Westpac Banking Corp Has $6.24 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Westpac Banking Corp cut its AMD stake by 19.6% in the first quarter, leaving it with 30,673 shares valued at about $6.24 million.
• AMD stock was up 8.1% in the session, and the company’s latest quarterly results beat expectations with $1.37 EPS on $10.25 billion in revenue, both above analyst forecasts.
• Investor sentiment remains supported by AI-related growth, including AMD’s expanded partnership with Microsoft, while analysts generally maintain a Moderate Buy stance with a consensus price target of $468.65.

Westpac Banking Corp trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,673 shares of the semiconductor manufacturer's stock after selling 7,485 shares during the quarter. Westpac Banking Corp's holdings in Advanced Micro Devices were worth $6,240,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares during the period. Sivia Capital Partners LLC lifted its position in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after acquiring an additional 2,970 shares in the last quarter. United Bank lifted its position in Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock valued at $1,881,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock worth $1,310,000 after purchasing an additional 7,228 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 8.1%

Shares of AMD stock opened at $544.43 on Wednesday. The firm's fifty day moving average price is $506.71 and its two-hundred day moving average price is $334.80. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. The firm has a market capitalization of $887.75 billion, a P/E ratio of 178.50, a PEG ratio of 1.46 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company's quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.25 EPS for the current fiscal year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD’s expanded partnership with Microsoft is the biggest near-term driver. Microsoft said it will deploy AMD’s Helios rack-scale AI systems across Azure, which boosts AMD’s credibility in AI infrastructure and signals potential multi-year revenue from cloud data centers. Article Title
• Positive Sentiment: Investors are also positioning ahead of AMD’s upcoming Advancing AI 2026 event, where the company is expected to unveil new AI products, customer wins, and roadmap details that could further strengthen the bull case. Article Title
• Positive Sentiment: Several analysts raised price targets or reiterated constructive views on AMD, pointing to stronger AI demand, better chip outlooks, and expanding hyperscaler deals. Article Title
• Positive Sentiment: Broader semiconductor strength is also helping sentiment, with chip stocks rebounding across the sector and AMD participating in the rally alongside peers like Micron and Intel. Article Title
• Neutral Sentiment: Some commentary notes that AMD’s valuation is already elevated, so the stock may need continued execution and additional AI wins to justify further upside. Article Title
• Negative Sentiment: A few articles highlight risk that insider selling and a premium valuation could cap gains if the AI rollout disappoints or momentum cools. Article Title

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 6,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the sale, the executive vice president owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 341,630 shares of company stock valued at $152,147,456 in the last ninety days. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. William Blair started coverage on Advanced Micro Devices in a report on Thursday, July 9th. They set a "market perform" rating for the company. Citigroup lowered Advanced Micro Devices from a "buy" rating to a "market perform" rating in a report on Friday, June 12th. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $505.00 to $615.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Advanced Micro Devices from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein set a $600.00 target price on Advanced Micro Devices and gave the company an "outperform" rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $468.65.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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