Freedom Investment Management Inc. Sells 861 Shares of Advanced Micro Devices, Inc. $AMD

Freedom Investment Management Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,490 shares of the semiconductor manufacturer’s stock after selling 861 shares during the period. Freedom Investment Management Inc.’s holdings in Advanced Micro Devices were worth $1,063,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC grew its holdings in Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 130 shares during the period. Dogwood Wealth Management LLC grew its holdings in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares during the period. West Branch Capital LLC grew its holdings in shares of Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 214 shares during the last quarter. Finally, Bear Mountain Capital Inc. grew its holdings in shares of Advanced Micro Devices by 75.0% during the first quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 150 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Advanced Micro Devices from $200.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. KGI Securities set a $260.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, October 13th. Mizuho raised their price objective on shares of Advanced Micro Devices from $205.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Truist Financial reaffirmed a “buy” rating and set a $273.00 target price (up from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus set a $240.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 6th. Three 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.94.

Advanced Micro Devices Trading Up 2.1%

NASDAQ:AMD opened at $234.99 on Friday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $242.88. 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 firm has a market cap of $381.35 billion, a P/E ratio of 135.05, a P/E/G ratio of 2.10 and a beta of 1.90. The firm has a 50-day simple moving average of $180.58 and a 200-day simple moving average of $145.45.

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

Insider Activity

In related news, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were 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. The trade was a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,118 shares of company stock worth $46,180,719 over the last 90 days. 0.06% of the stock is currently owned by insiders.

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.