TOWER TRUST & INVESTMENT Co Acquires 2,934 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• TOWER TRUST & INVESTMENT Co increased its holdings in Advanced Micro Devices, Inc. (AMD) by 56% during the second quarter, now owning a total of 8,174 shares valued at approximately $1.16 million.
• Several major investors made significant moves, including Goldman Sachs and T. Rowe Price, with a large portion of AMD's stock (71.34%) now held by institutional investors.
• Analysts have raised their target prices on AMD, with estimates ranging from $180.88 to $200.00, indicating a consensus of a "Moderate Buy" rating for the stock.

TOWER TRUST & INVESTMENT Co raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 56.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,174 shares of the semiconductor manufacturer's stock after acquiring an additional 2,934 shares during the quarter. Advanced Micro Devices makes up about 0.8% of TOWER TRUST & INVESTMENT Co's investment portfolio, making the stock its 25th biggest position. TOWER TRUST & INVESTMENT Co's holdings in Advanced Micro Devices were worth $1,160,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMD. Kingstone Capital Partners Texas LLC bought a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $958,422,000. Goldman Sachs Group Inc. grew its holdings in shares of Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Advanced Micro Devices by 131.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock worth $1,069,846,000 after purchasing an additional 5,915,185 shares during the last quarter. Nuveen LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC lifted its position in Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after purchasing an additional 4,133,785 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. TD Cowen upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Bank of America boosted their price objective on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Jefferies Financial Group increased their price target on Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Finally, Barclays increased their price target on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $180.88.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 272,448 shares of company stock worth $44,554,848 over the last three months. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 1.1%

Shares of NASDAQ AMD opened at $159.46 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a market capitalization of $258.78 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 1.90 and a beta of 1.92. The stock has a 50 day moving average price of $165.48 and a 200 day moving average price of $131.27. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-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 analysts' consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion during 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%. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current 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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