Advanced Micro Devices, Inc. $AMD Shares Bought by Midwest Financial Group LLC

Key Points

• Midwest Financial Group LLC increased its stake in Advanced Micro Devices, Inc. by 6.4%, now owning 41,707 shares worth approximately $5.9 million, making it one of their largest holdings.
• Several hedge funds significantly boosted their investments in AMD during the 2nd quarter, with West Branch Capital increasing its stake by an astounding 3,057.1%.
• Advanced Micro Devices reported a Q2 earnings miss with EPS of $0.48, below the $0.54 expectation, while revenue rose to $7.69 billion, surpassing estimates and showing a 31.7% year-over-year growth.

Midwest Financial Group LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,707 shares of the semiconductor manufacturer's stock after acquiring an additional 2,509 shares during the period. Advanced Micro Devices comprises approximately 3.1% of Midwest Financial Group LLC's holdings, making the stock its 7th biggest position. Midwest Financial Group LLC's holdings in Advanced Micro Devices were worth $5,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMD. West Branch Capital LLC lifted its position in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 214 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares during the last quarter. American Capital Advisory LLC lifted 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 buying an additional 130 shares during the last quarter. Kozak & Associates Inc. lifted 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 buying an additional 123 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its position in shares of Advanced Micro Devices by 185.3% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer's stock worth $34,000 after buying an additional 215 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a research report on Thursday, July 10th. UBS Group raised their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $180.88.

Advanced Micro Devices Stock Up 0.3%

Advanced Micro Devices stock opened at $161.79 on Wednesday. The stock has a market cap of $262.56 billion, a price-to-earnings ratio of 92.98, a PEG ratio of 1.90 and a beta of 1.92. 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's 50-day moving average price is $165.71 and its two-hundred day moving average price is $132.34. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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 company 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 firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was 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 in the company, valued at $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 272,448 shares of company stock worth $44,554,848 in the last 90 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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