Patten & Patten Inc. TN Sells 7,889 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Patten & Patten Inc. TN has sold 7,889 shares of Advanced Micro Devices (AMD), reducing its stake by 14.7% to 45,720 shares, valued at $6.49 million.
• Analysts have raised price targets for AMD, with Rosenblatt Securities increasing its target from $200 to $250 and Benchmark from $210 to $270, reflecting strong positive sentiment with a "Moderate Buy" consensus rating.
• Insider selling was significant, with executives selling a total of 257,318 shares worth over $42 million in the last 90 days, indicating possible liquidity concerns or profit-taking within the company.

Patten & Patten Inc. TN lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,720 shares of the semiconductor manufacturer's stock after selling 7,889 shares during the period. Patten & Patten Inc. TN's holdings in Advanced Micro Devices were worth $6,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AMD. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC increased its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Dogwood Wealth Management LLC increased its stake in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 208 shares during the period. West Branch Capital LLC increased its stake in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 214 shares during the period. Finally, Bear Mountain Capital Inc. increased its stake in Advanced Micro Devices by 75.0% during the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 150 shares during the period. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMD shares. Rosenblatt Securities raised their price objective on Advanced Micro Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Stifel Nicolaus set a $240.00 price objective on Advanced Micro Devices in a research note on Monday, October 6th. Benchmark raised their price objective on Advanced Micro Devices from $210.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. Finally, Piper Sandler restated an "overweight" rating and set a $240.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $231.00.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president owned 311,598 shares of the company's stock, valued at $51,416,785.98. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 257,318 shares of company stock worth $42,412,815. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 9.4%

NASDAQ AMD opened at $238.60 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $240.10. The company has a market cap of $387.21 billion, a price-to-earnings ratio of 137.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.90. The business's fifty day moving average is $173.51 and its 200 day moving average is $139.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the business earned $0.69 EPS. The company's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company 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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