Cypress Capital Management LLC WY Sells 246 Shares of Advanced Micro Devices, Inc. $AMD

Cypress Capital Management LLC WY reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the second quarter, HoldingsChannel.com reports. The fund owned 6,803 shares of the semiconductor manufacturer’s stock after selling 246 shares during the quarter. Cypress Capital Management LLC WY’s holdings in Advanced Micro Devices were worth $965,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aviva PLC grew its stake in Advanced Micro Devices by 6.6% during the second quarter. Aviva PLC now owns 1,208,749 shares of the semiconductor manufacturer’s stock worth $171,521,000 after purchasing an additional 75,134 shares during the period. Los Angeles Capital Management LLC lifted its stake in Advanced Micro Devices by 3,174.4% in the second quarter. Los Angeles Capital Management LLC now owns 272,590 shares of the semiconductor manufacturer’s stock valued at $38,681,000 after buying an additional 264,265 shares during the period. AGF Management Ltd. bought a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $2,206,000. Summit Investment Advisors Inc. grew its position in shares of Advanced Micro Devices by 2.0% during the 1st quarter. Summit Investment Advisors Inc. now owns 95,961 shares of the semiconductor manufacturer’s stock worth $9,859,000 after buying an additional 1,895 shares during the period. Finally, AE Wealth Management LLC grew its position in shares of Advanced Micro Devices by 3.4% during the 2nd quarter. AE Wealth Management LLC now owns 303,266 shares of the semiconductor manufacturer’s stock worth $43,033,000 after buying an additional 9,892 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Down 1.8%

AMD opened at $233.54 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The company’s 50-day moving average price is $199.34 and its two-hundred day moving average price is $158.35. The stock has a market cap of $379.00 billion, a price-to-earnings ratio of 134.22, a PEG ratio of 2.42 and a beta of 1.93. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMD. Melius Research set a $300.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 6th. Jefferies Financial Group set a $300.00 price target on shares of Advanced Micro Devices and gave the company a “positive” rating in a research note on Monday, October 6th. Raymond James Financial upped their price objective on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Erste Group Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Saturday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $263.26.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. The trade was a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 274,118 shares of company stock worth $46,180,719 in the last three months. Insiders own 0.06% of the company’s stock.

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.