Blue Trust Inc. grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 59.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,450 shares of the semiconductor manufacturer's stock after acquiring an additional 2,022 shares during the period. Blue Trust Inc.'s holdings in Advanced Micro Devices were worth $773,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Wise Wealth Partners purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $343,000. Parisi Gray Wealth Management purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $343,000. Davis Investment Partners LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $736,000. REAP Financial Group LLC grew its stake in shares of Advanced Micro Devices by 16.9% in the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer's stock worth $170,000 after buying an additional 173 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after buying an additional 2,970 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Evercore ISI upped their price target on Advanced Micro Devices from $188.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research note on Monday, June 23rd. Wedbush restated a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $218.25.
Check Out Our Latest Research Report on Advanced Micro Devices
Advanced Micro Devices Stock Performance
AMD stock opened at $214.76 on Friday. The stock has a market capitalization of $348.51 billion, a PE ratio of 123.42, a price-to-earnings-growth ratio of 2.53 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $240.10. 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 stock's 50 day simple moving average is $170.33 and its 200 day simple moving average is $137.41.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction on Wednesday, September 10th. The stock was 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. This represents a 5.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction 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 directly owned 125,505 shares in the company, valued at $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. Over the last three months, insiders sold 275,316 shares of company stock worth $45,203,045. Insiders own 0.06% of the company's stock.
Advanced Micro Devices Profile
(
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.
See Also
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Advanced Micro Devices, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advanced Micro Devices wasn't on the list.
While Advanced Micro Devices currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.