Diversify Advisory Services LLC Sells 13,583 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Diversify Advisory Services LLC reduced its holdings in Advanced Micro Devices by 6% in the 2nd quarter, selling 13,583 shares, which now makes up 1.2% of their portfolio.
• Several institutional investors increased their stakes in AMD, with Alliancebernstein L.P. boosting its holdings by 25.6% to 2,792,298 shares.
• Analyst ratings for AMD vary, with a consensus rating of "Moderate Buy" and a target price of $217.70, following several upgrades and downgrades from major firms.

Diversify Advisory Services LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,973 shares of the semiconductor manufacturer's stock after selling 13,583 shares during the quarter. Advanced Micro Devices accounts for approximately 1.2% of Diversify Advisory Services LLC's portfolio, making the stock its 15th largest position. Diversify Advisory Services LLC's holdings in Advanced Micro Devices were worth $30,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMD. Alliancebernstein L.P. boosted its holdings in Advanced Micro Devices by 25.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,792,298 shares of the semiconductor manufacturer's stock worth $396,227,000 after acquiring an additional 569,795 shares during the last quarter. Pingora Partners LLC boosted its holdings in shares of Advanced Micro Devices by 20.7% in the 2nd quarter. Pingora Partners LLC now owns 4,220 shares of the semiconductor manufacturer's stock worth $599,000 after buying an additional 725 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Advanced Micro Devices by 9.7% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 61,984 shares of the semiconductor manufacturer's stock worth $8,796,000 after buying an additional 5,505 shares during the last quarter. Wealth Preservation Advisors LLC raised its stake in Advanced Micro Devices by 72.4% in the 2nd quarter. Wealth Preservation Advisors LLC now owns 1,119 shares of the semiconductor manufacturer's stock valued at $159,000 after acquiring an additional 470 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in Advanced Micro Devices by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 752,304 shares of the semiconductor manufacturer's stock valued at $106,752,000 after acquiring an additional 15,264 shares during the period. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

AMD has been the topic of several analyst reports. Erste Group Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. TD Cowen upped their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. HSBC decreased their price target on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a research report on Tuesday, September 9th. Rosenblatt Securities upped their price objective on shares of Advanced Micro Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Melius Research set a $300.00 price objective on shares of Advanced Micro Devices in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have assigned a Hold rating and two have issued 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 a consensus target price of $217.70.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $232.89 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $377.94 billion, a P/E ratio of 133.84, a P/E/G ratio of 2.77 and a beta of 1.90. The business has a fifty day simple moving average of $169.47 and a two-hundred day simple moving average of $136.53. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $240.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 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 analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the firm's 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were 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. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,316 shares of company stock valued at $45,203,045. Company 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.

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