Advanced Micro Devices, Inc. $AMD Shares Acquired by Centric Wealth Management

Key Points

• Centric Wealth Management increased its holdings in Advanced Micro Devices, Inc. by 53.5% in the first quarter, acquiring an additional 7,793 shares valued at approximately $2.3 million.
• Multiple large investors, including Toronto Dominion Bank and Brighton Jones LLC, significantly increased their positions in AMD during the fourth quarter, reflecting growing institutional interest.
• AMD reported earnings of $0.48 per share for the last quarter, missing analyst expectations, but revenue rose by 31.7% year-over-year to $7.69 billion.

Centric Wealth Management increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,360 shares of the semiconductor manufacturer's stock after buying an additional 7,793 shares during the period. Centric Wealth Management's holdings in Advanced Micro Devices were worth $2,297,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Greenline Partners LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $28,000. Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC boosted its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the period. Finally, Investors Research Corp lifted its stake in Advanced Micro Devices by 117.9% in the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 165 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $0.31 on Tuesday, hitting $162.32. 38,403,526 shares of the company's stock were exchanged, compared to its average volume of 46,700,957. The stock has a market cap of $263.42 billion, a P/E ratio of 93.29, a price-to-earnings-growth ratio of 1.93 and a beta of 1.92. The company has a 50 day moving average of $160.00 and a 200 day moving average of $124.43. 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, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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). The firm had revenue of $7.69 billion for 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%.The company's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. DZ Bank raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective on the stock in a report on Thursday, August 7th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $110.00 to $175.00 in a report on Monday, June 23rd. Evercore ISI increased their target price on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Sanford C. Bernstein increased their target price on 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. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.33.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction 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. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,998 shares of company stock worth $41,415,580 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

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.