Bernard Wealth Management Corp. Sells 2,852 Shares of Advanced Micro Devices, Inc. $AMD

Bernard Wealth Management Corp. lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 64.9% during the second quarter, Holdings Channel reports. The firm owned 1,545 shares of the semiconductor manufacturer’s stock after selling 2,852 shares during the period. Bernard Wealth Management Corp.’s holdings in Advanced Micro Devices were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. SLT Holdings LLC increased its position in shares of Advanced Micro Devices by 4.3% in the second quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer’s stock worth $306,000 after purchasing an additional 88 shares during the period. KFA Private Wealth Group LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth $269,000. Drucker Wealth 3.0 LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth $331,000. Aberdeen Group plc increased its position in shares of Advanced Micro Devices by 6.4% in the second quarter. Aberdeen Group plc now owns 1,486,699 shares of the semiconductor manufacturer’s stock worth $213,535,000 after purchasing an additional 89,576 shares during the period. Finally, Zullo Investment Group Inc. increased its position in shares of Advanced Micro Devices by 3.4% in the second quarter. Zullo Investment Group Inc. now owns 11,288 shares of the semiconductor manufacturer’s stock worth $1,602,000 after purchasing an additional 370 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,316 shares of company stock worth $45,203,045 over the last quarter. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMD. UBS Group raised their price target on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $200.00 target price on Advanced Micro Devices in a research report on Wednesday, August 6th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 target price on shares of Advanced Micro Devices in a research report on Tuesday. Barclays lifted their target price on Advanced Micro Devices from $200.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $218.25.

Advanced Micro Devices Stock Down 7.8%

NASDAQ:AMD opened at $214.76 on Friday. The firm’s 50 day simple moving average is $170.33 and its 200 day simple moving average is $137.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $240.10. The company has a market cap of $348.51 billion, a PE ratio of 123.42, a P/E/G ratio of 2.74 and a beta of 1.90.

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

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.