Meridian Investment Counsel Inc. Acquires New Shares in Advanced Micro Devices, Inc. $AMD

Key Points

• Meridian Investment Counsel Inc. acquired 1,900 shares of Advanced Micro Devices (AMD), valued at around $270,000, during the 2nd quarter.
• AMD's stock opened at $159.46, with a market cap of $258.78 billion, and a PE ratio of 91.64; its stock performance includes a 12-month high of $186.65.
• Insider activity included the sale of shares by CEO Lisa T. Su and EVP Mark D. Papermaster, with Su selling 225,000 shares for approximately $36.9 million, indicating a decrease in their ownership stakes.

Meridian Investment Counsel Inc. acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,900 shares of the semiconductor manufacturer's stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Brighton Jones LLC grew its position in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after buying an additional 234 shares during the period. Mascagni Wealth Management Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Advanced Micro Devices by 16.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 5,440 shares of the semiconductor manufacturer's stock worth $559,000 after acquiring an additional 766 shares in the last quarter. Finally, First Hawaiian Bank raised its holdings in shares of Advanced Micro Devices by 14.6% during the first quarter. First Hawaiian Bank now owns 4,515 shares of the semiconductor manufacturer's stock worth $464,000 after acquiring an additional 574 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock 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 quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market cap of $258.78 billion, a PE ratio of 91.64, a P/E/G ratio of 1.90 and a beta of 1.92. The business's 50-day moving average price is $165.48 and its two-hundred day moving average price is $131.27.

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

Analyst Ratings Changes

AMD has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Piper Sandler increased their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. UBS Group boosted their price objective on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. TD Cowen upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Evercore ISI increased their target price on Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $180.88.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares in the company, 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. Over the last ninety days, insiders sold 272,448 shares of company stock worth $44,554,848. 0.06% of the stock is owned by insiders.

Advanced Micro Devices 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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