Kornitzer Capital Management Inc. KS Raises Stock Position in Advanced Micro Devices, Inc. $AMD

Kornitzer Capital Management Inc. KS lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 59.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,625 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,850 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Advanced Micro Devices were worth $1,082,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Advisory LLC raised its stake in shares of Advanced Micro Devices by 1.4% in the second quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock valued at $606,000 after acquiring an additional 57 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in Advanced Micro Devices by 2.6% during the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after purchasing an additional 72 shares during the period. Avion Wealth raised its position in Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. Scott & Selber Inc. boosted its stake in shares of Advanced Micro Devices by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock valued at $1,485,000 after buying an additional 73 shares during the period. Finally, Sandy Cove Advisors LLC grew 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 buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 7.6%

Shares of NASDAQ AMD opened at $252.92 on Monday. The business has a 50-day moving average price of $182.09 and a 200 day moving average price of $147.48. The stock has a market cap of $410.45 billion, a PE ratio of 145.36, a price-to-earnings-growth ratio of 2.31 and a beta of 1.90. 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 $253.39.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 firm had revenue of $7.69 billion during 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 quarter in the prior year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMD shares. KGI Securities set a $260.00 price target on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, October 13th. HSBC boosted their target price on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein raised their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a research note on Monday, July 21st. Rosenblatt Securities upped their price objective on Advanced Micro Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, Stifel Nicolaus set a $240.00 target price on Advanced Micro Devices in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $233.94.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total value of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $384,529,181.40. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,118 shares of company stock valued at $46,180,719. Corporate insiders own 0.06% of the company’s stock.

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.