Cullen Investment Group LTD. Has $3.29 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Cullen Investment Group LTD. increased its stake in Advanced Micro Devices (AMD) by 18.6% during the second quarter, owning 23,193 shares worth approximately $3.29 million at the end of that period.
• In recent trading, AMD's stock opened at $158.57, with a significant market cap of $257.33 billion and a 1-year price range between $76.48 and $186.65.
• Analysts have revised their ratings on AMD, with Wells Fargo raising its target price from $120 to $185 and maintaining an "overweight" rating, while Erste Group Bank downgraded AMD from "buy" to "hold."

Cullen Investment Group LTD. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,193 shares of the semiconductor manufacturer's stock after purchasing an additional 3,635 shares during the period. Cullen Investment Group LTD.'s holdings in Advanced Micro Devices were worth $3,291,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after buying an additional 29,825 shares during the period. Triumph Capital Management boosted its holdings in shares of Advanced Micro Devices by 27.2% during the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock worth $2,818,000 after buying an additional 4,992 shares during the period. Finally, Sherbrooke Park Advisers LLC boosted its holdings in shares of Advanced Micro Devices by 53.8% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 7,100 shares of the semiconductor manufacturer's stock worth $858,000 after buying an additional 2,483 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company's 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 sale, the executive vice president directly owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 270,198 shares of company stock worth $44,183,576. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $158.57 on Friday. The company has a 50 day moving average of $163.13 and a 200-day moving average of $127.12. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. 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 company has a market cap of $257.33 billion, a PE ratio of 91.13, a price-to-earnings-growth 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 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 for the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the company posted $0.69 EPS. The business'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 forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on AMD shares. Erste Group Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a report on Monday, June 23rd. Finally, Bank of America boosted their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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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