NorthRock Partners LLC Buys 2,296 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• NorthRock Partners LLC increased its stake in Advanced Micro Devices, Inc. by 7.9% during the second quarter, acquiring an additional 2,296 shares, bringing its total holdings to 31,330 shares valued at approximately $4.45 million.
• Several analysts upgraded their ratings on AMD, with Melius moving from "hold" to "buy" with a price target of $175.00, while Barclays set a new price objective of $300.00, leading to strong investor interest.
• Despite positive revenue growth of 31.7% year-over-year, AMD missed earnings estimates with $0.48 EPS compared to the consensus $0.54 EPS, leading to a recent decrease in stock value by 7.8%.

NorthRock Partners LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,330 shares of the semiconductor manufacturer's stock after acquiring an additional 2,296 shares during the quarter. NorthRock Partners LLC's holdings in Advanced Micro Devices were worth $4,446,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its stake in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 208 shares during the last quarter. West Branch Capital LLC raised its holdings in shares of Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 214 shares during the period. High Note Wealth LLC raised its holdings in shares of Advanced Micro Devices by 285.5% in the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 197 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares during the period. Finally, American Capital Advisory LLC raised its holdings in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a report on Monday, June 23rd. HSBC reduced their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday, September 9th. Jefferies Financial Group set a $300.00 price objective on Advanced Micro Devices and gave the stock a "positive" rating in a report on Monday, October 6th. Barclays raised their price objective on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Finally, Dbs Bank upgraded Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $219.52.

Advanced Micro Devices Stock Down 7.8%

Shares of NASDAQ AMD opened at $214.76 on Monday. 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 capitalization of $348.52 billion, a PE ratio of 123.42, a price-to-earnings-growth ratio of 2.52 and a beta of 1.90. The stock's fifty day simple moving average is $170.33 and its two-hundred day simple moving average is $137.63. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $240.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) 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 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 period last year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares of the company's stock, valued at $51,416,785.98. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares of the company's stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,316 shares of company stock worth $45,203,045. 0.06% of the stock is currently owned by corporate insiders.

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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