Klingman & Associates LLC Invests $377,000 in Advanced Micro Devices, Inc. $AMD

Key Points

• Klingman & Associates LLC has invested approximately $377,000 in Advanced Micro Devices, Inc. (AMD), acquiring 2,654 shares in the second quarter.
• Several hedge funds have significantly increased their stakes in AMD, with Farmers & Merchants Trust Co raising its position by 277.8% during the first quarter.
• Analysts have set optimistic price targets for AMD, with Wolfe Research and Bank of America forecasting targets of $300.00 and $300.00 respectively, reflecting strong market confidence.

Klingman & Associates LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,654 shares of the semiconductor manufacturer's stock, valued at approximately $377,000.

A number of other hedge funds also recently modified their holdings of AMD. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC raised its position in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Dogwood Wealth Management LLC raised its position in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock valued at $30,000 after buying an additional 208 shares during the last quarter. West Branch Capital LLC raised its position in Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 214 shares during the last quarter. Finally, Bear Mountain Capital Inc. raised its position in Advanced Micro Devices by 75.0% in the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMD. Wolfe Research set a $300.00 target price on Advanced Micro Devices and gave the company an "outperform" rating in a research report on Tuesday, October 14th. Morgan Stanley lifted their target price on Advanced Micro Devices from $168.00 to $246.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, October 8th. Finally, Bank of America lifted their target price on Advanced Micro Devices from $250.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $233.94.

Insider Buying and Selling at Advanced Micro Devices

In related news, 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 transaction of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,118 shares of company stock worth $46,180,719 in the last three months. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 1.1%

NASDAQ:AMD opened at $238.03 on Wednesday. The firm has a market capitalization of $386.29 billion, a price-to-earnings ratio of 136.80, a price-to-earnings-growth ratio of 2.20 and a beta of 1.90. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $242.88. The stock's 50 day moving average price is $178.59 and its two-hundred day moving average price is $143.81. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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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