MassMutual Private Wealth & Trust FSB Purchases 9,316 Shares of Advanced Micro Devices, Inc. $AMD

MassMutual Private Wealth & Trust FSB raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 99.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,713 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,316 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Advanced Micro Devices were worth $10,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Diesslin Group Inc. acquired a new position in shares of Advanced Micro Devices in the second quarter valued at about $297,000. Collective Family Office LLC bought a new position in Advanced Micro Devices during the second quarter worth about $335,000. KERR FINANCIAL PLANNING Corp raised its stake in Advanced Micro Devices by 5.3% in the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 5,188 shares of the semiconductor manufacturer’s stock worth $3,014,000 after purchasing an additional 263 shares in the last quarter. Adelphi Trust Co acquired a new stake in Advanced Micro Devices in the 2nd quarter worth about $273,000. Finally, Trust Co of the South boosted its holdings in Advanced Micro Devices by 1.5% in the 2nd quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock valued at $1,014,000 after purchasing an additional 25 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMD. Wedbush increased their target price on shares of Advanced Micro Devices from $450.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Truist Financial set a $478.00 price target on Advanced Micro Devices in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Mizuho raised their price objective on Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Citigroup raised Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $529.46.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Analysts expect strong second-quarter growth, supported by robust demand for EPYC server CPUs, Instinct AI accelerators and cloud infrastructure. Data-center revenue is expected to be the central catalyst, with some estimates calling for revenue above $6 billion and total company revenue near $11.2 billion. Can Strong Data Center Revenues Boost AMD’s Top Line in Q2 Earnings?
• Positive Sentiment: AMD’s Helios rack-scale AI platform is being positioned as a broader challenge to Nvidia’s integrated AI systems, potentially expanding AMD’s opportunity beyond individual GPUs. Bernstein also raised its AI-server forecast ahead of the results. AMD’s Helios Is Coming for Nvidia’s Rack, Not Just Its GPU
• Positive Sentiment: A partnership with Core Scientific involving more than 500 megawatts of planned U.S. capacity beginning in 2027 highlights potential long-term demand for AMD-powered AI data-center infrastructure, although the agreement is not expected to materially affect near-term results. Core Scientific partnership with AMD
• Neutral Sentiment: Options markets imply an unusually large post-earnings move of roughly 8.5% to 9%, reflecting elevated uncertainty. Investors may focus more on forward guidance, AI-server demand and the pace of the Helios ramp than on whether AMD simply beats quarterly estimates. AMD options price a 9% earnings move
• Negative Sentiment: AMD’s valuation has become demanding after the stock more than doubled during the year. Analysts warn that a routine earnings beat may not be sufficient, leaving the shares vulnerable if data-center growth or guidance falls short of exceptionally high expectations. AMD earnings preview
• Negative Sentiment: Semiconductor stocks have recently suffered a sharp sector-wide reversal amid concerns about AI-spending profitability, increasing the risk that AMD could decline even on solid results. Cathie Wood’s Ark Invest also reported selling $68.1 million of AMD shares in July, including an $11.8 million sale in one day. Cathie Wood’s Ark Invest sold AMD stock

Advanced Micro Devices Trading Up 1.8%

AMD opened at $484.64 on Tuesday. The company has a market cap of $790.25 billion, a P/E ratio of 158.90 and a beta of 2.48. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $515.77 and its 200-day moving average is $352.55. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’s revenue was up 37.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 6.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% 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, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 310,310 shares of company stock worth $141,185,456 over the last quarter. Insiders own 0.50% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.