1,762 Shares in Advanced Micro Devices, Inc. $AMD Bought by Covenant Asset Management LLC

Key Points

• Covenant Asset Management LLC purchased 1,762 shares of Advanced Micro Devices, Inc. for approximately $250,000 during the second quarter.
• Analysts have raised their price targets for AMD, with JPMorgan Chase setting a new target at $180.00 while maintaining a neutral rating.
• Despite mixed quarterly earnings results where AMD reported $0.48 EPS against a consensus of $0.54, the company achieved a revenue of $7.69 billion, reflecting a year-over-year increase of 31.7%.

Covenant Asset Management LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,762 shares of the semiconductor manufacturer's stock, valued at approximately $250,000.

Other large investors have also added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Advanced Micro Devices by 16.9% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 6,248 shares of the semiconductor manufacturer's stock valued at $887,000 after buying an additional 904 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 81.4% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 5,020 shares of the semiconductor manufacturer's stock worth $712,000 after buying an additional 2,252 shares during the last quarter. GC Wealth Management RIA LLC bought a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $1,752,000. Greenbush Financial Group LLC lifted its position in Advanced Micro Devices by 3.3% during the second quarter. Greenbush Financial Group LLC now owns 8,710 shares of the semiconductor manufacturer's stock valued at $1,236,000 after acquiring an additional 279 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Advanced Micro Devices by 8.3% in the second quarter. Sound Income Strategies LLC now owns 1,872 shares of the semiconductor manufacturer's stock valued at $266,000 after acquiring an additional 144 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, DZ Bank raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective for the company in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $180.88.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $159.46 on Monday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. 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 company has a market cap of $258.78 billion, a PE ratio of 91.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. The company's 50 day moving average is $165.48 and its 200 day moving average is $131.71.

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

Insider Activity

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 272,448 shares of company stock worth $44,554,848 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Company 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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