Palumbo Wealth Management LLC Acquires New Shares in Advanced Micro Devices, Inc. $AMD

Key Points

• Palumbo Wealth Management LLC has acquired nearly 10,000 shares of Advanced Micro Devices, Inc. (AMD), valued at approximately $1.41 million, during the second quarter.
• Analyst ratings for AMD show a consensus set at a "Moderate Buy" with a price target averaging $180.88, reflecting mixed updates from multiple brokerages.
• Insider transactions included significant sales by executives Mark D. Papermaster and Paul Darren Grasby, who sold a combined total of over $4.5 million in shares within the last quarter.

Palumbo Wealth Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,934 shares of the semiconductor manufacturer's stock, valued at approximately $1,410,000.

Several other large investors also recently bought and sold shares of AMD. McAdam LLC increased its position in shares of Advanced Micro Devices by 26.3% in the second quarter. McAdam LLC now owns 4,361 shares of the semiconductor manufacturer's stock valued at $619,000 after buying an additional 907 shares in the last quarter. Cora Capital Advisors LLC grew its stake in Advanced Micro Devices by 3.4% in the 2nd quarter. Cora Capital Advisors LLC now owns 7,964 shares of the semiconductor manufacturer's stock valued at $1,130,000 after acquiring an additional 261 shares during the last quarter. BostonPremier Wealth LLC purchased a new position in Advanced Micro Devices during the 2nd quarter valued at about $292,000. North Star Investment Management Corp. raised its position in Advanced Micro Devices by 0.8% during the second quarter. North Star Investment Management Corp. now owns 38,270 shares of the semiconductor manufacturer's stock worth $5,431,000 after acquiring an additional 290 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 16.5% in the second quarter. TD Private Client Wealth LLC now owns 6,686 shares of the semiconductor manufacturer's stock valued at $949,000 after purchasing an additional 948 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMD. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Raymond James Financial raised their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Erste Group Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. Jefferies Financial Group increased their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Finally, Susquehanna boosted their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 270,198 shares of company stock valued at $44,183,576. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 0.0%

Shares of AMD stock opened at $160.88 on Thursday. The firm's 50-day simple moving average is $165.42 and its 200-day simple moving average is $130.39. 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 $186.65. The firm has a market cap of $261.08 billion, a P/E ratio of 92.46, a PEG ratio of 1.90 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 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 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 business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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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