Ariose Capital Management Ltd purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,500 shares of the semiconductor manufacturer's stock, valued at approximately $7,024,000. Advanced Micro Devices comprises about 4.5% of Ariose Capital Management Ltd's portfolio, making the stock its 7th largest holding.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parisi Gray Wealth Management purchased a new position in shares of Advanced Micro Devices during the 2nd quarter worth about $343,000. Davis Investment Partners LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $736,000. Sivia Capital Partners LLC grew its stake in shares of Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after buying an additional 2,970 shares during the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Advanced Micro Devices by 151.3% in the second quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock worth $799,000 after buying an additional 3,388 shares during the period. Finally, Modern Wealth Management LLC bought a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $644,000. Hedge funds and other institutional investors own 71.34% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on AMD. Erste Group Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. HSBC reduced their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a research note on Tuesday, September 9th. Barclays boosted their price objective on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. DZ Bank raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price on the stock in a research report on Thursday, August 7th. Finally, Citigroup boosted their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Friday, July 18th. 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 issued a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $180.88.
Check Out Our Latest Research Report on AMD
Advanced Micro Devices Price Performance
NASDAQ AMD opened at $159.46 on Friday. The company has a market cap of $258.78 billion, a PE ratio of 91.64, a P/E/G ratio of 1.88 and a beta of 1.92. The firm's 50 day moving average price is $165.48 and its 200-day moving average price is $131.48. 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 $186.65.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Insider Buying and Selling
In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the business's stock in a transaction dated 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 directly owned 311,598 shares in the company, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction 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. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock worth $44,554,848 in the last three months. 0.06% of the stock is owned by company insiders.
About Advanced Micro Devices
(
Free Report)
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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