Whittier Trust Co. Trims Stock Position in Advanced Micro Devices, Inc. $AMD

Whittier Trust Co. reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 21,203 shares of the semiconductor manufacturer’s stock after selling 1,556 shares during the quarter. Whittier Trust Co.’s holdings in Advanced Micro Devices were worth $3,009,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMD. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC grew its position in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 130 shares during the period. Dogwood Wealth Management LLC grew its position in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares during the period. West Branch Capital LLC grew its position in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares during the period. Finally, Bear Mountain Capital Inc. grew its position in shares of Advanced Micro Devices by 75.0% in the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 150 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

AMD opened at $230.23 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market capitalization of $373.63 billion, a P/E ratio of 132.32, a P/E/G ratio of 2.18 and a beta of 1.90. The company’s 50-day simple moving average is $179.50 and its two-hundred day simple moving average is $144.41. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $242.88.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results 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). The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. TD Cowen upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wolfe Research set a $300.00 target price on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Benchmark upped their target price on shares of Advanced Micro Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the stock a “hold” rating in a research report on Tuesday, October 14th. Finally, Sanford C. Bernstein upped their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $233.94.

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.