Means Investment CO. Inc. Raises Position in Advanced Micro Devices, Inc. $AMD

Means Investment CO. Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.5% in the second quarter, Holdings Channel.com reports. The firm owned 4,004 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,194 shares during the quarter. Means Investment CO. Inc.’s holdings in Advanced Micro Devices were worth $568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AMD. Tritonpoint Wealth LLC lifted its holdings in Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after acquiring an additional 72 shares during the period. Scott & Selber Inc. lifted its stake in shares of Advanced Micro Devices by 0.7% in the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock valued at $1,485,000 after purchasing an additional 73 shares during the period. Sandy Cove Advisors LLC boosted its holdings in 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. Pine Haven Investment Counsel Inc grew its position in Advanced Micro Devices by 3.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer’s stock worth $381,000 after buying an additional 85 shares during the period. Finally, SLT Holdings LLC increased its holdings in Advanced Micro Devices by 4.3% in the second quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer’s stock valued at $306,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 7.8%

Shares of AMD stock opened at $214.76 on Friday. The company has a market capitalization of $348.51 billion, a price-to-earnings ratio of 123.42, a PEG ratio of 2.53 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. The firm has a 50-day moving average price of $170.33 and a 200 day moving average price of $137.41. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $240.10.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results 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 firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the sale, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 275,316 shares of company stock worth $45,203,045 in the last three months. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMD. Sanford C. Bernstein boosted their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Weiss Ratings downgraded Advanced Micro Devices from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. The Goldman Sachs Group raised their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $240.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.25.

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.