Alpha Wealth Funds LLC Acquires Shares of 3,820 Advanced Micro Devices, Inc. $AMD

Key Points

• Alpha Wealth Funds LLC acquired 3,820 shares of Advanced Micro Devices, Inc. ($AMD), valued at approximately $547,000, which makes it the 24th largest holding in their investment portfolio.
• Advanced Micro Devices recently reported $0.48 EPS for the quarter, missing analysts' estimates of $0.54, but had a revenue of $7.69 billion, exceeding expectations of $7.41 billion.
• Several institutional investors increased their positions in AMD, with Brighton Jones LLC's stake growing by 178.2% during the fourth quarter, indicating strong institutional support for the company.

Alpha Wealth Funds 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 firm bought 3,820 shares of the semiconductor manufacturer's stock, valued at approximately $547,000. Advanced Micro Devices accounts for 0.5% of Alpha Wealth Funds LLC's investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors have also modified their holdings of AMD. Brighton Jones LLC grew its position in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares during the period. GAMMA Investing LLC grew its position in shares of Advanced Micro Devices by 18.7% in the first quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer's stock valued at $2,009,000 after purchasing an additional 3,084 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of Advanced Micro Devices by 14.7% in the first quarter. Johnson Investment Counsel Inc. now owns 10,495 shares of the semiconductor manufacturer's stock valued at $1,078,000 after purchasing an additional 1,347 shares during the period. Finally, ORG Partners LLC grew its position in shares of Advanced Micro Devices by 189.9% in the first quarter. ORG Partners LLC now owns 4,520 shares of the semiconductor manufacturer's stock valued at $465,000 after purchasing an additional 2,961 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

AMD opened at $233.08 on Friday. The firm has a market capitalization of $378.25 billion, a PE ratio of 133.95, a PEG ratio of 2.32 and a beta of 1.90. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $241.20. The firm's 50-day moving average price is $175.96 and its 200 day moving average price is $141.73. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same period last year, the firm earned $0.69 earnings per share. Advanced Micro Devices's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side 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 Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president directly owned 313,848 shares of the company's stock, valued at $50,507,558.64. The trade was 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 accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,118 shares of company stock valued at $46,180,719 over the last ninety days. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMD. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Monday, June 23rd. Sanford C. Bernstein lifted their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Benchmark lifted their target price on shares of Advanced Micro Devices from $210.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, October 6th. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, October 8th. Finally, Raymond James Financial boosted their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $233.94.

About Advanced Micro Devices

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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