Franklin Street Advisors Inc. NC Makes New $220,000 Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Franklin Street Advisors Inc. NC has made a new investment of $220,000 in Advanced Micro Devices, Inc. (AMD), purchasing 1,551 shares during the second quarter.
• Several hedge funds increased their stakes in AMD significantly, with some showing increases as high as 3,057.1% in their positions during the second quarter.
• Advanced Micro Devices reported earnings of $0.48 EPS for the last quarter, missing estimates, but revenue was up 31.7% year-over-year at $7.69 billion.

Franklin Street Advisors Inc. NC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,551 shares of the semiconductor manufacturer's stock, valued at approximately $220,000.

Several other hedge funds also recently made changes to their positions in AMD. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% in 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 increased its position in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. increased its position in Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares during the period. Dogwood Wealth Management LLC increased its position in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 208 shares during the period. Finally, West Branch Capital LLC increased its position in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 214 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $164.67 on Friday. The stock 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's 50-day moving average is $165.94 and its 200 day moving average is $133.43. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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). The firm had revenue of $7.69 billion during 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 quarter in the previous year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMD. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Benchmark boosted 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 report on Wednesday, August 6th. DZ Bank raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective on the stock in a research report on Thursday, August 7th. Wedbush reissued a "cautious" rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $180.88.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 272,448 shares of company stock worth $44,554,848. 0.06% of the stock is currently owned by company insiders.

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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