Amalgamated Bank Buys 2,283 Shares of Advanced Micro Devices, Inc. $AMD

Amalgamated Bank increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,193 shares of the semiconductor manufacturer’s stock after buying an additional 2,283 shares during the quarter. Amalgamated Bank’s holdings in Advanced Micro Devices were worth $47,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. Brighton Jones LLC lifted its position in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its position in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 234 shares during the last quarter. Golden State Wealth Management LLC raised its position in Advanced Micro Devices by 7.8% in the 1st quarter. Golden State Wealth Management LLC now owns 8,867 shares of the semiconductor manufacturer’s stock valued at $911,000 after purchasing an additional 638 shares during the last quarter. Koshinski Asset Management Inc. raised its position in Advanced Micro Devices by 3.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,937 shares of the semiconductor manufacturer’s stock valued at $507,000 after purchasing an additional 175 shares during the last quarter. Finally, Smith Salley Wealth Management raised its position in Advanced Micro Devices by 6.9% in the 1st quarter. Smith Salley Wealth Management now owns 1,991 shares of the semiconductor manufacturer’s stock valued at $205,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 2,250 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value 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 represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 274,118 shares of company stock valued at $46,180,719 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 2.4%

NASDAQ AMD opened at $264.33 on Thursday. The stock has a 50-day simple moving average of $187.57 and a 200 day simple moving average of $151.00. The company has a market capitalization of $428.97 billion, a PE ratio of 151.91, a P/E/G ratio of 2.36 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMD. Dbs Bank upgraded Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Morgan Stanley boosted 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. Finally, UBS Group boosted 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. Three equities research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.94.

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.