Advanced Micro Devices, Inc. $AMD Stock Position Reduced by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has reduced its stake in Advanced Micro Devices, Inc. (AMD) by 36.9%, owning 6,490 shares worth approximately $667,000 after selling 3,793 shares.
• CEO Lisa T. Su and EVP Paul Darren Grasby both sold significant amounts of stock recently, with total insider sales exceeding $41 million over the past quarter.
• AMD reported earnings per share (EPS) of $0.48, missing analyst estimates, but revenue for the quarter increased by 31.7% year-over-year, reaching $7.69 billion.

Great Lakes Advisors LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 36.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,490 shares of the semiconductor manufacturer's stock after selling 3,793 shares during the quarter. Great Lakes Advisors LLC's holdings in Advanced Micro Devices were worth $667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC increased its position in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Investors Research Corp raised its stake in shares of 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 purchasing an additional 165 shares in the last quarter. Finally, Kozak & Associates Inc. raised its stake in shares of Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction 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. This represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,998 shares of company stock valued at $41,415,580. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $155.67 on Friday. The stock has a 50-day simple moving average of $162.72 and a 200 day simple moving average of $126.75. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The stock has a market capitalization of $252.63 billion, a PE ratio of 89.47, a P/E/G ratio of 1.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the business earned $0.69 EPS. The business's quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Piper Sandler increased their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Truist Financial upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and increased their price target for the stock from $173.00 to $213.00 in a research note on Tuesday, August 26th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research note on Monday, June 23rd. Hsbc Global Res raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, HSBC cut their target price on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

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.