Ipswich Investment Management Co. Inc. Sells 1,711 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Ipswich Investment Management Co. Inc. reduced its stake in Advanced Micro Devices by 26.2%, selling 1,711 shares to hold a total of 4,830 shares worth approximately $685,000.
• Advanced Micro Devices reported earnings per share of $0.48 for the last quarter, missing estimates of $0.54, while its revenue increased by 31.7% year-over-year to $7.69 billion.
• Several research firms have upgraded Advanced Micro Devices, with the average analyst rating being a Moderate Buy and a consensus price target of $180.88.

Ipswich Investment Management Co. Inc. reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 26.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,830 shares of the semiconductor manufacturer's stock after selling 1,711 shares during the period. Ipswich Investment Management Co. Inc.'s holdings in Advanced Micro Devices were worth $685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parisi Gray Wealth Management purchased a new position in Advanced Micro Devices during the second quarter valued at $343,000. Davis Investment Partners LLC purchased a new position in Advanced Micro Devices during the second quarter valued at $736,000. Sivia Capital Partners LLC raised its stake in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after buying an additional 2,970 shares during the period. Fragasso Financial Advisors Inc raised its stake in Advanced Micro Devices by 151.3% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock worth $799,000 after acquiring an additional 3,388 shares during the period. Finally, Modern Wealth Management LLC bought a new stake in Advanced Micro Devices during the first quarter valued at about $644,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 1.1%

NASDAQ AMD opened at $159.46 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The company has a fifty day simple moving average of $165.48 and a two-hundred day simple moving average of $131.27. 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 stock has a market cap of $258.78 billion, a P/E ratio of 91.64, a P/E/G ratio of 1.90 and a beta of 1.92.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 272,448 shares of company stock worth $44,554,848 over the last 90 days. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Jefferies Financial Group raised their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. TD Cowen boosted their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price target on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Wedbush restated a "cautious" rating on shares of Advanced Micro Devices in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $180.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.