Advanced Micro Devices, Inc. $AMD Stake Lowered by Prospera Financial Services Inc

Prospera Financial Services Inc trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.9% during the second quarter, Holdings Channel reports. The firm owned 70,469 shares of the semiconductor manufacturer’s stock after selling 4,415 shares during the period. Prospera Financial Services Inc’s holdings in Advanced Micro Devices were worth $9,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. AGF Management Ltd. bought a new stake in Advanced Micro Devices during the 2nd quarter valued at $2,206,000. Summit Investment Advisors Inc. boosted its holdings in Advanced Micro Devices by 2.0% during the first quarter. Summit Investment Advisors Inc. now owns 95,961 shares of the semiconductor manufacturer’s stock worth $9,859,000 after buying an additional 1,895 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 3.4% in the 2nd quarter. AE Wealth Management LLC now owns 303,266 shares of the semiconductor manufacturer’s stock worth $43,033,000 after acquiring an additional 9,892 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at $57,000. Finally, Summit Wealth & Retirement Planning Inc. acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $233,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 1.8%

Shares of NASDAQ AMD opened at $233.54 on Friday. The business has a 50 day simple moving average of $199.34 and a 200 day simple moving average of $158.35. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The stock has a market cap of $379.00 billion, a price-to-earnings ratio of 134.22, a PEG ratio of 2.42 and a beta of 1.93. 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 (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The company’s revenue was up 35.6% compared to the same quarter last year. Advanced Micro Devices has set its Q4 2025 guidance at EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on AMD shares. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday. Truist Financial reiterated a “buy” rating and set a $279.00 price objective (up from $273.00) on shares of Advanced Micro Devices in a research report on Wednesday. Robert W. Baird set a $300.00 target price on Advanced Micro Devices in a report on Wednesday. Rosenblatt Securities lifted their price target on Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein upped their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $263.26.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total value of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 274,118 shares of company stock valued at $46,180,719. 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.