Rhumbline Advisers Cuts Position in Advanced Micro Devices, Inc. $AMD

by · The Cerbat Gem

Rhumbline Advisers trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,893,099 shares of the semiconductor manufacturer’s stock after selling 121,260 shares during the period. Rhumbline Advisers owned approximately 0.18% of Advanced Micro Devices worth $410,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. CenterBook Partners LP purchased a new stake in Advanced Micro Devices during the second quarter valued at $3,911,000. Mufg Securities Americas Inc. grew its stake in shares of Advanced Micro Devices by 25.3% in the 2nd quarter. Mufg Securities Americas Inc. now owns 35,935 shares of the semiconductor manufacturer’s stock worth $5,099,000 after buying an additional 7,251 shares in the last quarter. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of Advanced Micro Devices in the 2nd quarter worth $66,000. Sfmg LLC increased its holdings in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Sfmg LLC now owns 58,900 shares of the semiconductor manufacturer’s stock worth $8,358,000 after buying an additional 853 shares during the last quarter. Finally, Mediolanum International Funds Ltd raised its position in shares of Advanced Micro Devices by 477.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 335,304 shares of the semiconductor manufacturer’s stock valued at $48,220,000 after buying an additional 277,246 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. The Goldman Sachs Group raised their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Susquehanna reissued a “positive” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 31st. Piper Sandler restated an “overweight” rating and set a $280.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, UBS Group raised their price target on Advanced Micro Devices from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.54.

View Our Latest Stock Analysis on AMD

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $203.78 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. 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 stock has a fifty day simple moving average of $214.51 and a two-hundred day simple moving average of $167.97. The stock has a market capitalization of $331.76 billion, a price-to-earnings ratio of 117.11, a P/E/G ratio of 2.42 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the sale, the executive vice president owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 75,676 shares of company stock worth $16,124,589. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Profile

(Free Report)

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.

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