Avondale Wealth Management Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Avondale Wealth Management has increased its stake in Advanced Micro Devices, Inc. (AMD) by 15.6%, now holding 12,200 shares valued at approximately $1.73 million.
• Several analysts have positive ratings on AMD, with price targets raised to as high as $200.00, reflecting strong investor confidence.
• In the recent quarter, AMD reported earnings per share (EPS) of $0.48, falling short of estimates, though revenue increased by 31.7% year-over-year.

Avondale Wealth Management raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,200 shares of the semiconductor manufacturer's stock after acquiring an additional 1,650 shares during the quarter. Advanced Micro Devices makes up 1.0% of Avondale Wealth Management's holdings, making the stock its 17th largest holding. Avondale Wealth Management's holdings in Advanced Micro Devices were worth $1,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices during the 2nd quarter valued at about $343,000. Davis Investment Partners LLC purchased a new position in Advanced Micro Devices during the 2nd quarter worth $736,000. Sivia Capital Partners LLC raised its position in Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after purchasing an additional 2,970 shares in the last quarter. Fragasso Financial Advisors Inc grew its position in shares of Advanced Micro Devices by 151.3% during the 2nd 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 in the last quarter. Finally, Modern Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter worth $644,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on AMD shares. Rosenblatt Securities restated a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Piper Sandler boosted their price target on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped 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. Citigroup lifted their price objective on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

Advanced Micro Devices Stock Down 1.1%

Shares of Advanced Micro Devices stock opened at $159.46 on Monday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The company has a market cap of $258.78 billion, a P/E ratio of 91.64, a PEG ratio of 1.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a fifty day moving average of $165.48 and a two-hundred day moving average of $131.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company's revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 125,505 shares of the company's stock, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock valued at $44,554,848 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

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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