AssuredPartners Investment Advisors LLC Sells 2,570 Shares of Advanced Micro Devices, Inc. $AMD

AssuredPartners Investment Advisors LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 59.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,759 shares of the semiconductor manufacturer’s stock after selling 2,570 shares during the period. AssuredPartners Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $250,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its position in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares in the last quarter. West Branch Capital LLC grew its position in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares in the last quarter. High Note Wealth LLC grew its position in Advanced Micro Devices by 285.5% during the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock worth $38,000 after buying an additional 197 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Finally, American Capital Advisory LLC grew its position in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 130 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Morgan Stanley lifted their target price on Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Wedbush lifted their target price on Advanced Micro Devices from $190.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial reaffirmed a “buy” rating and set a $273.00 price objective (up from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Finally, Rosenblatt Securities lifted their price objective on Advanced Micro Devices from $200.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.94.

Advanced Micro Devices Stock Down 0.6%

NASDAQ AMD opened at $233.08 on Friday. The firm has a market cap of $378.25 billion, a PE ratio of 133.95, a price-to-earnings-growth ratio of 2.33 and a beta of 1.90. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $241.20. The stock’s 50 day simple moving average is $175.96 and its 200 day simple moving average is $141.47. 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 (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,118 shares of company stock worth $46,180,719 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.