Avalon Trust Co Increases Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Avalon Trust Co increased its AMD holdings by 2,602.9% in the second quarter, acquiring 27,721 additional shares for a total position of 28,786 shares valued at $16.7 million. Institutional investors collectively own 71.34% of AMD.
• Analysts remain broadly optimistic, with AMD holding a “Moderate Buy” consensus rating and an average price target of $546.87. The company’s latest quarterly results exceeded expectations, including $11.54 billion in revenue, up 50.1% year over year, and adjusted earnings of $1.66 per share.
• AMD shares opened at $466.42 after a 3.7% decline, while valuation and market volatility remain key risks. The stock trades at roughly 120 times earnings, and recent insider sales were primarily attributed to tax-withholding obligations under pre-arranged plans.

Avalon Trust Co raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2,602.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,786 shares of the semiconductor manufacturer's stock after acquiring an additional 27,721 shares during the quarter. Advanced Micro Devices makes up 1.0% of Avalon Trust Co's investment portfolio, making the stock its 29th biggest holding. Avalon Trust Co's holdings in Advanced Micro Devices were worth $16,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Southpoint Capital Advisors LP grew its position in Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after buying an additional 300,000 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 6,228.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock valued at $65,966,000 after acquiring an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC acquired a new position in shares of Advanced Micro Devices during the first quarter worth about $1,193,000. Dimensional Fund Advisors LP raised its holdings in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after purchasing an additional 291,165 shares in the last quarter. Finally, Williamson Legacy Group LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $1,118,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMD shares. Mizuho increased their target price on Advanced Micro Devices from $615.00 to $625.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. Zacks Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. KeyCorp set a $650.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, Melius Research set a $660.00 price target on shares of Advanced Micro Devices in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $546.87.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD appointed Tim Ryan to its board, adding expertise in technology, enterprise operations and financial governance. KC McClure was named chair of the Audit and Finance Committee, potentially strengthening oversight. AMD Appoints Tim Ryan to Board of Directors
• Positive Sentiment: Analysts and investment commentary remain constructive on AMD’s long-term outlook. CEO Lisa Su’s projection for more than 80% growth in server revenue, excluding AI accelerators, supports the strength of the broader data-center business. AMD Server Revenue Growth Outlook
• Positive Sentiment: AMD’s Helios platform, Instinct Coder private-enterprise AI offering and memorandum of understanding with Mexico’s Secihti add to the company’s AI and international growth initiatives. Their near-term earnings contribution remains uncertain. AMD Instinct Coder
• Neutral Sentiment: AMD’s latest quarterly results exceeded expectations, with revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share versus the $1.62 consensus. However, investors are increasingly demanding continued acceleration from the AI business.
• Negative Sentiment: A renewed technology sell-off pressured chip stocks even as major indexes recovered and Treasury yields eased. Concerns about borrowing costs, inflation, geopolitical tensions and elevated oil prices are weighing on high-growth AI names. Why Intel and AMD Stocks Are Falling
• Negative Sentiment: Valuation is a key risk: AMD trades at a high earnings multiple and at a premium to NVIDIA, leaving the stock vulnerable to disappointment or profit-taking despite strong growth forecasts. Analysts remain broadly bullish, with a reported consensus target of $546.87. AMD Versus NVIDIA Valuation
• Negative Sentiment: ARK Invest recently sold AMD shares while purchasing NVIDIA, adding modest near-term selling pressure and highlighting investor preference shifts within AI-chip stocks. Executive share sales were made under pre-arranged plans to cover tax withholding, reducing their bearish significance. ARK Invest Sells AMD

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 15,000 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares of the company's stock, valued at $60,598,213.17. This trade represents a 11.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark D. Papermaster sold 7,369 shares of Advanced Micro Devices stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $487.34, for a total transaction of $3,591,208.46. Following the sale, the executive vice president owned 1,241,347 shares of the company's stock, valued at approximately $604,958,046.98. This trade represents a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 163,959 shares of company stock worth $77,640,312 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 3.7%

Shares of Advanced Micro Devices stock opened at $466.42 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The business has a 50 day moving average price of $512.54 and a 200 day moving average price of $373.22. The company has a market capitalization of $761.42 billion, a P/E ratio of 119.90 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices's revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Advanced Micro Devices 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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source