Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 4,719 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Empirical Wealth Management increased its stake in Advanced Micro Devices (AMD) by 18.8%, purchasing an additional 4,719 shares during the second quarter, bringing its total to 29,804 shares valued at approximately $4.23 million.
• AMD reported $0.48 EPS for the last quarter, missing estimates by $0.06, while revenues of $7.69 billion surpassed expectations of $7.41 billion and marked a 31.7% year-over-year increase.
• Following various trades, corporate insiders sold 272,448 shares valued at over $44 million in the past ninety days, demonstrating a notable shift in insider ownership.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,804 shares of the semiconductor manufacturer's stock after purchasing an additional 4,719 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Advanced Micro Devices were worth $4,229,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Greenwood Capital Associates LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth about $5,709,000. Synergy Asset Management LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth about $220,000. Cromwell Holdings LLC grew its holdings in shares of Advanced Micro Devices by 12.4% in the second quarter. Cromwell Holdings LLC now owns 5,251 shares of the semiconductor manufacturer's stock worth $745,000 after purchasing an additional 581 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth about $234,000. Finally, Trinity Legacy Partners LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth about $193,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD stock opened at $164.67 on Friday. The firm has a market cap of $267.23 billion, a price-to-earnings ratio of 94.64, a PEG ratio of 2.00 and a beta of 1.90. The firm has a 50-day simple moving average of $165.94 and a two-hundred day simple moving average of $133.43. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated 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 directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares of the company's stock, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 272,448 shares of company stock valued at $44,554,848. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on AMD. Sanford C. Bernstein upped their price target on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Morgan Stanley cut their price objective on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Finally, TD Cowen boosted their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock 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 issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $180.88.

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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