Bangor Savings Bank Raises Stake in Advanced Micro Devices, Inc. $AMD

Bangor Savings Bank increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,314 shares of the semiconductor manufacturer’s stock after purchasing an additional 102 shares during the quarter. Bangor Savings Bank’s holdings in Advanced Micro Devices were worth $186,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Goldman Sachs Group Inc. increased its position in shares of Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock worth $1,012,538,000 after acquiring an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after acquiring an additional 5,915,185 shares in the last quarter. Nuveen LLC purchased a new stake in Advanced Micro Devices during the 1st quarter worth $436,746,000. Parnassus Investments LLC boosted its position in Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after purchasing an additional 4,133,785 shares during the period. Finally, Deutsche Bank AG increased its holdings in Advanced Micro Devices by 27.9% in the 1st quarter. Deutsche Bank AG now owns 10,175,532 shares of the semiconductor manufacturer’s stock valued at $1,045,434,000 after purchasing an additional 2,221,905 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction that occurred on 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 directly owned 313,848 shares of the company’s stock, valued at $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 270,198 shares of company stock valued at $44,183,576. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $158.57 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The company has a 50-day moving average of $163.13 and a 200-day moving average of $127.47. The company has a market capitalization of $257.33 billion, a P/E ratio of 91.13, a PEG ratio of 1.87 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMD. Wedbush reaffirmed a “cautious” rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. DZ Bank raised Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $165.00 price target on the stock in a research report on Thursday, August 7th. Bank of America upped their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Citigroup lifted their price objective on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, Susquehanna boosted their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $180.88.

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.