Comerica Bank Sells 29,896 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Comerica Bank has reduced its stake in Advanced Micro Devices (AMD) by 10.7%, selling 29,896 shares, resulting in a total holding of 249,329 shares valued at approximately $25.6 million.
• Institutional investors currently hold 71.34% of AMD's shares, indicating strong interest despite recent share sales by Comerica and other hedge funds.
• AMD's stock has seen a target price adjustment with analysts projecting future growth; ratings include four "Strong Buy," 21 "Buy," and one "Sell," with an average target price of $180.12.

Comerica Bank lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,329 shares of the semiconductor manufacturer's stock after selling 29,896 shares during the period. Comerica Bank's holdings in Advanced Micro Devices were worth $25,616,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in 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 acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC grew its position in 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 acquiring an additional 130 shares during the last quarter. Finally, Investors Research Corp grew its position in Advanced Micro Devices by 117.9% in the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Loop Capital decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Truist Financial lifted their target price on Advanced Micro Devices from $111.00 to $173.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Wedbush reiterated a "cautious" rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price on the stock in a research report on Thursday, August 7th. Finally, Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $180.12.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $167.76 on Monday. The stock's 50 day moving average is $155.48 and its 200 day moving average is $122.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm has a market cap of $272.25 billion, a P/E ratio of 96.41, a P/E/G ratio of 1.98 and a beta of 1.94. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Profile

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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