WD Rutherford LLC Sells 2,374 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• WD Rutherford LLC has decreased its holdings in Advanced Micro Devices, Inc. (AMD) by 7.9%, selling 2,374 shares during the second quarter.
• Several Wall Street analysts have raised their price targets for AMD, with Barclays set at $200.00 and JPMorgan Chase & Co. at $180.00, reflecting positive investor sentiment.
• In the last three months, insiders have sold a total of 272,448 shares of AMD worth approximately $44.55 million, indicating notable insider trading activity.

WD Rutherford LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,574 shares of the semiconductor manufacturer's stock after selling 2,374 shares during the quarter. Advanced Micro Devices accounts for about 1.8% of WD Rutherford LLC's investment portfolio, making the stock its 24th largest position. WD Rutherford LLC's holdings in Advanced Micro Devices were worth $3,913,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMD. Sandy Cove Advisors LLC grew its stake in Advanced Micro Devices by 1.4% in the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock worth $776,000 after purchasing an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc grew its stake in Advanced Micro Devices by 3.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock worth $381,000 after purchasing an additional 85 shares in the last quarter. Seaview Investment Managers LLC boosted its position in Advanced Micro Devices by 4.3% during the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after acquiring an additional 93 shares in the last quarter. Tompkins Financial Corp boosted its position in Advanced Micro Devices by 30.3% during the 2nd quarter. Tompkins Financial Corp now owns 417 shares of the semiconductor manufacturer's stock valued at $59,000 after acquiring an additional 97 shares in the last quarter. Finally, Activest Wealth Management boosted its position in Advanced Micro Devices by 9.4% during the 1st quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock valued at $117,000 after acquiring an additional 98 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMD shares. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Barclays raised their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Piper Sandler raised their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, TD Cowen raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $180.88.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $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. In the last three months, insiders have sold 272,448 shares of company stock worth $44,554,848. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 1.1%

AMD stock opened at $159.46 on Friday. The firm has a market cap of $258.78 billion, a PE ratio of 91.64, a PEG ratio of 1.88 and a beta of 1.92. 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's 50 day moving average price is $165.48 and its 200-day moving average price is $131.48. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate 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.

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