LCM Capital Management Inc Purchases 2,072 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• LCM Capital Management Inc increased its stake in Advanced Micro Devices by 24.6%, acquiring an additional 2,072 shares, bringing its total to 10,479 shares worth approximately $1.49 million.
• In the second quarter, several other hedge funds also made moves with AMD shares, with significant increases in stakes by Sivia Capital Partners and Fragasso Financial Advisors, contributing to institutional ownership of 71.34%.
• Advanced Micro Devices reported $7.69 billion in revenue for the last quarter, surpassing estimates, but posted an earnings per share (EPS) of $0.48, which missed expectations by $0.06.

LCM Capital Management Inc raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,479 shares of the semiconductor manufacturer's stock after purchasing an additional 2,072 shares during the quarter. Advanced Micro Devices accounts for about 0.8% of LCM Capital Management Inc's holdings, making the stock its 24th biggest holding. LCM Capital Management Inc's holdings in Advanced Micro Devices were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices during the second quarter valued at approximately $343,000. Davis Investment Partners LLC purchased a new position in shares of Advanced Micro Devices in the second quarter worth $736,000. Sivia Capital Partners LLC increased its stake in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after buying an additional 2,970 shares during the period. Fragasso Financial Advisors Inc increased its stake in shares of Advanced Micro Devices by 151.3% in the second quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock worth $799,000 after buying an additional 3,388 shares during the period. Finally, Modern Wealth Management LLC bought a new stake in Advanced Micro Devices in the first quarter valued at $644,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 0.3%

AMD stock opened at $157.39 on Monday. 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. The company has a market capitalization of $255.42 billion, a price-to-earnings ratio of 90.45, a PEG ratio of 1.85 and a beta of 1.92. The business has a 50 day simple moving average of $165.02 and a two-hundred day simple moving average of $129.55.

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

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction dated 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 owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,198 shares of company stock worth $44,183,576 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMD shares. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 target price on the stock in a report on Thursday, July 10th. UBS Group boosted their target price on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 28th. Bank of America boosted their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Seaport Res Ptn cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Finally, Erste Group Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $180.88.

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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