Bernard Wealth Management Corp. Sells 2,852 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Bernard Wealth Management Corp. significantly reduced its holdings in Advanced Micro Devices, Inc. by 64.9%, selling 2,852 shares and ending the quarter with 1,545 shares valued at $219,000.
• Insider trading activity included SVP Ava Hahn selling 2,868 shares and EVP Mark D. Papermaster selling 17,998 shares, which reflects notable decreases in their ownership stakes.
• Despite a recent 7.8% decline in share price, several analysts have upgraded their ratings for AMD, with target prices as high as $273.

Bernard Wealth Management Corp. reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 64.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,545 shares of the semiconductor manufacturer's stock after selling 2,852 shares during the quarter. Bernard Wealth Management Corp.'s holdings in Advanced Micro Devices were worth $219,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. SLT Holdings LLC grew its stake in shares of Advanced Micro Devices by 4.3% during the 2nd quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer's stock worth $306,000 after acquiring an additional 88 shares in the last quarter. KFA Private Wealth Group LLC bought a new position in shares of Advanced Micro Devices in the second quarter valued at $269,000. Drucker Wealth 3.0 LLC bought a new position in shares of Advanced Micro Devices in the second quarter valued at $331,000. Aberdeen Group plc grew its stake in shares of Advanced Micro Devices by 6.4% in the second quarter. Aberdeen Group plc now owns 1,486,699 shares of the semiconductor manufacturer's stock valued at $213,535,000 after buying an additional 89,576 shares in the last quarter. Finally, Zullo Investment Group Inc. grew its stake in shares of Advanced Micro Devices by 3.4% in the second quarter. Zullo Investment Group Inc. now owns 11,288 shares of the semiconductor manufacturer's stock valued at $1,602,000 after buying an additional 370 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares of the company's stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on 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 sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 275,316 shares of company stock valued at $45,203,045. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 7.8%

Shares of Advanced Micro Devices stock opened at $214.76 on Friday. The business has a fifty day simple moving average of $170.33 and a two-hundred day simple moving average of $137.22. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $240.10. The company has a market capitalization of $348.51 billion, a price-to-earnings ratio of 123.42, a P/E/G ratio of 2.74 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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). 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 for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the business earned $0.69 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMD shares. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday. Truist Financial reissued a "buy" rating and issued a $273.00 target price (up from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday. Hsbc Global Res raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Stifel Nicolaus set a $240.00 target price on shares of Advanced Micro Devices in a research note on Monday. Finally, Sanford C. Bernstein raised their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $218.25.

About Advanced Micro Devices

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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