Central Pacific Bank Trust Division Acquires 4,727 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Central Pacific Bank Trust Division increased its AMD holdings by 44.6% in the third quarter, adding 4,727 shares for a total of 15,328 shares valued at $9.38 million. Institutional investors own 71.34% of AMD.
• AMD insiders sold substantial shares, including CEO Lisa Su’s 70,000-share sale worth $35.5 million; insiders sold $105.5 million of stock over the past three months.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and beat earnings estimates. Analysts maintain a Moderate Buy consensus, though the stock’s roughly 162 P/E ratio highlights elevated valuation risk.

Central Pacific Bank Trust Division raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,328 shares of the semiconductor manufacturer's stock after acquiring an additional 4,727 shares during the period. Advanced Micro Devices comprises about 1.0% of Central Pacific Bank Trust Division's investment portfolio, making the stock its 17th largest holding. Central Pacific Bank Trust Division's holdings in Advanced Micro Devices were worth $9,377,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton boosted its holdings in shares of Advanced Micro Devices by 2.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,253 shares of the semiconductor manufacturer's stock worth $1,378,000 after buying an additional 64 shares during the period. Box Hill Private Wealth LLC raised its stake in Advanced Micro Devices by 2.5% in the 3rd quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock worth $486,000 after purchasing an additional 19 shares in the last quarter. Park National Corp OH increased its holdings in shares of Advanced Micro Devices by 1.9% during the third quarter. Park National Corp OH now owns 2,305 shares of the semiconductor manufacturer's stock worth $1,410,000 after purchasing an additional 42 shares during the period. Baker Tilly Wealth Management LLC increased its stake in Advanced Micro Devices by 27.4% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 2,162 shares of the semiconductor manufacturer's stock worth $1,467,000 after acquiring an additional 465 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in Advanced Micro Devices by 6,968.7% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock valued at $85,995,000 after acquiring an additional 138,328 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 70,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares of the company's stock, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 213,838 shares of company stock valued at $105,533,836 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 0.3%

NASDAQ:AMD opened at $631.75 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $645.46. 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 company has a market cap of $1.03 trillion, a PE ratio of 162.40, a P/E/G ratio of 6.58 and a beta of 2.45. The firm's 50 day simple moving average is $515.38 and its 200 day simple moving average is $449.17.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company's revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: CEO Lisa Su said AMD plans to substantially increase AI-chip supply in 2027 to meet accelerating demand. AMD is working with suppliers in Taiwan and South Korea to secure advanced wafer and high-bandwidth memory capacity, signaling that manufacturing constraints may ease as demand for its AI processors expands. AMD plans to substantially increase supply in 2027, CEO says
• Positive Sentiment: Stifel raised its AMD price target from $635 to $700 and reiterated a Buy rating. Analyst Ruben Roy expects a third-quarter “beat-and-raise,” supported by EPYC server processors, with the MI450 AI-chip rollout and margins key to the fourth-quarter outlook. Stifel Raises AMD Stock Price Target Ahead of Q3 Earnings
• Positive Sentiment: Analysts and Zacks are highlighting AMD’s history of earnings surprises and the possibility of another quarterly beat. That optimism follows the company’s latest reported quarter, when revenue grew 50.1% year over year and earnings exceeded consensus estimates. Why Advanced Micro Could Beat Earnings Estimates Again
• Neutral Sentiment: AMD’s potential strategic agreements with OpenAI and Meta could strengthen customer demand and AI positioning, but issuing up to 320 million shares for a nominal price would increase the share count and potentially dilute existing shareholders. AMD Has Promised OpenAI and Meta Up to 320 Million Shares
• Negative Sentiment: Valuation remains a concern: AMD’s reported P/E ratio is about 162, and commentators argue that the stock is considerably more expensive than Nvidia relative to current earnings. Investors may therefore demand strong execution and rapid AI growth to justify the premium. AMD Reaches a $1 Trillion Market Cap

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup restated a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday. The Goldman Sachs Group raised their target price on Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a report on Monday, July 6th. Mizuho increased their target price on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Wedbush reaffirmed an "outperform" rating and set a $600.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Finally, Morgan Stanley upped their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $569.25.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.

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