Citizens Financial Group Inc. RI Has $18.03 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Citizens Financial Group increased its AMD stake by 12.8% in the second quarter, bringing its holdings to 31,037 shares valued at approximately $18.03 million. Institutional investors and hedge funds collectively own 71.34% of AMD.
• AMD reported quarterly EPS of $1.66, exceeding estimates of $1.62, while revenue rose 50.1% year over year to $11.54 billion. However, the stock’s high price-to-earnings ratio of 121.66 highlights significant valuation risk.
• Wall Street maintains a generally bullish view, with an average “Moderate Buy” rating and a $546.95 price target, while insiders have sold roughly $99.9 million of shares over the past 90 days under pre-arranged trading plans.

Citizens Financial Group Inc. RI grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,037 shares of the semiconductor manufacturer's stock after buying an additional 3,518 shares during the period. Citizens Financial Group Inc. RI's holdings in Advanced Micro Devices were worth $18,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 24.0% during the second quarter. Cornerstone Advisors LLC now owns 81,465 shares of the semiconductor manufacturer's stock worth $47,324,000 after buying an additional 15,753 shares in the last quarter. Tortoise Investment Management LLC acquired a new position in shares of Advanced Micro Devices in the second quarter valued at about $473,000. UNIVEST FINANCIAL Corp grew its stake in shares of Advanced Micro Devices by 79.3% in the second quarter. UNIVEST FINANCIAL Corp now owns 2,304 shares of the semiconductor manufacturer's stock valued at $1,338,000 after acquiring an additional 1,019 shares in the last quarter. Conway Capital Management Inc. increased its position in Advanced Micro Devices by 408.4% during the second quarter. Conway Capital Management Inc. now owns 6,355 shares of the semiconductor manufacturer's stock worth $3,692,000 after acquiring an additional 5,105 shares during the period. Finally, Lee Johnson Capital Management LLC bought a new position in Advanced Micro Devices during the second quarter worth about $8,281,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 0.8%

AMD opened at $473.25 on Friday. The stock has a market capitalization of $772.57 billion, a price-to-earnings ratio of 121.66 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The company has a 50-day simple moving average of $511.40 and a 200 day simple moving average of $375.55.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's quarterly revenue was up 50.1% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the sale, the chief executive officer owned 3,102,156 shares in the company, valued at approximately $1,491,950,906.64. This trade represents a 0.48% 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 Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 210,763 shares of company stock worth $99,912,107 in the last 90 days. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMD shares. KeyCorp set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Stifel Nicolaus increased their target price on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Wall Street Zen cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Truist Financial boosted their price target on Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Three investment 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 given a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $546.95.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

Advanced Micro Devices 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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