OMC Financial Services LTD Sells 3,376 Shares of Advanced Micro Devices, Inc. $AMD

OMC Financial Services LTD cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,499 shares of the semiconductor manufacturer’s stock after selling 3,376 shares during the quarter. Advanced Micro Devices makes up 8.4% of OMC Financial Services LTD’s investment portfolio, making the stock its 3rd biggest holding. OMC Financial Services LTD’s holdings in Advanced Micro Devices were worth $25,269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Basepoint Wealth LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $30,000. Finally, Graney & King LLC purchased a new stake in Advanced Micro Devices in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.6%

NASDAQ AMD opened at $469.45 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $766.36 billion, a P/E ratio of 120.68 and a beta of 2.48. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73. The firm has a 50-day moving average price of $512.16 and a 200 day moving average price of $374.86.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 7,369 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $487.34, for a total value of $3,591,208.46. Following the completion of the transaction, the executive vice president owned 1,241,347 shares in the company, valued at approximately $604,958,046.98. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $480.94, for a total value of $7,214,100.00. Following the completion of the sale, the chief executive officer directly owned 3,102,156 shares of the company’s stock, valued at approximately $1,491,950,906.64. This trade represents a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 181,952 shares of company stock valued at $86,317,061. 0.50% of the stock is owned by company insiders.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Coatue Management opened a new AMD position valued at approximately $55.8 million during the second quarter, signaling renewed institutional confidence in the AI infrastructure opportunity. Coatue Management Opens AMD Position
• Positive Sentiment: Google is reportedly collaborating with AMD on its 10th-generation TPU, potentially creating a major design win and strengthening AMD’s relationship with one of the largest AI infrastructure buyers. Google Reportedly Working With AMD on TPU
• Positive Sentiment: AMD appointed Tim Ryan to its board, adding technology, enterprise operations and financial-governance experience. The company also named KC McClure chair of its Audit and Finance Committee. AMD Appoints Tim Ryan
• Neutral Sentiment: AMD’s strong operating backdrop remains central to the bull case: latest reported revenue rose 50.1% year over year to $11.54 billion, while data-center growth and expanding AI demand support bullish analyst targets. However, the stock’s elevated earnings multiple leaves limited room for disappointment. AMD Valuation Analysis
• Negative Sentiment: Google’s expanding $120 billion custom-chip initiative, including a deeper relationship with Marvell, adds another competitor to AMD and Nvidia in AI inference workloads. The development has contributed to weakness across AI-chip shares. Google Expands Custom-Chip Push
• Negative Sentiment: ARK Invest sold 25,917 AMD shares across four ETFs while adding Nvidia, continuing a pattern of reducing AMD exposure. The move reinforces concerns about investor preference shifting toward AMD’s larger rival. ARK Invest Trims AMD
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn disclosed stock sales totaling roughly $8.7 million. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their significance, but the sales may still weigh on sentiment. AMD Insider Sale Filings

Analyst Ratings Changes

Several brokerages have issued reports on AMD. Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Benchmark increased their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Citigroup raised Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Oppenheimer cut Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Finally, Bank of America upped their price objective on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.95.

Advanced Micro Devices Company 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.