EFG International AG Sells 9,461 Shares of Advanced Micro Devices, Inc. $AMD

EFG International AG lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 84,631 shares of the semiconductor manufacturer's stock after selling 9,461 shares during the quarter. Advanced Micro Devices accounts for 0.9% of EFG International AG's portfolio, making the stock its 26th biggest holding. EFG International AG's holdings in Advanced Micro Devices were worth $49,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $27,000. Basepoint Wealth LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Graney & King LLC bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $31,000. Finally, Main Street Group LTD purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $33,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMD. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Morgan Stanley upped their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 5th. Oppenheimer cut Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a report on Wednesday, May 6th. UBS Group reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, Seaport Research Partners raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 price target for the company in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $553.72.

Advanced Micro Devices Stock Down 2.3%

Shares of AMD stock opened at $465.58 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The company's fifty day moving average price is $505.66 and its 200-day moving average price is $384.43. The company has a market capitalization of $760.05 billion, a price-to-earnings ratio of 119.69 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. Advanced Micro Devices's quarterly revenue was up 50.1% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 17,261 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the completion of the sale, the executive vice president owned 373,317 shares in the company, valued at approximately $171,707,154.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This trade represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 241,203 shares of company stock valued at $114,011,942. Insiders own 0.50% of the company's stock.

More Advanced Micro Devices News

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

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

Advanced Micro Devices Company 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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