Legacy Investment Solutions LLC Purchases New Stake in Advanced Micro Devices, Inc. $AMD

Legacy Investment Solutions LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 405 shares of the semiconductor manufacturer’s stock, valued at approximately $57,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wise Wealth Partners bought a new position in Advanced Micro Devices during the second quarter valued at about $343,000. Waterfront Wealth Inc. acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $1,145,000. Parisi Gray Wealth Management acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $343,000. Cornercap Investment Counsel Inc. boosted its position in shares of Advanced Micro Devices by 43.3% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Davis Investment Partners LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $736,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 1.8%

Shares of Advanced Micro Devices stock opened at $233.54 on Friday. The stock has a 50-day moving average price of $199.34 and a 200 day moving average price of $158.85. The company has a market cap of $379.00 billion, a P/E ratio of 134.22, a P/E/G ratio of 2.42 and a beta of 1.93. 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 1 year low of $76.48 and a 1 year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 274,118 shares of company stock valued at $46,180,719 in the last three months. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMD shares. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on Advanced Micro Devices and gave the stock a “hold” rating in a research report on Tuesday, October 14th. Finally, Evercore ISI lifted their price target on Advanced Micro Devices from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.26.

About Advanced Micro Devices

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.