Conning Inc. Sells 320 Shares of Advanced Micro Devices, Inc. $AMD

Conning Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,854 shares of the semiconductor manufacturer’s stock after selling 320 shares during the quarter. Conning Inc.’s holdings in Advanced Micro Devices were worth $1,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 178.2% in the fourth 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 during the last quarter. Revolve Wealth Partners LLC grew 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 worth $1,001,000 after acquiring an additional 234 shares in the last quarter. GAMMA Investing LLC grew its position in Advanced Micro Devices by 18.7% in the first quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer’s stock worth $2,009,000 after acquiring an additional 3,084 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Advanced Micro Devices by 17.0% in the first quarter. Capital Advisors Ltd. LLC now owns 1,757 shares of the semiconductor manufacturer’s stock worth $181,000 after acquiring an additional 255 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its position in Advanced Micro Devices by 39.4% in the first quarter. Simon Quick Advisors LLC now owns 8,201 shares of the semiconductor manufacturer’s stock worth $843,000 after acquiring an additional 2,316 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Down 7.8%

Shares of NASDAQ:AMD opened at $214.76 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $240.10. The business has a 50 day simple moving average of $170.33 and a two-hundred day simple moving average of $137.22. The firm has a market capitalization of $348.51 billion, a PE ratio of 123.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results 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). The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AMD. Benchmark lifted their price target on Advanced Micro Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Stifel Nicolaus set a $240.00 price target on Advanced Micro Devices in a research report on Monday. Susquehanna lifted their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a research report on Wednesday, August 6th. Finally, Citigroup boosted their target price on Advanced Micro Devices from $180.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $218.25.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,316 shares of company stock valued at $45,203,045 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices 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.