KG&L Capital Management LLC Has $5.04 Million Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• KG&L Capital Management LLC increased its stake in Advanced Micro Devices (AMD) by 25.1% during the second quarter, bringing its total to $5.04 million, making AMD the firm's 15th largest holding.
• Several institutional investors have significantly increased their holdings in AMD, with Goldman Sachs raising its stake by 169.7% and T. Rowe Price increasing its holdings by 131.5%.
• Analysts' ratings for AMD include three Strong Buy ratings and an average price target of $180.88, reflecting a mix of positive and cautious outlooks on the stock's performance.

KG&L Capital Management LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,510 shares of the semiconductor manufacturer's stock after purchasing an additional 7,128 shares during the quarter. Advanced Micro Devices accounts for about 1.5% of KG&L Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. KG&L Capital Management LLC's holdings in Advanced Micro Devices were worth $5,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMD. Kingstone Capital Partners Texas LLC bought a new stake in shares of Advanced Micro Devices in the second quarter worth $958,422,000. Goldman Sachs Group Inc. increased its holdings in shares of Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 131.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares during the last quarter. Nuveen LLC acquired a new position in shares of Advanced Micro Devices in the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC increased its holdings in shares of Advanced Micro Devices by 47,883.5% in the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after purchasing an additional 4,133,785 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on AMD shares. HSBC decreased their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday, September 9th. Mizuho upped their price target on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Finally, Barclays upped their price target on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Three 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $180.88.

Insider Activity at Advanced Micro Devices

In other 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 value of $1,732,100.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 272,448 shares of company stock worth $44,554,848 over the last three months. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Trading Down 1.1%

AMD opened at $159.46 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The company has a 50-day simple moving average of $165.48 and a 200 day simple moving average of $131.48. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $258.78 billion, a price-to-earnings ratio of 91.64, a P/E/G ratio of 1.88 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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). 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 in the prior year, the company earned $0.69 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. 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.

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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