Carr Financial Group Corp Buys 3,428 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Carr Financial Group Corp increased its stake in Advanced Micro Devices, Inc. by 92.5% during the 2nd quarter, acquiring an additional 3,428 shares, bringing its total holdings to 7,132 shares valued at approximately $1,012,000.
• Analysts have mixed views on AMD, with price targets ranging from $110.00 to $190.00, and the stock receiving a consensus rating of "Moderate Buy" with an average price target of $180.88.
• Recently, insiders have sold a significant number of shares, with one EVP selling 17,200 shares valued at approximately $2.77 million, leading to a decrease in their ownership position.

Carr Financial Group Corp increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 92.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,132 shares of the semiconductor manufacturer's stock after acquiring an additional 3,428 shares during the quarter. Carr Financial Group Corp's holdings in Advanced Micro Devices were worth $1,012,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMD. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $343,000. Davis Investment Partners LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth about $736,000. Sivia Capital Partners LLC raised 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 acquiring an additional 2,970 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Advanced Micro Devices by 151.3% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock valued at $799,000 after purchasing an additional 3,388 shares in the last quarter. Finally, Modern Wealth Management LLC purchased a new stake in Advanced Micro Devices during the first quarter worth $644,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AMD. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Stifel Nicolaus lifted their target price on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Evercore ISI boosted their price objective on Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Piper Sandler upped their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Stock Up 0.7%

Shares of NASDAQ:AMD opened at $160.90 on Wednesday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm's 50-day simple moving average is $165.40 and its 200-day simple moving average is $130.18. The company has a market cap of $261.11 billion, a price-to-earnings ratio of 92.47, a PEG ratio of 1.88 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the company earned $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 research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the company's 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 completion of the sale, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 270,198 shares of company stock valued at $44,183,576. Company insiders own 0.06% of the company's stock.

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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