Mutual Advisors LLC Boosts Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Mutual Advisors LLC has increased its shares in Advanced Micro Devices (AMD) by 5.6%, now holding 58,805 shares valued at $8.34 million.
• Institutional investors own 71.34% of AMD's stock, with notable purchases from firms like Goldman Sachs and T. Rowe Price, reflecting increased confidence in the company.
• Despite missing earnings expectations, AMD's revenue grew by 31.7% year-over-year, indicating strong performance amidst market fluctuations.

Mutual Advisors LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,805 shares of the semiconductor manufacturer's stock after buying an additional 3,101 shares during the period. Mutual Advisors LLC's holdings in Advanced Micro Devices were worth $8,344,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC purchased a new position in shares of Advanced Micro Devices in the second quarter valued at $958,422,000. Goldman Sachs Group Inc. lifted its position in Advanced Micro Devices by 169.7% during 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. grew its stake in shares of Advanced Micro Devices by 131.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock worth $1,069,846,000 after buying an additional 5,915,185 shares in the last quarter. Nuveen LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth about $436,746,000. Finally, Parnassus Investments LLC raised its position in shares of Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after buying an additional 4,133,785 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Seaport Res Ptn lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, October 8th. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Jefferies Financial Group set a $300.00 price target on Advanced Micro Devices and gave the stock a "positive" rating in a research report on Monday, October 6th. Finally, Stifel Nicolaus set a $240.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $224.97.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,318 shares of company stock worth $42,412,815 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $218.09 on Wednesday. The firm's 50 day simple moving average is $172.00 and its 200-day simple moving average is $138.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $240.10. The firm has a market cap of $353.93 billion, a PE ratio of 125.34, a price-to-earnings-growth ratio of 2.54 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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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