Artisan Partners Limited Partnership Reduces Stake in Advanced Micro Devices, Inc. $AMD

Artisan Partners Limited Partnership lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,486,964 shares of the semiconductor manufacturer’s stock after selling 363,790 shares during the quarter. Artisan Partners Limited Partnership owned 0.15% of Advanced Micro Devices worth $352,900,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Forge First Asset Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $5,392,000. Empirical Finance LLC grew its position in Advanced Micro Devices by 0.7% during the second quarter. Empirical Finance LLC now owns 56,063 shares of the semiconductor manufacturer’s stock valued at $7,955,000 after buying an additional 367 shares during the period. Nicholas Wealth LLC. bought a new stake in Advanced Micro Devices during the second quarter valued at approximately $1,499,000. Talos Eurisko Asset Management LP purchased a new stake in Advanced Micro Devices during the second quarter valued at approximately $18,220,000. Finally, Alteri Wealth LLC raised its position in Advanced Micro Devices by 11.5% in the second quarter. Alteri Wealth LLC now owns 3,829 shares of the semiconductor manufacturer’s stock worth $543,000 after acquiring an additional 394 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective on the stock in a research report on Friday, November 7th. The Goldman Sachs Group increased their target price on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Citigroup lifted their price target on shares of Advanced Micro Devices from $215.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Benchmark increased their price objective on shares of Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $273.49.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 39,118 shares of company stock worth $7,555,369. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 2.9%

Shares of AMD opened at $223.55 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The stock has a market capitalization of $363.95 billion, a price-to-earnings ratio of 128.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.92. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The business’s 50 day simple moving average is $212.60 and its 200-day simple moving average is $166.99.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share 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 analyst estimates of $8.76 billion. During the same period last year, the firm posted $0.92 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 35.6% compared to the same quarter last year. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.