Advanced Micro Devices, Inc. $AMD Shares Sold by Wedmont Private Capital

Key Points

• Wedmont Private Capital reduced its position in Advanced Micro Devices by 13.8%, selling 3,131 shares, leaving it with 19,556 shares valued at approximately $2.7 million.
• Several other institutional investors increased their stakes in AMD, with Brighton Jones LLC notably boosting its stake by 178.2% during the last quarter.
• AMD's stock has received numerous upgrades from analysts, with price targets raised significantly; Benchmark and UBS Group now both set targets at $210.00, contributing to a consensus rating of "Moderate Buy."

Wedmont Private Capital reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,556 shares of the semiconductor manufacturer's stock after selling 3,131 shares during the quarter. Wedmont Private Capital's holdings in Advanced Micro Devices were worth $2,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Advanced Micro Devices by 1.4% in the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock worth $15,654,222,000 after acquiring an additional 2,157,199 shares in the last quarter. Amundi raised its stake in shares of Advanced Micro Devices by 8.0% during the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock valued at $1,677,014,000 after acquiring an additional 1,319,064 shares in the last quarter. Invesco Ltd. raised its stake in shares of Advanced Micro Devices by 4.0% during the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock valued at $1,214,285,000 after acquiring an additional 450,695 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Advanced Micro Devices by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock worth $1,083,815,000 after buying an additional 466,048 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake 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 buying an additional 5,915,185 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Bank of America upped their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Citigroup increased their target price on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Finally, Sanford C. Bernstein upped their price target on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. 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. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Trading Down 0.3%

Advanced Micro Devices stock traded down $0.53 during mid-day trading on Friday, hitting $157.39. The company's stock had a trading volume of 55,344,690 shares, compared to its average volume of 42,108,448. The stock's fifty day moving average is $165.02 and its two-hundred day moving average is $129.33. 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 capitalization of $255.42 billion, a PE ratio of 90.45, a price-to-earnings-growth ratio of 1.85 and a beta of 1.92. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, 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 value of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is owned by insiders.

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.