Johnson Financial Group Inc. Sells 2,583 Shares of Advanced Micro Devices, Inc. $AMD

Johnson Financial Group Inc. cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 66.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,323 shares of the semiconductor manufacturer’s stock after selling 2,583 shares during the quarter. Johnson Financial Group Inc.’s holdings in Advanced Micro Devices were worth $769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tocqueville Asset Management L.P. raised its stake in Advanced Micro Devices by 501.5% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 9,798 shares of the semiconductor manufacturer’s stock worth $5,692,000 after buying an additional 8,169 shares during the period. Kelman Lazarov Inc. acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $548,000. Consilio Wealth Advisors LLC grew its stake in Advanced Micro Devices by 2.5% in the second quarter. Consilio Wealth Advisors LLC now owns 2,031 shares of the semiconductor manufacturer’s stock valued at $1,180,000 after acquiring an additional 49 shares during the period. one8zero8 LLC bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $290,000. Finally, DeLarme Wealth Management Inc. bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $462,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of recent research reports. Robert W. Baird set a $1,250.00 target price on Advanced Micro Devices in a report on Friday, July 24th. Truist Financial upped their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating and issued a $579.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, May 19th. BMO Capital Markets began coverage on shares of Advanced Micro Devices in a research note on Thursday. They issued an “outperform” rating and a $550.00 price objective on the stock. Finally, Roth Capital lifted their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $546.95.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $473.25 on Monday. The company has a market capitalization of $772.57 billion, a P/E ratio of 121.66 and a beta of 2.48. The stock has a fifty day simple moving average of $511.40 and a 200 day simple moving average of $376.46. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business’s revenue was up 50.1% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

Insiders Place Their Bets

In other news, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director owned 87,173 shares in the company, valued at $45,504,306. The trade was a 9.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 210,763 shares of company stock worth $99,912,107 in the last ninety days. 0.50% of the stock is owned by corporate insiders.

About Advanced Micro Devices

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.