Kingswood Wealth Advisors LLC Sells 43,041 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in Advanced Micro Devices, Inc. by 56.4%, selling 43,041 shares and retaining 33,302 shares valued at approximately $4.73 million.
• Wall Street analysts are optimistic about AMD, with target prices raised significantly, including UBS Group increasing their price target from $150 to $210, while three equity research analysts have rated the stock as a Strong Buy.
• Despite reporting lower-than-expected earnings per share, AMD's revenue for the quarter rose by 31.7% year-over-year, totaling $7.69 billion, and the stock opened at $203.71, reflecting a 23.7% increase.

Kingswood Wealth Advisors LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 56.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,302 shares of the semiconductor manufacturer's stock after selling 43,041 shares during the period. Kingswood Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $4,726,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Slow Capital Inc. raised its stake in shares of Advanced Micro Devices by 3.8% during the 2nd quarter. Slow Capital Inc. now owns 28,342 shares of the semiconductor manufacturer's stock worth $4,022,000 after purchasing an additional 1,043 shares in the last quarter. Wise Wealth Partners acquired a new position in Advanced Micro Devices during the second quarter worth $343,000. Sachetta LLC raised its position in Advanced Micro Devices by 43.4% during the second quarter. Sachetta LLC now owns 648 shares of the semiconductor manufacturer's stock worth $92,000 after acquiring an additional 196 shares in the last quarter. Tyche Wealth Partners LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $374,000. Finally, KLP Kapitalforvaltning AS lifted its stake in Advanced Micro Devices by 3.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 581,847 shares of the semiconductor manufacturer's stock valued at $82,564,000 after purchasing an additional 16,800 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMD. Raymond James Financial lifted their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. UBS Group lifted their target price on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Seaport Res Ptn lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Finally, Bank of America increased their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $198.30.

Advanced Micro Devices Trading Up 23.7%

Shares of AMD stock opened at $203.71 on Tuesday. The stock has a 50 day simple moving average of $166.54 and a 200 day simple moving average of $134.48. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $226.71. 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 stock has a market cap of $330.59 billion, a P/E ratio of 117.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its 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 net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 272,448 shares of company stock valued at $44,554,848. 0.06% of the stock is owned by 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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