Burling Wealth Partners LLC Invests $860,000 in Advanced Micro Devices, Inc. $AMD

Burling Wealth Partners LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,061 shares of the semiconductor manufacturer’s stock, valued at approximately $860,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. King Wealth Management Group lifted its holdings in Advanced Micro Devices by 2.1% in the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock worth $428,000 after acquiring an additional 62 shares during the last quarter. Sittner & Nelson LLC raised its position in shares of Advanced Micro Devices by 20.1% during the 2nd quarter. Sittner & Nelson LLC now owns 2,390 shares of the semiconductor manufacturer’s stock worth $339,000 after purchasing an additional 400 shares during the period. Evolution Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $276,000. Clearstead Trust LLC boosted its position in Advanced Micro Devices by 35.1% during the 2nd quarter. Clearstead Trust LLC now owns 9,311 shares of the semiconductor manufacturer’s stock valued at $1,321,000 after purchasing an additional 2,418 shares during the period. Finally, Allianz SE grew its stake in Advanced Micro Devices by 23.6% during the 2nd quarter. Allianz SE now owns 80,129 shares of the semiconductor manufacturer’s stock worth $11,370,000 after buying an additional 15,322 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Loop Capital set a $290.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wells Fargo & Company increased their price objective on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Finally, Evercore ISI raised their price target on shares of Advanced Micro Devices from $270.00 to $283.00 and gave the company 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. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $273.49.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares in the company, valued at $51,416,785.98. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 264,118 shares of company stock worth $44,448,619. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 4.2%

Shares of AMD opened at $247.96 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The business’s 50-day moving average price is $206.13 and its 200 day moving average price is $162.66. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $403.69 billion, a P/E ratio of 142.51, a P/E/G ratio of 2.42 and a beta of 1.93.

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

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.