Broderick Brian C Has $14.97 Million Position in Advanced Micro Devices, Inc. $AMD

Broderick Brian C decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,505 shares of the semiconductor manufacturer’s stock after selling 8,167 shares during the period. Advanced Micro Devices comprises 3.0% of Broderick Brian C’s holdings, making the stock its 13th largest holding. Broderick Brian C’s holdings in Advanced Micro Devices were worth $14,971,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMD. Brighton Jones LLC increased its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares in the last quarter. UMB Bank n.a. grew its position in Advanced Micro Devices by 4.7% in the first quarter. UMB Bank n.a. now owns 14,463 shares of the semiconductor manufacturer’s stock valued at $1,486,000 after acquiring an additional 646 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Advanced Micro Devices by 16.3% in the 1st quarter. Capital Investment Advisors LLC now owns 14,954 shares of the semiconductor manufacturer’s stock valued at $1,536,000 after purchasing an additional 2,092 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Advanced Micro Devices by 132.2% during the 1st quarter. First Citizens Bank & Trust Co. now owns 42,769 shares of the semiconductor manufacturer’s stock valued at $4,394,000 after purchasing an additional 24,351 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AMD. Piper Sandler reissued an “overweight” rating and issued a $240.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised Advanced Micro Devices to a “hold” rating and set a $140.00 target price for the company in a report on Thursday, July 10th. Finally, Hsbc Global Res raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $211.51 on Wednesday. The company has a market capitalization of $343.25 billion, a PE ratio of 121.56, a P/E/G ratio of 2.40 and a beta of 1.90. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $226.71. The firm has a fifty day simple moving average of $167.22 and a 200 day simple moving average of $135.02.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,448 shares of company stock valued at $44,554,848. Company insiders own 0.06% of the company’s stock.

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.