Eastern Bank Purchases 1,614 Shares of Advanced Micro Devices, Inc. $AMD

Eastern Bank raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,165 shares of the semiconductor manufacturer's stock after buying an additional 1,614 shares during the period. Advanced Micro Devices comprises 1.4% of Eastern Bank's portfolio, making the stock its 19th biggest position. Eastern Bank's holdings in Advanced Micro Devices were worth $95,536,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMD. BlackRock Inc. lifted its position in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after buying an additional 4,535,126 shares in the last quarter. State Street Corp grew its stake in shares of Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $7,022,226,000. Jennison Associates LLC raised its position in Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after buying an additional 2,365,419 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 0.4%

Shares of AMD traded down $2.78 on Monday, hitting $631.13. The company's stock had a trading volume of 7,298,116 shares, compared to its average volume of 32,733,998. The firm's fifty day moving average price is $512.65 and its 200-day moving average price is $446.10. 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 fifty-two week low of $188.22 and a fifty-two week high of $645.46. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 162.01, a P/E/G ratio of 6.58 and a beta of 2.45.

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

More Advanced Micro Devices News

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

• Positive Sentiment: Stifel reiterated its Buy rating and raised its price target from $635 to $700, citing expectations for a third-quarter earnings beat and higher guidance. EPYC server processors are expected to drive results, while the MI450 AI platform and profit margins will be key to the fourth-quarter outlook. AMD Q3 Preview and Stifel Analyst Outlook
• Positive Sentiment: Analysts continue to view AMD as a major beneficiary of expanding AI infrastructure and inference demand. Its established CPU business in servers and PCs provides revenue and cash flow while the company builds its AI accelerator franchise. AMD CPU Business and AI Ambitions
• Positive Sentiment: Rosenblatt maintained a Buy rating and a $700 target after AMD announced its planned acquisition of World Labs, an AI model and research company. The deal could strengthen AMD’s AI capabilities and software ecosystem, although investors are weighing the cost. AMD World Labs Acquisition and Valuation
• Neutral Sentiment: AMD has reached a roughly $1 trillion market capitalization following a substantial annual rally. The milestone reinforces investor confidence in its AI opportunity but leaves less room for execution disappointments. AMD Reaches a One Trillion Dollar Market Cap
• Negative Sentiment: AMD has reportedly promised OpenAI and Meta up to 320 million shares for a nominal price under customer-related arrangements. While the commitments could deepen strategic partnerships and future demand, the potential increase in shares outstanding creates meaningful dilution for existing investors. AMD OpenAI and Meta Share Commitments
• Negative Sentiment: Commentary highlights that AMD’s valuation now assumes exceptional AI growth, while Nvidia remains larger, faster-growing and potentially more attractively valued. That valuation gap is encouraging some investors to lock in gains despite bullish long-term forecasts. AMD Versus Nvidia Valuation

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. This trade represents a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 213,838 shares of company stock valued at $105,533,836 over the last ninety days. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMD. Melius Research set a $660.00 price target on Advanced Micro Devices in a research note on Friday, July 24th. Zacks Research cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. William Blair reaffirmed a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Tuesday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target 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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