RNC Capital Management LLC Decreases Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• RNC Capital Management LLC reduced its stake in Advanced Micro Devices (AMD) by 71.3% in Q1, after selling over 31,000 shares, now holding 12,495 shares valued at $1.28 million.
• AMD's stock is down 6.6%, with a current price of $151.14, while the company's market cap stands at $245.28 billion.
• AMD reported $0.48 EPS for its recent quarter, missing expectations, but its revenue of $7.69 billion surpassed estimates, reflecting a 31.7% year-over-year increase.

RNC Capital Management LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 71.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,495 shares of the semiconductor manufacturer's stock after selling 31,109 shares during the period. RNC Capital Management LLC's holdings in Advanced Micro Devices were worth $1,284,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AMD. Toronto Dominion Bank grew its holdings in Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares in the last quarter. Valicenti Advisory Services Inc. grew its stake in shares of Advanced Micro Devices by 4.0% in the 1st quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock valued at $7,893,000 after buying an additional 2,944 shares during the period. Sound Income Strategies LLC increased its position in Advanced Micro Devices by 17.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,728 shares of the semiconductor manufacturer's stock valued at $178,000 after buying an additional 253 shares in the last quarter. Finally, Brighton Jones LLC increased its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 2.4%

Advanced Micro Devices stock traded up $3.72 during midday trading on Wednesday, hitting $159.54. 52,262,769 shares of the stock were exchanged, compared to its average volume of 46,609,404. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The business's 50-day moving average price is $161.95 and its 200-day moving average price is $126.19. The stock has a market capitalization of $258.91 billion, a price-to-earnings ratio of 57.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the business earned $0.69 EPS. Advanced Micro Devices's quarterly revenue 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 expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,998 shares of company stock valued at $41,415,580. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AMD shares. DZ Bank raised Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective for the company in a research note on Thursday, August 7th. Raymond James Financial increased their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. HSBC decreased their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Finally, Citigroup raised their price target on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $180.88.

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.