PKO Investment Management Joint Stock Co Reduces Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• PKO Investment Management reduced its stake in Advanced Micro Devices by 44.6% in the second quarter, now holding about 65,000 shares valued at approximately $9.22 million.
• Several other institutional investors, including Farmers & Merchants Trust Co and Dogwood Wealth Management, significantly increased their holdings in Advanced Micro Devices, with some positions lifted by over 2,300%.
• Wall Street analysts have raised their price targets for Advanced Micro Devices, with recommendations ranging from $200 to $300 and an average target price of $233.94 indicating a general optimism about the stock's future.

PKO Investment Management Joint Stock Co trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the semiconductor manufacturer's stock after selling 52,315 shares during the period. Advanced Micro Devices accounts for about 1.0% of PKO Investment Management Joint Stock Co's investment portfolio, making the stock its 27th biggest holding. PKO Investment Management Joint Stock Co's holdings in Advanced Micro Devices were worth $9,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC lifted its position in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the period. Dogwood Wealth Management LLC lifted its position 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 valued at $30,000 after acquiring an additional 208 shares during the period. Avion Wealth lifted its position in Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 72 shares during the period. Finally, West Branch Capital LLC lifted its position 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 valued at $31,000 after acquiring an additional 214 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Advanced Micro Devices from $200.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Wedbush lifted their target price on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the stock an "outperform" rating in a report on Wednesday, October 15th. Finally, Susquehanna lifted their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $233.94.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the transaction, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,118 shares of company stock valued at $46,180,719 over the last quarter. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $252.92 on Friday. The firm has a 50 day moving average of $182.09 and a 200 day moving average of $146.65. 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 firm has a market capitalization of $410.45 billion, a price-to-earnings ratio of 145.36, a price-to-earnings-growth ratio of 2.15 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $253.39.

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 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 analysts' expectations of $7.41 billion. During the same period in the prior year, the firm earned $0.69 EPS. Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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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