Conning Inc. Sells 320 Shares of Advanced Micro Devices, Inc. $AMD

Conning Inc. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,854 shares of the semiconductor manufacturer’s stock after selling 320 shares during the period. Conning Inc.’s holdings in Advanced Micro Devices were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Tritonpoint Wealth LLC raised its stake in Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 72 shares in the last quarter. Scott & Selber Inc. raised its stake in Advanced Micro Devices by 0.7% in the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock worth $1,485,000 after buying an additional 73 shares in the last quarter. Sandy Cove Advisors LLC increased its position in shares of Advanced Micro Devices by 1.4% during the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after purchasing an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of Advanced Micro Devices by 3.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer’s stock worth $381,000 after purchasing an additional 85 shares in the last quarter. Finally, SLT Holdings LLC increased its position in shares of Advanced Micro Devices by 4.3% during the second quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer’s stock worth $306,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,316 shares of company stock valued at $45,203,045. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of AMD opened at $214.76 on Friday. The firm has a market capitalization of $348.51 billion, a PE ratio of 123.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $240.10. The company’s fifty day moving average price is $170.33 and its 200-day moving average price is $137.22.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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). The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. Evercore ISI upped their price target on Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group upped their price target on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Advanced Micro Devices from $185.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $273.00 price target (up from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.25.

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.