Russell Investments Group Ltd. Sells 42,616 Shares of Advanced Micro Devices, Inc. $AMD

Russell Investments Group Ltd. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 734,939 shares of the semiconductor manufacturer’s stock after selling 42,616 shares during the quarter. Russell Investments Group Ltd.’s holdings in Advanced Micro Devices were worth $104,622,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMD. Wise Wealth Partners bought a new stake in Advanced Micro Devices in the 2nd quarter valued at about $343,000. Waterfront Wealth Inc. bought a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $1,145,000. Parisi Gray Wealth Management purchased a new stake in shares of Advanced Micro Devices in the second quarter worth $343,000. Global Retirement Partners LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $4,519,000. Finally, Cornercap Investment Counsel Inc. raised its stake in Advanced Micro Devices by 43.3% in the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after purchasing an additional 3,702 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $214.24 on Thursday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The company has a market cap of $348.79 billion, a price-to-earnings ratio of 123.13, a P/E/G ratio of 2.42 and a beta of 1.93. The business’s fifty day simple moving average is $217.60 and its two-hundred day simple moving average is $170.77.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Advanced Micro Devices’s revenue was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the completion of the sale, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president directly owned 300,348 shares of the company’s stock, valued at $68,890,820.76. The trade was a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,676 shares of company stock valued at $16,124,589 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Susquehanna reaffirmed a “positive” rating and set a $300.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 31st. Melius Research set a $380.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Loop Capital set a $290.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, CICC Research upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price target on the stock in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Advanced Micro Devices Company Profile

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.