Advanced Micro Devices, Inc. $AMD Shares Sold by Watts Gwilliam & Co. LLC

Key Points

• Watts Gwilliam & Co. LLC reduced its position in Advanced Micro Devices, Inc. (AMD) by 39.2%, holding 11,716 shares valued at $1.2 million after selling 7,563 shares in the first quarter.
• Advanced Micro Devices reported earnings of $0.48 per share for the last quarter, missing the expected $0.54 but exceeding revenue expectations with $7.69 billion in revenue.
• The company's Board of Directors initiated a $6.00 billion share buyback program, indicating a belief that the stock is undervalued.

Watts Gwilliam & Co. LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 39.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,716 shares of the semiconductor manufacturer's stock after selling 7,563 shares during the quarter. Watts Gwilliam & Co. LLC's holdings in Advanced Micro Devices were worth $1,204,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMD. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC lifted its position in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. lifted its position in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $30,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of several analyst reports. Mizuho upped their target price on Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. HSBC upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a research note on Thursday, July 10th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a research note on Thursday, July 10th. Finally, Piper Sandler upped their price target on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $180.12.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $4.2560 on Friday, reaching $167.9660. 30,987,015 shares of the company were exchanged, compared to its average volume of 46,880,008. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. 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 cap of $272.58 billion, a price-to-earnings ratio of 96.45, a P/E/G ratio of 1.95 and a beta of 1.94. The company's 50-day moving average is $154.45 and its two-hundred day moving average is $121.67.

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 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 analyst estimates of $7.41 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

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.