Apollon Wealth Management LLC Acquires 5,054 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Apollon Wealth Management LLC increased its stake in Advanced Micro Devices, acquiring 5,054 shares to bring its total holdings to 75,841 shares, valued at approximately $10.76 million.
• Insider transactions revealed that SVP Ava Hahn sold 2,868 shares for around $648,196, representing a 24.10% decrease in her ownership, while EVP Forrest Eugene Norrod sold 2,250 shares.
• Advanced Micro Devices' stock has seen a 7.8% decline recently, with a current market cap of $348.51 billion and a PE ratio of 123.42, while analysts hold a consensus price target of $218.25 for the stock.

Apollon Wealth Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,841 shares of the semiconductor manufacturer's stock after buying an additional 5,054 shares during the quarter. Apollon Wealth Management LLC's holdings in Advanced Micro Devices were worth $10,762,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $283,000. Fifth Third Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 1.4% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 20,004 shares of the semiconductor manufacturer's stock worth $2,839,000 after purchasing an additional 277 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in Advanced Micro Devices by 324.8% during the 2nd quarter. Richardson Financial Services Inc. now owns 3,917 shares of the semiconductor manufacturer's stock worth $533,000 after purchasing an additional 2,995 shares during the last quarter. Trust Co. of Toledo NA OH raised its holdings in Advanced Micro Devices by 3.9% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 33,713 shares of the semiconductor manufacturer's stock worth $4,784,000 after purchasing an additional 1,253 shares during the last quarter. Finally, SLT Holdings LLC raised its holdings in Advanced Micro Devices by 4.3% during the 2nd quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer's stock worth $306,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares of the company's stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the firm's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the transaction, the executive vice president owned 311,598 shares in the company, valued at $51,416,785.98. This represents a 0.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 275,316 shares of company stock valued at $45,203,045. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 7.8%

Shares of Advanced Micro Devices stock opened at $214.76 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $240.10. The stock has a 50 day moving average price of $170.33 and a two-hundred day moving average price of $137.22. The stock has a market capitalization of $348.51 billion, a PE ratio of 123.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.90.

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 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 firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the business posted $0.69 EPS. The company's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMD. Seaport Res Ptn lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the company a "positive" rating in a research report on Monday. Rosenblatt Securities upped their target price on Advanced Micro Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday. Piper Sandler restated an "overweight" rating and set a $240.00 target price on shares of Advanced Micro Devices in a research report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $218.25.

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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