Advanced Micro Devices, Inc. $AMD Shares Sold by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments LLC has reduced its holdings in Advanced Micro Devices, Inc. by 32.4%, selling 285,800 shares and holding 595,989 shares at quarter-end.
• Advanced Micro Devices has reported a net margin of 9.57% and a revenue growth of 31.7% year-over-year, with a recent earnings per share (EPS) of $0.48, which was below analysts' expectations.
• Institutional investors own 71.34% of Advanced Micro Devices, and various analysts have given the stock an average rating of "Moderate Buy" with a price target of approximately $180.88.

Zevenbergen Capital Investments LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 32.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 595,989 shares of the semiconductor manufacturer's stock after selling 285,800 shares during the period. Advanced Micro Devices makes up about 1.6% of Zevenbergen Capital Investments LLC's portfolio, making the stock its 19th biggest holding. Zevenbergen Capital Investments LLC's holdings in Advanced Micro Devices were worth $84,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC raised its stake in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. raised its stake in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Investors Research Corp raised its stake in Advanced Micro Devices by 117.9% in the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 1.9%

NASDAQ AMD traded up $2.90 on Friday, reaching $158.57. The stock had a trading volume of 42,160,927 shares, compared to its average volume of 42,477,336. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The stock has a fifty day moving average price of $163.13 and a two-hundred day moving average price of $127.47. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $257.33 billion, a price-to-earnings ratio of 91.13, a P/E/G ratio of 1.87 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the prior year, the company posted $0.69 EPS. 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, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Susquehanna raised their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. TD Cowen lifted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and lifted their price objective for the stock from $110.00 to $175.00 in a report on Monday, June 23rd. Finally, Mizuho lifted their price objective on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares of the company's stock, 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. Insiders sold a total of 270,198 shares of company stock worth $44,183,576 over the last ninety days. Insiders own 0.06% of the company's stock.

Advanced Micro Devices 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.