Professional Advisory Services Inc. Has $19.30 Million Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Professional Advisory Services Inc. reduced its stake in Advanced Micro Devices, Inc. by 3.0%, now holding 136,001 shares worth approximately $19.3 million, which constitutes about 2.6% of its investment portfolio.
• Advanced Micro Devices has seen significant interest from institutional investors, with 71.34% of the stock owned by such entities, following various increases in positions by multiple hedge funds.
• Despite reporting a missed earnings estimate for the latest quarter, AMD experienced a revenue increase of 31.7% year-over-year, indicating strong underlying growth despite the earnings shortfall.

Professional Advisory Services Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,001 shares of the semiconductor manufacturer's stock after selling 4,160 shares during the quarter. Advanced Micro Devices accounts for 2.6% of Professional Advisory Services Inc.'s portfolio, making the stock its 24th largest holding. Professional Advisory Services Inc.'s holdings in Advanced Micro Devices were worth $19,299,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMD. My Legacy Advisors LLC bought a new position in Advanced Micro Devices during the second quarter worth about $443,000. Essex Savings Bank lifted its stake in shares of Advanced Micro Devices by 4.7% in the 2nd quarter. Essex Savings Bank now owns 4,591 shares of the semiconductor manufacturer's stock valued at $651,000 after acquiring an additional 205 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 0.7% in the second quarter. SeaCrest Wealth Management LLC now owns 19,727 shares of the semiconductor manufacturer's stock valued at $2,799,000 after buying an additional 135 shares during the period. Diversified Trust Co grew its stake in shares of Advanced Micro Devices by 201.5% in the 2nd quarter. Diversified Trust Co now owns 22,361 shares of the semiconductor manufacturer's stock valued at $3,173,000 after buying an additional 14,945 shares during the period. Finally, Perpetual Ltd bought a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $249,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMD. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a report on Monday, June 23rd. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Truist Financial raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and lifted their price target for the stock from $173.00 to $213.00 in a report on Tuesday, August 26th. Mizuho upped their price objective on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Finally, Stifel Nicolaus upped their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer 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 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Trading Down 0.3%

Advanced Micro Devices stock traded down $0.53 during trading hours on Friday, reaching $157.39. 55,344,690 shares of the company's stock traded hands, compared to its average volume of 42,680,920. The firm has a market capitalization of $255.42 billion, a price-to-earnings ratio of 58.51, a PEG ratio of 1.85 and a beta of 1.92. The firm's 50 day moving average is $165.02 and its 200-day moving average is $129.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) 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 business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the business earned $0.69 EPS. The company'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, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.