Alpha Wealth Funds LLC Takes $547,000 Position in Advanced Micro Devices, Inc. $AMD

Alpha Wealth Funds LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, Holdings Channel reports. The fund purchased 3,820 shares of the semiconductor manufacturer’s stock, valued at approximately $547,000. Advanced Micro Devices comprises 0.5% of Alpha Wealth Funds LLC’s portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock valued at $15,654,222,000 after acquiring an additional 2,157,199 shares during the period. Amundi increased its stake in Advanced Micro Devices by 8.0% during the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after buying an additional 1,319,064 shares during the period. Invesco Ltd. increased its stake in Advanced Micro Devices by 4.0% during the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after buying an additional 450,695 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Advanced Micro Devices by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock worth $1,083,815,000 after buying an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in 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 buying an additional 5,915,185 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. 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 ninety days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMD shares. Melius Research set a $300.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 6th. Roth Capital set a $250.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Monday, October 6th. Benchmark upped their target price on shares of Advanced Micro Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Rosenblatt Securities upped their target price on shares of Advanced Micro Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group upped their target price on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $233.94.

Advanced Micro Devices Trading Down 0.6%

NASDAQ AMD opened at $233.08 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $241.20. The stock has a market capitalization of $378.25 billion, a PE ratio of 133.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.90. The firm has a 50 day moving average of $175.96 and a two-hundred day moving average of $141.73.

Advanced Micro Devices (NASDAQ:AMD) last posted 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). 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 quarter last year, the firm earned $0.69 EPS. The company’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, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.