Summit Investment Advisors Inc. Raises Stock Holdings in Advanced Micro Devices, Inc. $AMD

Summit Investment Advisors Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,961 shares of the semiconductor manufacturer’s stock after buying an additional 1,895 shares during the period. Summit Investment Advisors Inc.’s holdings in Advanced Micro Devices were worth $9,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wise Wealth Partners purchased a new stake in shares of Advanced Micro Devices during the second quarter worth about $343,000. Waterfront Wealth Inc. purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at approximately $1,145,000. Parisi Gray Wealth Management bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $343,000. Cornercap Investment Counsel Inc. raised its position in shares of Advanced Micro Devices by 43.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after buying an additional 3,702 shares during the last quarter. Finally, Davis Investment Partners LLC purchased a new position in shares of Advanced Micro Devices in the second quarter worth $736,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 1.8%

AMD stock opened at $233.54 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The stock has a market capitalization of $379.00 billion, a price-to-earnings ratio of 134.22, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $199.34 and its two-hundred day simple moving average is $158.35.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 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 35.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on AMD shares. Truist Financial reiterated a “buy” rating and issued a $279.00 price target (up from $273.00) on shares of Advanced Micro Devices in a report on Wednesday. Wolfe Research set a $300.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Rosenblatt Securities increased their price target on Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday. KGI Securities set a $260.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, October 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.26.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction on 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 transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $384,529,181.40. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction on 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 in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is owned by company insiders.

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.