Mitchell Mcleod Pugh & Williams Inc. Decreases Holdings in Advanced Micro Devices, Inc. $AMD

Mitchell Mcleod Pugh & Williams Inc. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,170 shares of the semiconductor manufacturer’s stock after selling 400 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Advanced Micro Devices were worth $876,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC purchased a new stake in Advanced Micro Devices during the second quarter worth about $958,422,000. Goldman Sachs Group Inc. increased its holdings in Advanced Micro Devices by 169.7% during the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock worth $1,012,538,000 after buying an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Advanced Micro Devices by 131.5% during 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 purchasing an additional 5,915,185 shares during the period. Nuveen LLC bought a new position in Advanced Micro Devices during the first quarter worth about $436,746,000. Finally, Parnassus Investments LLC boosted its position in Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after purchasing an additional 4,133,785 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMD shares. Hsbc Global Res upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Roth Capital set a $250.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research report on Monday, October 6th. Morgan Stanley increased their target price on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Evercore ISI increased their target price on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, UBS Group increased their target price on shares of Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.97.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,318 shares of company stock valued at $42,412,815. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $218.09 on Wednesday. The firm has a 50 day moving average of $172.00 and a 200-day moving average of $138.97. The firm has a market capitalization of $353.93 billion, a P/E ratio of 125.34, a price-to-earnings-growth ratio of 2.54 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $240.10.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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 company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.