Old North State Trust LLC Acquires Shares of 5,871 Advanced Micro Devices, Inc. $AMD

Key Points

• Old North State Trust LLC acquired 5,871 AMD shares worth approximately $3.41 million in the second quarter, making AMD its 10th-largest holding and representing about 1.8% of its portfolio. Institutional investors collectively own 71.34% of AMD.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year to $11.54 billion and earnings of $1.66 per share, beating estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $553.72.
• Investor sentiment remains mixed: AI and data-center demand, along with AMD’s Nutanix partnership, support growth prospects, while potential semiconductor tariffs, profit-taking and insider sales could pressure the stock.

Old North State Trust LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,871 shares of the semiconductor manufacturer's stock, valued at approximately $3,411,000. Advanced Micro Devices makes up about 1.8% of Old North State Trust LLC's portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also modified their holdings of AMD. First National Bank of Hutchinson grew its stake in Advanced Micro Devices by 0.4% in the second quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock worth $3,276,000 after purchasing an additional 22 shares in the last quarter. Park Place Capital Corp increased its holdings in Advanced Micro Devices by 19.5% during the 2nd quarter. Park Place Capital Corp now owns 141 shares of the semiconductor manufacturer's stock worth $82,000 after purchasing an additional 23 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Advanced Micro Devices by 12.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer's stock valued at $43,000 after purchasing an additional 24 shares in the last quarter. Trust Co of the South raised its position in Advanced Micro Devices by 1.5% during the 2nd quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer's stock valued at $1,014,000 after purchasing an additional 25 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 9.4% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer's stock worth $169,000 after buying an additional 25 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Advanced Micro Devices

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMD. Susquehanna increased their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. DA Davidson upped their price objective on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. Evercore reiterated an "outperform" rating and set a $579.00 target price on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Finally, Citigroup raised shares of Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $553.72.

Advanced Micro Devices Stock Performance

AMD opened at $465.58 on Monday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market cap of $760.05 billion, a price-to-earnings ratio of 119.69 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The stock has a fifty day moving average price of $505.66 and a 200-day moving average price of $385.61.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the company earned $0.48 earnings per share. The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the completion of the transaction, the chief executive officer directly owned 3,102,156 shares in the company, valued at approximately $1,491,950,906.64. The trade was a 0.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 241,203 shares of company stock valued at $114,011,942. 0.50% of the stock is currently owned by corporate insiders.

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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