1,696 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Lloyd Advisory Services LLC.

Key Points

• Lloyd Advisory Services LLC acquired 1,696 shares of Advanced Micro Devices (AMD) valued at approximately $241,000 during the 2nd quarter of 2023.
• Advanced Micro Devices recently missed earnings estimates with $0.48 EPS, against a consensus of $0.54, but reported a 31.7% increase in revenue year-over-year, totaling $7.69 billion.
• Several analysts have upgraded AMD's stock rating, with price targets from multiple firms now ranging between $200 and $213, reflecting strong confidence in the company's performance.

Lloyd Advisory Services LLC. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,696 shares of the semiconductor manufacturer's stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Patton Fund Management Inc. purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $245,000. True North Advisors LLC grew its stake in Advanced Micro Devices by 2.8% in the 2nd quarter. True North Advisors LLC now owns 3,658 shares of the semiconductor manufacturer's stock valued at $519,000 after purchasing an additional 98 shares during the period. BOS Asset Management LLC purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $555,000. Falcon Wealth Planning bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth $246,000. Finally, Evergreen Private Wealth LLC boosted its holdings in shares of Advanced Micro Devices by 44.8% in the 2nd quarter. Evergreen Private Wealth LLC now owns 462 shares of the semiconductor manufacturer's stock worth $66,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,448 shares of company stock valued at $44,554,848. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 1.1%

NASDAQ:AMD opened at $159.46 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65. The stock's fifty day moving average price is $165.48 and its two-hundred day moving average price is $131.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market cap of $258.78 billion, a P/E ratio of 91.64, a P/E/G ratio of 1.90 and a beta of 1.92.

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

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. Truist Financial upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and raised their price objective for the stock from $173.00 to $213.00 in a report on Tuesday, August 26th. Susquehanna increased their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. Raymond James Financial lifted their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, Mizuho boosted their target price on Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.88.

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.

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