Bank Hapoalim BM Has $3.26 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Bank Hapoalim BM reduced its AMD position by 25.1% in the second quarter, selling 1,876 shares and retaining 5,609 shares valued at approximately $3.26 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year to $11.54 billion and earnings of $1.66 per share, exceeding analyst expectations.
• Wall Street remains broadly bullish, with the stock holding a “Moderate Buy” consensus rating and an average price target of $546.87; recent targets range as high as $700, supported by anticipated AI and data-center growth.

Bank Hapoalim BM cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,609 shares of the semiconductor manufacturer's stock after selling 1,876 shares during the quarter. Bank Hapoalim BM's holdings in Advanced Micro Devices were worth $3,258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMD. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $27,000. Basepoint Wealth LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Graney & King LLC acquired a new position in Advanced Micro Devices in the first quarter valued at about $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD priced a record $4.75 billion senior-notes offering in four tranches maturing from 2029 through 2036. Management plans to use the capital for general corporate purposes, including expanding its AI and data-center businesses. The offering gives AMD additional financial flexibility without issuing shares, although it will increase interest expense. AMD Rises on $4.75 Billion Debt Offering
• Positive Sentiment: Analysts continue to see upside based on accelerating demand for AMD’s AI data-center processors, record data-center revenue, and potential growth in server CPUs. Reported analyst price targets reach as high as $700, supporting the bullish case despite the stock’s large year-to-date advance. AMD Stock Is Up 136% YTD. Why Wall Street Still Sees More Upside
• Positive Sentiment: A quarterly SEC filing disclosed sizable equity stakes in SpaceX and Nutanix. The investments broaden AMD’s strategic exposure to space technology and enterprise infrastructure, though the filing did not establish a direct near-term revenue impact. AMD Filing Reveals Unexpected SpaceX and Nutanix Bet

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company's stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 143 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $474.75, for a total value of $67,889.25. Following the transaction, the senior vice president owned 17,644 shares of the company's stock, valued at approximately $8,376,489. This trade represents a 0.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 161,077 shares of company stock worth $74,732,145 in the last ninety days. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Melius Research set a $660.00 target price on Advanced Micro Devices in a research report on Friday, July 24th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Argus lifted their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Wedbush restated an "outperform" rating and set a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Advanced Micro Devices in a research note on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $546.87.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $506.00 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company's 50 day moving average price is $512.08 and its two-hundred day moving average price is $370.08. The company has a market capitalization of $826.03 billion, a P/E ratio of 130.08 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, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 earnings per share. The business's quarterly revenue was up 50.1% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

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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