Family Legacy Financial Solutions LLC Buys Shares of 59,903 Advanced Micro Devices, Inc. $AMD

Key Points

• Family Legacy Financial Solutions LLC acquired a new stake in Advanced Micro Devices, Inc. by purchasing 59,903 shares valued at approximately $8.5 million, making AMD the firm's 3rd largest position.
• Analysts have been bullish on AMD, with several upgrading their target prices significantly, including a new target of $213.00 from Truist Financial and an upgrade to a "buy" rating from Bank of America.
• Insider activity showed significant stock sales, with CEO Lisa T. Su selling 225,000 shares worth about $36.9 million, reflecting a decrease in ownership by 6.28%.

Family Legacy Financial Solutions LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,903 shares of the semiconductor manufacturer's stock, valued at approximately $8,500,000. Advanced Micro Devices accounts for 7.2% of Family Legacy Financial Solutions LLC's portfolio, making the stock its 3rd biggest holding.

Several other institutional investors also recently bought and sold shares of AMD. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC raised its position in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. raised its position in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Finally, Investors Research Corp increased its position in Advanced Micro Devices by 117.9% during the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 165 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares of the company's stock, valued at $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,198 shares of company stock worth $44,183,576 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. Truist Financial upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and increased their target price for the company from $173.00 to $213.00 in a research note on Tuesday, August 26th. Morgan Stanley dropped their price target on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note 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. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a research note on Thursday, July 10th. Finally, Piper Sandler raised their price target on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Three 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

Advanced Micro Devices Trading Down 0.3%

NASDAQ AMD traded down $0.53 during trading hours on Friday, hitting $157.39. 55,344,690 shares of the company were exchanged, compared to its average volume of 42,108,448. The stock has a 50-day moving average price of $165.02 and a 200 day moving average price of $129.33. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The stock has a market cap of $255.42 billion, a PE ratio of 90.45, a price-to-earnings-growth ratio of 1.85 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm's quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.