Allstate Corp Lowers Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Allstate Corp has reduced its holdings in Advanced Micro Devices, Inc. (AMD) by 14.2%, now owning 41,154 shares valued at $4.23 million after selling 6,835 shares in the first quarter.
• Company insiders have also sold their shares, with EVP Mark D. Papermaster selling 17,998 shares valued at approximately $2.79 million, indicating a 1.04% decrease in his position.
• Advanced Micro Devices reported $0.48 EPS for the last quarter, missing expectations, yet had a revenue increase of 31.7% year-over-year, amounting to $7.69 billion.

Allstate Corp decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 41,154 shares of the semiconductor manufacturer's stock after selling 6,835 shares during the period. Allstate Corp's holdings in Advanced Micro Devices were worth $4,228,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Seaview Investment Managers LLC grew its position 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. Peterson Wealth Services raised its position in shares of Advanced Micro Devices by 2.9% during the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after purchasing an additional 103 shares during the last quarter. Lifeworks Advisors LLC lifted its stake in Advanced Micro Devices by 5.6% in the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock valued at $203,000 after buying an additional 104 shares in the last quarter. Alaethes Wealth LLC boosted its holdings in Advanced Micro Devices by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after buying an additional 115 shares during the last quarter. Finally, Sunflower Bank N.A. increased its stake in Advanced Micro Devices by 4.3% during the 1st quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock worth $288,000 after buying an additional 116 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm'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 transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

AMD opened at $163.71 on Friday. The firm has a market cap of $265.68 billion, a price-to-earnings ratio of 94.09, a PEG ratio of 1.95 and a beta of 1.94. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock's 50-day moving average price is $154.45 and its 200 day moving average price is $121.67. 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 issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMD shares. Susquehanna raised their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research note on Thursday, July 10th. Bank of America lifted their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Loop Capital reduced their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their price target for the stock from $110.00 to $175.00 in a research report on Monday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $180.12.

Advanced Micro Devices Company 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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