Reynders McVeigh Capital Management LLC Sells 1,854 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Reynders McVeigh Capital Management reduced its AMD stake by 5.3%. The firm sold 1,854 shares during the second quarter and retained 33,203 shares valued at approximately $19.3 million.
• Insiders have also been selling shares. CEO Lisa Su sold 70,000 shares for about $35.5 million, while insiders sold 196,577 shares worth roughly $96.9 million over the past 90 days under pre-arranged trading plans.
• Analyst sentiment remains broadly positive, but valuation is elevated. AMD has a “Moderate Buy” consensus rating with an average price target of $565.12, while shares recently traded near $504 and the company reported 50.1% year-over-year revenue growth in its latest quarter.

Reynders McVeigh Capital Management LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,203 shares of the semiconductor manufacturer's stock after selling 1,854 shares during the period. Reynders McVeigh Capital Management LLC's holdings in Advanced Micro Devices were worth $19,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices during the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. JNBA Financial Advisors grew its stake in shares of Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 30 shares in the last quarter. Finally, Graney & King LLC acquired a new stake in Advanced Micro Devices in the 1st quarter valued at $31,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares of the company's stock, valued at approximately $1,536,696,660.80. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the transaction, the executive vice president owned 373,317 shares of the company's stock, valued at $171,707,154.15. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 196,577 shares of company stock valued at $96,850,690 over the last 90 days. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Monday, June 15th. Wells Fargo & Company raised their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Barclays downgraded Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research report on Friday, June 12th. Finally, Benchmark lifted their price objective on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $565.12.

Advanced Micro Devices Trading Up 2.2%

Shares of NASDAQ AMD traded up $10.79 during trading on Tuesday, reaching $504.20. The company had a trading volume of 17,087,347 shares, compared to its average volume of 33,552,254. The company's fifty day moving average price is $494.57 and its 200-day moving average price is $407.26. Advanced Micro Devices, Inc. has a 12 month low of $149.85 and a 12 month high of $584.73. The stock has a market cap of $823.09 billion, a P/E ratio of 129.61, a PEG ratio of 5.35 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. During the same period in the prior year, the company posted $0.48 earnings per share. Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Analyst support provided the clearest near-term catalyst. Piper Sandler reiterated its Overweight rating and $600 price target after investor discussions, implying further upside from recent levels. Why is AMD stock gaining today?
• Positive Sentiment: AI infrastructure demand remains a long-term support. Articles argue that a possible slowdown in frontier-model development may not reduce spending on data-center infrastructure, particularly as inference workloads expand. AMD’s Helios rack systems and growing hyperscaler relationships could help it close the gap with Nvidia. Prediction: AMD Could Be Closing the Gap in the AI Chip Race
• Positive Sentiment: AMD expanded its software ecosystem. A collaboration with SiFive demonstrated AMD’s ROCm software running on a RISC-V data-center platform, potentially broadening adoption of AMD-based AI systems and reducing dependence on a single hardware ecosystem. SiFive and AMD Collaborate to Optimize AMD ROCm on RISC-V Datacenter Servers
• Neutral Sentiment: Policy developments eased some sector-wide fears. President Trump rejected calls to slow frontier AI development, supporting the broader investment outlook for Nvidia and AMD. Still, the immediate effect depends on whether hyperscalers maintain their capital-spending plans. Donald Trump Rejects Calls for AI Slowdown
• Negative Sentiment: Valuation and competitive risks remain significant. Commentary notes that AMD has more than doubled over the past year and trades at a demanding earnings multiple, while Nvidia is expected by some analysts to remain ahead through 2028. CEO Lisa Su’s sales of shares under a pre-arranged Rule 10b5-1 plan and Fidelity’s lack of ownership also add caution, although neither necessarily signals a change in AMD’s fundamentals. Nvidia Will Still Beat AMD Through 2028

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.

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