Advanced Micro Devices, Inc. $AMD Shares Sold by Puzo Michael J

Puzo Michael J cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,290 shares of the semiconductor manufacturer’s stock after selling 5,977 shares during the quarter. Advanced Micro Devices makes up 7.2% of Puzo Michael J’s portfolio, making the stock its largest holding. Puzo Michael J’s holdings in Advanced Micro Devices were worth $28,052,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after buying an additional 2,970 shares during the last quarter. United Bank grew its stake in Advanced Micro Devices by 22.0% during the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after buying an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of Advanced Micro Devices by 361.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock worth $1,310,000 after buying an additional 7,228 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD received a bullish BMO price-target call, with its AI ambitions supported by reported relationships or deals involving Meta, OpenAI and Anthropic. AMD Stock Gets Stunning Price Target From Wall Street
• Positive Sentiment: The company is investing more than $10 billion in Taiwan’s advanced-packaging and AI-system manufacturing ecosystem, including its supply-chain relationship with TSMC. The spending is intended to remove capacity constraints and support more than 60% annual data-center revenue growth over the next three to five years. AMD Is Investing More Than $10 Billion in Taiwan
• Positive Sentiment: Analysts and fund commentary see AMD as a potential beneficiary of increasingly CPU-intensive AI data centers, broadening the opportunity beyond accelerator chips. Can AMD Win From More CPU-Heavy AI Data Centers?
• Neutral Sentiment: AMD raised approximately $4.75 billion through unsecured senior notes and filed to potentially issue additional debt. The financing strengthens its ability to fund AI infrastructure, but also adds interest obligations and raises questions about capital efficiency. The appointment of Citi executive Tim Ryan to the board may bolster financial and strategic expertise. AMD Debt Raise and Taiwan AI Push
• Negative Sentiment: Semiconductor stocks sold off broadly ahead of Nvidia’s August 26 earnings release. Investors appear to be de-risking accelerator exposure because Nvidia’s results or outlook could reset expectations for the entire AI-chip trade. Intel and AMD Decline in Chip Sell-Off
• Negative Sentiment: AMD’s roughly $745 billion market capitalization and elevated price-to-earnings ratio leave the stock vulnerable to profit-taking when sentiment toward high-growth AI companies weakens. Concerns about competition from Nvidia and newer challengers such as Cerebras add to the pressure. Cerebras Revenue Surges and Implications for AMD

Advanced Micro Devices Stock Down 3.5%

NASDAQ AMD opened at $456.74 on Tuesday. The stock has a fifty day moving average of $509.59 and a 200-day moving average of $377.97. The stock has a market capitalization of $745.61 billion, a P/E ratio of 117.41 and a beta of 2.48. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Activity

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 28,811 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 210,763 shares of company stock worth $99,912,107. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMD shares. Oppenheimer cut shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research note on Wednesday, May 6th. UBS Group restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Stifel Nicolaus increased their target price on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $546.95.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.