RFG Advisory LLC Sells 5,911 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• RFG Advisory LLC has reduced its stake in Advanced Micro Devices, Inc. by 51.8%, selling 5,911 shares and now holding a total of 5,507 shares valued at approximately $781,000.
• Insider selling activity includes Paul Darren Grasby and Mark D. Papermaster who sold 10,000 and 16,800 shares respectively, indicating a decrease in their positions.
• Advanced Micro Devices’ stock has seen significant analyst attention, with price targets ranging from $200 to $300 as multiple brokerages have upgraded their ratings.

RFG Advisory LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 51.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,507 shares of the semiconductor manufacturer's stock after selling 5,911 shares during the quarter. RFG Advisory LLC's holdings in Advanced Micro Devices were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Naviter Wealth LLC boosted its position in shares of Advanced Micro Devices by 2.1% in the 2nd quarter. Naviter Wealth LLC now owns 17,885 shares of the semiconductor manufacturer's stock worth $2,538,000 after purchasing an additional 363 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 32.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 28,982 shares of the semiconductor manufacturer's stock worth $4,113,000 after purchasing an additional 7,095 shares in the last quarter. Moran Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 28.1% in the 2nd quarter. Moran Wealth Management LLC now owns 17,569 shares of the semiconductor manufacturer's stock worth $2,493,000 after purchasing an additional 3,852 shares in the last quarter. Jag Capital Management LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $11,880,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $269,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were 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 owned 125,505 shares of the company's stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,800 shares of the business's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president directly owned 1,714,505 shares of the company's stock, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 274,118 shares of company stock worth $46,180,719. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $233.08 on Friday. The firm has a market cap of $378.25 billion, a PE ratio of 133.95, a P/E/G ratio of 2.33 and a beta of 1.90. 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 fifty day simple moving average of $175.96 and a two-hundred day simple moving average of $141.47. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $241.20.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMD. Raymond James Financial boosted their price objective on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Jefferies Financial Group set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock a "positive" rating in a report on Monday, October 6th. Wedbush boosted their price objective on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the stock an "outperform" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on shares of Advanced Micro Devices and gave the stock a "hold" rating in a report on Tuesday. Finally, Melius Research set a $300.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $233.94.

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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