: HostColor announced AMD‑based dedicated servers in Hong Kong — a positive but limited commercial signpost. HostColor Announced 10 Gbps AMD Dedicated Servers in Hong Kong Data Centers
• Negative Sentiment: Analyst downgrades and cautious price targets pressured the tape — Northland cut to Market Perform with a $260 target and Citi kept a Hold/neutral stance at $248, increasing perceived downside. Northland Downgrades AMD to Market Perform: Is the Chip Rally Running on Fumes?
• Negative Sentiment: Major fund selling: Cathie Wood’s ARK Funds unexpectedly sold significant AMD shares, triggering intraday weakness and signaling some institutional profit‑taking. AMD Stock Slips After Cathie Wood's ARK Dumps Millions in Shares
• Negative Sentiment: Sector pullback/risk off: the semiconductor ETF ended a long winning streak and worries about stretched valuations and geopolitical risk weighed on chip names broadly. Semiconductor Stocks End 18-Day Winning Streak. It’s Time to Sell.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMD. Phillip Securities upgraded Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Sunday, February 8th. Roth Mkm reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Mizuho upped their price target on shares of Advanced Micro Devices from $275.00 to $280.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 25th. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $210.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $295.46.

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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