Sumitomo Mitsui Trust Group Inc. Has $807.31 Million Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Advanced Micro Devices, Inc. by 10.2% in Q2, now holding approximately $807.31 million worth of shares, making AMD its 29th largest holding.
• A number of institutional investors, including Cornerstone Advisory and Tritonpoint Wealth, have also raised their stakes in AMD, contributing to institutional ownership of 71.34% of the company's stock.
• Analysts have recently upgraded AMD's target prices significantly, with Mizuho raising its price target to $275.00 while maintaining an "outperform" rating on the stock.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,689,297 shares of the semiconductor manufacturer's stock after buying an additional 524,545 shares during the quarter. Advanced Micro Devices comprises approximately 0.5% of Sumitomo Mitsui Trust Group Inc.'s investment portfolio, making the stock its 29th biggest holding. Sumitomo Mitsui Trust Group Inc. owned about 0.35% of Advanced Micro Devices worth $807,311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Cornerstone Advisory LLC lifted its position in shares of Advanced Micro Devices by 1.4% in the second quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer's stock worth $606,000 after purchasing an additional 57 shares in the last quarter. Tritonpoint Wealth LLC raised its position in shares of Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock valued at $405,000 after purchasing an additional 72 shares during the period. Avion Wealth raised its position in shares of Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 72 shares during the period. Scott & Selber Inc. grew its stake in shares of Advanced Micro Devices by 0.7% in the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock valued at $1,485,000 after acquiring an additional 73 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its stake in Advanced Micro Devices by 1.4% during the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock worth $776,000 after buying an additional 75 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, SVP Ava Hahn sold 2,868 shares of the business's stock in a transaction that occurred on Monday, October 6th. The stock was 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 of the company's stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the business'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 transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent research reports. Mizuho lifted their target price on shares of Advanced Micro Devices from $205.00 to $275.00 and gave the stock an "outperform" rating in a research report on Monday, October 13th. Stifel Nicolaus set a $240.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 6th. Raymond James Financial lifted 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 company a "positive" rating in a report on Monday, October 6th. Finally, Citigroup upped their price target on Advanced Micro Devices from $180.00 to $215.00 and gave the company a "neutral" rating in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $233.94.

Advanced Micro Devices Price Performance

AMD opened at $248.78 on Friday. The stock has a fifty day simple moving average of $180.58 and a two-hundred day simple moving average of $145.45. 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 company has a market cap of $403.73 billion, a price-to-earnings ratio of 143.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $243.68.

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 company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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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