Equitable Trust Co. Trims Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Equitable Trust Co. decreased its holdings in Advanced Micro Devices, Inc. by 41.1%, now owning 3,478 shares valued at approximately $494,000 as of the latest SEC filing.
• Several institutional investors, including Vanguard Group Inc. and T. Rowe Price Investment Management Inc., have increased their stakes in the company significantly, indicating strong investor interest in NASDAQ:AMD.
• Advanced Micro Devices reported a net margin of 9.57% and a quarterly revenue increase of 31.7% year-over-year, although it missed EPS estimates with reported earnings of $0.48 per share.

Equitable Trust Co. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 41.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,478 shares of the semiconductor manufacturer's stock after selling 2,425 shares during the period. Equitable Trust Co.'s holdings in Advanced Micro Devices were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.4% in the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock worth $15,654,222,000 after purchasing an additional 2,157,199 shares during the period. Amundi increased its stake in shares of Advanced Micro Devices by 8.0% during the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock valued at $1,677,014,000 after buying an additional 1,319,064 shares during the period. Invesco Ltd. increased its stake in shares of Advanced Micro Devices by 4.0% during the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock valued at $1,214,285,000 after buying an additional 450,695 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Advanced Micro Devices by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock valued at $1,083,815,000 after buying an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after buying an additional 5,915,185 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 9.4%

NASDAQ AMD opened at $238.60 on Thursday. The business has a fifty day moving average price of $173.51 and a 200 day moving average price of $139.66. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $240.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a market cap of $387.21 billion, a P/E ratio of 137.13, a P/E/G ratio of 2.56 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during 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 firm's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. Rosenblatt Securities raised their price target on Advanced Micro Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Evercore ISI lifted their target price on Advanced Micro Devices from $188.00 to $240.00 and gave the company an "outperform" rating in a research note on Tuesday, October 7th. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $185.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Susquehanna lifted their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein lifted their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $231.00.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 257,318 shares of company stock valued at $42,412,815. 0.06% of the stock is owned by company insiders.

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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