Sumitomo Life Insurance Co. Trims Stock Holdings in Advanced Micro Devices, Inc. $AMD

Sumitomo Life Insurance Co. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 76.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,799 shares of the semiconductor manufacturer’s stock after selling 57,008 shares during the period. Sumitomo Life Insurance Co.’s holdings in Advanced Micro Devices were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC raised its stake in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 208 shares during the last quarter. Avion Wealth raised its stake in Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 72 shares during the last quarter. West Branch Capital LLC raised its stake in Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 214 shares during the last quarter. High Note Wealth LLC raised its stake in Advanced Micro Devices by 285.5% in the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 197 shares during the last quarter. Finally, Quaker Wealth Management LLC raised its stake in Advanced Micro Devices by 136.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $39,000 after acquiring an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction 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. This trade represents a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,800 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares in the company, valued at $384,529,181.40. This trade represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $256.12 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. 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 stock has a market capitalization of $415.64 billion, a PE ratio of 147.20, a price-to-earnings-growth ratio of 2.42 and a beta of 1.90. The stock’s 50-day moving average price is $191.16 and its 200-day moving average price is $153.25.

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

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, October 8th. KGI Securities set a $260.00 price target on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday, October 13th. Barclays increased their price target on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Citigroup increased their price target on Advanced Micro Devices from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Raymond James Financial increased their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $237.32.

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.