Eastern Bank Sells 111,110 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Eastern Bank reduced its stake in Advanced Micro Devices, Inc. (AMD) by 77.9%, selling 111,110 shares in the second quarter, leaving it with 31,504 shares valued at approximately $4.47 million.
• Insider transactions included CEO Lisa T. Su selling 225,000 shares for over $36 million and SVP Ava Hahn selling 2,868 shares, reducing their positions by 6.28% and 24.10%, respectively.
• Advanced Micro Devices recently missed earnings expectations, reporting EPS of $0.48 compared to a consensus estimate of $0.54, although it saw a significant revenue increase of 31.7% year-over-year, totaling $7.69 billion.

Eastern Bank trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 77.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 31,504 shares of the semiconductor manufacturer's stock after selling 111,110 shares during the quarter. Eastern Bank's holdings in Advanced Micro Devices were worth $4,470,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMD. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Advanced Micro Devices by 277.8% during the 1st 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 period. American Capital Advisory LLC raised its holdings in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 208 shares in the last quarter. West Branch Capital LLC raised its holdings in shares of Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 214 shares in the last quarter. Finally, Bear Mountain Capital Inc. raised its holdings in shares of Advanced Micro Devices by 75.0% during the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer's stock worth $34,000 after buying an additional 150 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the company's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% 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 worth $45,203,045. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMD shares. Seaport Res Ptn cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a report on Wednesday, August 6th. Dbs Bank raised Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a report on Monday, October 6th. Benchmark boosted their price target on Advanced Micro Devices from $210.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Finally, Melius Research set a $300.00 price target on Advanced Micro Devices in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $218.25.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $214.76 on Friday. The company has a market capitalization of $348.51 billion, a price-to-earnings ratio of 123.42, a PEG ratio of 2.74 and a beta of 1.90. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $240.10. The stock has a fifty day simple moving average of $170.33 and a 200 day simple moving average of $137.22.

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

Advanced Micro Devices Company 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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