Advanced Micro Devices, Inc. $AMD Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,431 shares of the semiconductor manufacturer’s stock after selling 4,935 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Advanced Micro Devices were worth $13,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Oregon Public Employees Retirement Fund grew its holdings in shares of Advanced Micro Devices by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 140,236 shares of the semiconductor manufacturer’s stock worth $19,899,000 after purchasing an additional 1,000 shares during the period. Concord Wealth Partners raised its holdings in Advanced Micro Devices by 108.0% in the 2nd quarter. Concord Wealth Partners now owns 859 shares of the semiconductor manufacturer’s stock valued at $122,000 after buying an additional 446 shares during the period. Vest Financial LLC lifted its position in Advanced Micro Devices by 39.3% in the second quarter. Vest Financial LLC now owns 21,311 shares of the semiconductor manufacturer’s stock valued at $3,024,000 after buying an additional 6,010 shares during the last quarter. MGO One Seven LLC lifted its position in Advanced Micro Devices by 29.4% in the second quarter. MGO One Seven LLC now owns 18,340 shares of the semiconductor manufacturer’s stock valued at $2,602,000 after buying an additional 4,169 shares during the last quarter. Finally, Welch Group LLC increased its position in shares of Advanced Micro Devices by 11.9% during the second quarter. Welch Group LLC now owns 70,087 shares of the semiconductor manufacturer’s stock valued at $9,945,000 after acquiring an additional 7,471 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.7%

AMD opened at $216.42 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $240.10. The stock has a market capitalization of $351.22 billion, a price-to-earnings ratio of 124.38, a PEG ratio of 2.52 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The business has a fifty day moving average price of $171.12 and a 200 day moving average price of $138.42.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 225,000 shares of the business’s 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 transaction, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,318 shares of company stock worth $42,412,815 in the last ninety days. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $185.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Hsbc Global Res upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Barclays increased their target price on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.64.

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.