Advanced Micro Devices, Inc. $AMD Shares Sold by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC has cut its stake in Advanced Micro Devices, Inc. by 43.3%, reducing its shares to 4,145, valued at approximately $588,000.
• Several institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, have increased their positions in AMD, with Brighton Jones raising its stake by 178.2%.
• Despite a missed earnings forecast in its most recent quarter, Advanced Micro Devices reported a year-over-year revenue increase of 31.7%, bringing in $7.69 billion.

Pallas Capital Advisors LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 43.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,145 shares of the semiconductor manufacturer's stock after selling 3,164 shares during the period. Pallas Capital Advisors LLC's holdings in Advanced Micro Devices were worth $588,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Parisi Gray Wealth Management purchased a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $343,000. Davis Investment Partners LLC bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $736,000. Fragasso Financial Advisors Inc raised its holdings in shares of Advanced Micro Devices by 151.3% in the second quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock valued at $799,000 after acquiring an additional 3,388 shares in the last quarter. Modern Wealth Management LLC bought a new stake in shares of Advanced Micro Devices in the first quarter valued at about $644,000. Finally, Sage Capital Advisors llc raised its holdings in shares of Advanced Micro Devices by 459.9% in the second quarter. Sage Capital Advisors llc now owns 36,774 shares of the semiconductor manufacturer's stock valued at $5,218,000 after acquiring an additional 30,206 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 270,198 shares of company stock worth $44,183,576. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

AMD stock traded up $1.86 during mid-day trading on Tuesday, reaching $161.65. 11,577,328 shares of the company's stock were exchanged, compared to its average volume of 46,547,527. The company has a market cap of $262.33 billion, a price-to-earnings ratio of 92.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.92. The stock's 50 day moving average is $165.29 and its 200 day moving average is $129.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65.

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

Analyst Upgrades and Downgrades

AMD has been the subject of several recent research reports. HSBC reduced their price target on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price on the stock in a research note on Thursday, August 7th. Seaport Res Ptn downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Finally, Truist Financial upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and boosted their target price for the stock from $173.00 to $213.00 in a research note on Tuesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus 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.