City Center Advisors LLC Acquires New Position in Advanced Micro Devices, Inc. $AMD

Key Points

• City Center Advisors LLC has acquired a new stake in Advanced Micro Devices, Inc. (AMD), purchasing 3,667 shares valued at approximately $520,000 during the second quarter.
• AMD's share price increased by 1.9%, with the stock opening at $158.57 and showing a market capitalization of $257.33 billion.
• Analysts predict strong performance for AMD, with multiple firms raising their target prices, resulting in a consensus rating of Moderate Buy and an average target price of $180.88.

City Center Advisors LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,667 shares of the semiconductor manufacturer's stock, valued at approximately $520,000.

Other hedge funds have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC boosted its stake in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares during the period. Kozak & Associates Inc. boosted its stake in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Investors Research Corp boosted its stake in Advanced Micro Devices by 117.9% during the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 1.9%

Shares of Advanced Micro Devices stock opened at $158.57 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The company has a 50 day moving average of $163.13 and a 200 day moving average of $127.12. 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 company has a market capitalization of $257.33 billion, a P/E ratio of 91.13, a P/E/G ratio of 1.83 and a beta of 1.92.

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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm's revenue was up 31.7% compared to the same quarter last year. 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 EPS for the current fiscal year.

Insider Activity

In related news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders have sold 270,198 shares of company stock worth $44,183,576 over the last three months. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMD shares. Raymond James Financial increased their target price on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their target price for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wedbush reissued a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Finally, Benchmark raised their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

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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