West Michigan Advisors LLC Lowers Position in Advanced Micro Devices, Inc. $AMD

West Michigan Advisors LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,042 shares of the semiconductor manufacturer’s stock after selling 124 shares during the quarter. West Michigan Advisors LLC’s holdings in Advanced Micro Devices were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Cornerstone Advisory LLC raised its holdings in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock worth $606,000 after purchasing an additional 57 shares during the period. Tritonpoint Wealth LLC grew its stake in shares of Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after buying an additional 72 shares in the last quarter. Avion Wealth grew its stake in Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. Scott & Selber Inc. grew its stake in Advanced Micro Devices by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock valued at $1,485,000 after purchasing an additional 73 shares in the last quarter. Finally, Sandy Cove Advisors LLC grew its stake in Advanced Micro Devices by 1.4% during the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock valued at $776,000 after purchasing an additional 75 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total value of $3,767,904.00. Following the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,118 shares of company stock valued at $46,180,719 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $252.92 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $253.39. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $410.45 billion, a price-to-earnings ratio of 145.36, a P/E/G ratio of 2.15 and a beta of 1.90. The stock’s fifty day simple moving average is $182.09 and its 200-day simple moving average is $146.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the business posted $0.69 EPS. Advanced Micro Devices’s revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the stock a “positive” rating in a report on Monday, October 6th. Sanford C. Bernstein lifted their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a research note on Monday, July 21st. Evercore ISI lifted their price target on Advanced Micro Devices from $188.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. TD Cowen lifted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company lifted their target price on Advanced Micro Devices from $185.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price 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.