Merit Financial Group LLC Has $5.39 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Merit Financial Group LLC increased its stake in Advanced Micro Devices by 10.5%, bringing its total holdings to approximately $5.39 million as of the second quarter.
• Advanced Micro Devices reported earnings per share of $0.48 for the last quarter, falling short of analysts' expectations of $0.54, despite a revenue increase of 31.7% year-over-year.
• Institutional investors now own 71.34% of Advanced Micro Devices' stock, indicating strong interest from major financial players in the semiconductor manufacturer.

Merit Financial Group LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 37,959 shares of the semiconductor manufacturer's stock after purchasing an additional 3,620 shares during the quarter. Merit Financial Group LLC's holdings in Advanced Micro Devices were worth $5,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares during the period. Procyon Advisors LLC boosted its position in shares of Advanced Micro Devices by 14.0% during the 1st quarter. Procyon Advisors LLC now owns 5,058 shares of the semiconductor manufacturer's stock valued at $520,000 after purchasing an additional 621 shares in the last quarter. UMB Bank n.a. grew its stake in Advanced Micro Devices by 4.7% during the first quarter. UMB Bank n.a. now owns 14,463 shares of the semiconductor manufacturer's stock worth $1,486,000 after purchasing an additional 646 shares during the period. Finally, Capital Investment Advisors LLC increased its holdings in Advanced Micro Devices by 16.3% in the first quarter. Capital Investment Advisors LLC now owns 14,954 shares of the semiconductor manufacturer's stock worth $1,536,000 after purchasing an additional 2,092 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $203.71 on Tuesday. The company has a fifty day moving average price of $166.54 and a 200-day moving average price of $134.48. The firm has a market cap of $330.59 billion, a price-to-earnings ratio of 117.07, a PEG ratio of 1.94 and a beta of 1.90. 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, Inc. has a 1 year low of $76.48 and a 1 year high of $226.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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). 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 analysts' expectations of $7.41 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The firm'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. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho increased their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Evercore ISI lifted their price target on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. TD Cowen upped their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, HSBC reduced their target price on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $198.30.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the sale, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock worth $44,554,848 in the last quarter. 0.06% of the stock is owned by corporate insiders.

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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