Commonwealth Financial Services LLC Invests $238,000 in Advanced Micro Devices, Inc. $AMD

Key Points

• Commonwealth Financial Services LLC invested $238,000 in shares of Advanced Micro Devices, acquiring 1,679 shares in the 2nd quarter.
• Advanced Micro Devices' stock has dropped 7.8% recently, with a current price of $214.76 and a market capitalization of $348.51 billion.
• Despite missing earnings expectations with $0.48 EPS, AMD reported a revenue of $7.69 billion for the quarter, exceeding analyst estimates of $7.41 billion.

Commonwealth Financial Services LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,679 shares of the semiconductor manufacturer's stock, valued at approximately $238,000.

Several other large investors have also modified their holdings of AMD. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $958,422,000. Goldman Sachs Group Inc. raised its stake in shares of Advanced Micro Devices by 169.7% during the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after purchasing an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of 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 purchasing an additional 5,915,185 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $436,746,000. Finally, Parnassus Investments LLC raised its stake in shares of Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock worth $425,592,000 after purchasing an additional 4,133,785 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 7.8%

Advanced Micro Devices stock opened at $214.76 on Friday. 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 market capitalization of $348.51 billion, a price-to-earnings 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 fifty-two week low of $76.48 and a fifty-two week high of $240.10. The stock's fifty day moving average is $170.33 and its two-hundred day moving average is $137.41.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Susquehanna increased their price objective on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on Advanced Micro Devices in a research report on Wednesday, August 6th. Erste Group Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. Rosenblatt Securities increased their price objective on Advanced Micro Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, October 7th. Finally, Mizuho increased their price objective on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.25.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares in the company, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,316 shares of company stock valued at $45,203,045. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices 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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