United Bank Increases Position in Advanced Micro Devices, Inc. $AMD

Key Points

• United Bank increased its holdings in Advanced Micro Devices, Inc. (AMD) by 22.0% during the 2nd quarter, owning 13,255 shares valued at approximately $1,881,000.
• A number of analysts have set ambitious target prices for AMD, with HSBC raising its target from $185.00 to $310.00 and Bank of America increasing theirs from $250.00 to $300.00.
• CEO Lisa T. Su sold 225,000 shares of AMD stock for over $36 million, reducing her stake by 6.28%, highlighting insider trading activity.

United Bank grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,255 shares of the semiconductor manufacturer's stock after purchasing an additional 2,392 shares during the quarter. United Bank's holdings in Advanced Micro Devices were worth $1,881,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMD. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $958,422,000. Goldman Sachs Group Inc. boosted its position in Advanced Micro Devices by 169.7% during the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after acquiring an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Advanced Micro Devices by 131.5% during 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 acquiring an additional 5,915,185 shares during the last quarter. Nuveen LLC acquired a new stake in Advanced Micro Devices during the first quarter worth approximately $436,746,000. Finally, Parnassus Investments LLC boosted 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 worth $425,592,000 after acquiring an additional 4,133,785 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMD. Melius Research set a $300.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 6th. HSBC raised their target price on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday. Truist Financial restated a "buy" rating and set a $273.00 target price (up previously from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Bank of America increased their price target on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Morgan Stanley increased their price target on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. Three research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.94.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,800 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares of the company's stock, valued at $384,529,181.40. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $233.08 on Friday. The company's fifty day simple moving average is $175.96 and its 200-day simple moving average is $141.47. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $241.20. 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 $378.25 billion, a PE ratio of 133.95, a P/E/G ratio of 2.33 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the prior year, the business posted $0.69 EPS. The business's revenue 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 research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS 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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