TD Private Client Wealth LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 16.5% in the second quarter, HoldingsChannel reports. The firm owned 6,686 shares of the semiconductor manufacturer’s stock after acquiring an additional 948 shares during the period. TD Private Client Wealth LLC’s holdings in Advanced Micro Devices were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC purchased a new position in shares of Advanced Micro Devices during the 2nd quarter worth $958,422,000. Goldman Sachs Group Inc. boosted its stake in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock worth $1,012,538,000 after acquiring an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after acquiring an additional 5,915,185 shares during the last quarter. Nuveen LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter worth $436,746,000. Finally, Parnassus Investments LLC boosted its stake in shares of Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after acquiring an additional 4,133,785 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.
Insider Activity at Advanced Micro Devices
In other news, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. The trade was a 6.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock worth $44,554,848 in the last quarter. 0.06% of the stock is owned by company insiders.
Advanced Micro Devices Stock Down 1.1%
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AMD. Deutsche Bank Aktiengesellschaft set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Seaport Res Ptn cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a “hold” rating and set a $140.00 price target on the stock in a research note on Thursday, July 10th. Stifel Nicolaus lifted their target price on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, HSBC lowered their target price on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.88.
Read Our Latest Stock Analysis on Advanced Micro Devices
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.
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