Fiduciary Alliance LLC Has $1.15 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Fiduciary Alliance LLC increased its investment in Advanced Micro Devices, Inc. by 140.4% in the second quarter, acquiring a total of 8,091 shares valued at approximately $1.15 million.
• Numerous institutional investors have also made significant acquisitions in AMD, with 71.34% of the company's stock held by these investors.
• Wall Street analysts show a strong positive outlook for AMD, with the consensus average price target set at $180.88, reflecting a mix of ratings that include three Strong Buy and twenty-one Buy ratings.

Fiduciary Alliance LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 140.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,091 shares of the semiconductor manufacturer's stock after buying an additional 4,725 shares during the quarter. Fiduciary Alliance LLC's holdings in Advanced Micro Devices were worth $1,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parisi Gray Wealth Management acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $343,000. Davis Investment Partners LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $736,000. Modern Wealth Management LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $644,000. Geneos Wealth Management Inc. lifted its stake in shares of Advanced Micro Devices by 18.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 15,219 shares of the semiconductor manufacturer's stock valued at $1,564,000 after purchasing an additional 2,422 shares during the period. Finally, Doliver Advisors LP acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $386,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMD. Truist Financial raised Advanced Micro Devices from a "hold" rating to a "buy" rating and boosted their price objective for the company from $173.00 to $213.00 in a research note on Tuesday, August 26th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Benchmark upped their price target on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Finally, Evercore ISI upped their price target on Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $180.88.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $160.46 on Wednesday. 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 stock has a 50 day moving average price of $164.11 and a two-hundred day moving average price of $128.13. The firm has a market capitalization of $260.40 billion, a P/E ratio of 92.22, a P/E/G ratio of 1.90 and a beta of 1.92. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65.

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

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 270,198 shares of company stock valued at $44,183,576. Company insiders own 0.06% of the company's stock.

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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