Chicago Partners Investment Group LLC Sells 1,511 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Chicago Partners Investment Group LLC reduced its holdings in Advanced Micro Devices, Inc. by 1.9%, selling 1,511 shares in the second quarter, leaving them with 76,174 shares valued at approximately $10.8 million.
• In the first quarter, several institutional investors, including Vanguard Group and T. Rowe Price, increased their stakes in AMD, reflecting a growing interest from the investment community.
• Equities analysts have issued various positive ratings for AMD, with Morgan Stanley raising its target price to $246.00 and Piper Sandler setting a price objective of $240.00, contributing to a consensus rating of "Moderate Buy".

Chicago Partners Investment Group LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,174 shares of the semiconductor manufacturer's stock after selling 1,511 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Advanced Micro Devices were worth $10,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Advanced Micro Devices by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock valued at $15,654,222,000 after purchasing an additional 2,157,199 shares in the last quarter. Amundi grew its position in shares of Advanced Micro Devices by 8.0% in the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock worth $1,677,014,000 after buying an additional 1,319,064 shares during the period. Invesco Ltd. increased its stake in shares of Advanced Micro Devices by 4.0% in the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock worth $1,214,285,000 after acquiring an additional 450,695 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Advanced Micro Devices by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock valued at $1,083,815,000 after acquiring an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock worth $1,069,846,000 after acquiring an additional 5,915,185 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMD shares. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the company an "equal weight" rating in a report on Tuesday, October 7th. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Piper Sandler restated an "overweight" rating and set a $240.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. TD Cowen lifted their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Rosenblatt Securities increased their price target on Advanced Micro Devices from $200.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $233.94.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 12th. The stock was 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. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the business's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 274,118 shares of company stock valued at $46,180,719. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 0.6%

AMD opened at $233.08 on Friday. The firm's 50 day simple moving average is $175.96 and its two-hundred day simple moving average is $141.73. The company has a market capitalization of $378.25 billion, a PE ratio of 133.95, a PEG ratio of 2.32 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $241.20. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate 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 company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter last year, the company earned $0.69 earnings per share. The company's revenue for the quarter 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 forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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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