Ballentine Partners LLC Purchases 3,204 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Ballentine Partners LLC increased its holdings in Advanced Micro Devices (AMD) by **11.0%**, purchasing an additional 3,204 shares during the second quarter, raising their total to 32,377 shares valued at approximately $4.59 million.
• Recent analyst reports show varied target price adjustments for AMD, with **Susquehanna** raising its target from $135 to **$210**, indicating positive sentiment, while **HSBC** lowered its target from $200 to **$185** but maintained a buy rating.
• AMD reported **$0.48 earnings per share**, missing estimates by $0.06, despite a revenue increase of **31.7%** year-over-year, highlighting a strong performance amidst missed earnings expectations.

Ballentine Partners LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,377 shares of the semiconductor manufacturer's stock after acquiring an additional 3,204 shares during the quarter. Ballentine Partners LLC's holdings in Advanced Micro Devices were worth $4,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC grew its stake in shares of 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 acquiring an additional 130 shares in the last quarter. Investors Research Corp grew its stake in shares of Advanced Micro Devices by 117.9% in the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 165 shares in the last quarter. Kozak & Associates Inc. grew its stake in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 185.3% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on AMD shares. Susquehanna upped their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. HSBC reduced their target price on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, September 9th. Piper Sandler upped 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 note on Wednesday, August 6th. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial boosted their price objective on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. 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, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $160.90 on Wednesday. The firm has a market capitalization of $261.11 billion, a P/E ratio of 92.47, a P/E/G ratio of 1.88 and a beta of 1.92. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock's 50-day simple moving average is $165.40 and its two-hundred day simple moving average is $130.18. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

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 in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,198 shares of company stock valued at $44,183,576 over the last 90 days. 0.06% of the stock is owned by insiders.

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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