Eastern Bank Sells 32,987 Shares of Advanced Micro Devices, Inc. $AMD

Eastern Bank lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 154,551 shares of the semiconductor manufacturer’s stock after selling 32,987 shares during the quarter. Advanced Micro Devices comprises 1.4% of Eastern Bank’s investment portfolio, making the stock its 19th largest holding. Eastern Bank’s holdings in Advanced Micro Devices were worth $89,780,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMD. Southpoint Capital Advisors LP raised its holdings in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after acquiring an additional 300,000 shares during the last quarter. Jefferies Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 6,228.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock worth $65,966,000 after acquiring an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $1,193,000. Dimensional Fund Advisors LP raised its holdings in shares of Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $1,118,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.8%

NASDAQ:AMD opened at $484.64 on Tuesday. The firm has a market capitalization of $790.25 billion, a P/E ratio of 158.90 and a beta of 2.48. The company has a fifty day moving average of $515.77 and a 200 day moving average of $352.55. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73.

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

Trending Headlines about Advanced Micro Devices

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

Insider Transactions at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 310,310 shares of company stock worth $141,185,456. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $600.00 price target on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Rosenblatt Securities restated a “buy” rating and set a $665.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 24th. BTIG Research raised Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Zacks Research cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings raised Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Two equities 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 currently has a consensus rating of “Moderate Buy” and an average price target of $529.46.

Advanced Micro Devices Profile

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.