USA Financial Formulas Sells 2,511 Shares of Advanced Micro Devices, Inc. $AMD

USA Financial Formulas lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,627 shares of the semiconductor manufacturer’s stock after selling 2,511 shares during the quarter. USA Financial Formulas’ holdings in Advanced Micro Devices were worth $941,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AMD. First National Bank of Hutchinson increased its stake in Advanced Micro Devices by 0.4% in the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock worth $3,276,000 after acquiring an additional 22 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Advanced Micro Devices by 12.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock worth $43,000 after purchasing an additional 24 shares in the last quarter. Trust Co of the South grew its holdings in shares of Advanced Micro Devices by 1.5% during the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock worth $1,014,000 after purchasing an additional 25 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in shares of Advanced Micro Devices by 9.4% in the second quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock worth $169,000 after purchasing an additional 25 shares during the last quarter. Finally, Veery Capital LLC raised its stake in Advanced Micro Devices by 1.0% in the second quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer’s stock valued at $1,622,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD priced a record $4.75 billion senior-notes offering in four tranches maturing from 2029 through 2036. Management plans to use the capital for general corporate purposes, including expanding its AI and data-center businesses. The offering gives AMD additional financial flexibility without issuing shares, although it will increase interest expense. AMD Rises on $4.75 Billion Debt Offering
• Positive Sentiment: Analysts continue to see upside based on accelerating demand for AMD’s AI data-center processors, record data-center revenue, and potential growth in server CPUs. Reported analyst price targets reach as high as $700, supporting the bullish case despite the stock’s large year-to-date advance. AMD Stock Is Up 136% YTD. Why Wall Street Still Sees More Upside
• Positive Sentiment: A quarterly SEC filing disclosed sizable equity stakes in SpaceX and Nutanix. The investments broaden AMD’s strategic exposure to space technology and enterprise infrastructure, though the filing did not establish a direct near-term revenue impact. AMD Filing Reveals Unexpected SpaceX and Nutanix Bet

Advanced Micro Devices Price Performance

AMD opened at $506.00 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The stock has a market capitalization of $826.03 billion, a PE ratio of 130.08 and a beta of 2.48. The stock’s 50 day moving average price is $512.08 and its 200-day moving average price is $370.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. Stifel Nicolaus upped their target price on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Susquehanna lifted their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a “positive” rating in a research note on Thursday, July 30th. Citigroup upgraded Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Barclays lowered Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research report on Friday, June 12th. Finally, Bank of America raised their price objective on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $546.87.

Insider Buying and Selling

In other Advanced Micro Devices news, SVP Ava Hahn sold 143 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $474.75, for a total value of $67,889.25. Following the sale, the senior vice president owned 17,644 shares in the company, valued at approximately $8,376,489. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This represents a 5.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 161,077 shares of company stock worth $74,732,145 over the last quarter. Company insiders own 0.50% of the company’s stock.

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.