Trust Co. of Toledo NA OH Raises Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Trust Co. of Toledo NA OH increased its stake in Advanced Micro Devices (AMD) by 3.9% during Q2, owning a total of 33,713 shares valued at approximately $4.78 million.
• Insider activity included sales from EVP Forrest Eugene Norrod and SVP Ava Hahn, who sold 17,200 and 2,868 shares respectively, indicating a decrease in their positions after significant transactions.
• Analysts have varied opinions on AMD, with Barclays raising the target price to $300 and a consensus rating of "Moderate Buy" across multiple analysts, reflecting positive market sentiment despite recent insider sales.

Trust Co. of Toledo NA OH grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,713 shares of the semiconductor manufacturer's stock after purchasing an additional 1,253 shares during the period. Trust Co. of Toledo NA OH's holdings in Advanced Micro Devices were worth $4,784,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC increased its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares during the period. GAMMA Investing LLC increased its holdings in Advanced Micro Devices by 18.7% during the 1st quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer's stock worth $2,009,000 after purchasing an additional 3,084 shares during the period. Capital Advisors Ltd. LLC increased its holdings in Advanced Micro Devices by 17.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,757 shares of the semiconductor manufacturer's stock worth $181,000 after purchasing an additional 255 shares during the period. Finally, Simon Quick Advisors LLC increased its holdings in Advanced Micro Devices by 39.4% during the 1st quarter. Simon Quick Advisors LLC now owns 8,201 shares of the semiconductor manufacturer's stock worth $843,000 after purchasing an additional 2,316 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,316 shares of company stock worth $45,203,045. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMD shares. Barclays upped their target price on shares of Advanced Micro Devices from $200.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday. Bank of America increased their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Erste Group Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Dbs Bank upgraded Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a report on Monday, October 6th. Finally, Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the company a "buy" rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $218.25.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $214.76 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $240.10. 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 market cap of $348.51 billion, a PE ratio of 123.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.90. The company's 50 day simple moving average is $170.33 and its 200-day simple moving average is $137.22.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (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 business had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The company's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.