Park Avenue Securities LLC Acquires New Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Park Avenue Securities LLC invested approximately $7.20 million in Advanced Micro Devices, Inc. (NASDAQ: AMD) by acquiring 50,704 shares during the 2nd quarter.
• Advanced Micro Devices reported Q2 earnings showing $0.48 EPS, missing estimates by $0.06, but achieved $7.69 billion in revenue, surpassing expectations.
• Analysts have set a consensus price target of $180.88 for AMD, with several upgrades in ratings reflecting strong interest in the stock.

Park Avenue Securities LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,704 shares of the semiconductor manufacturer's stock, valued at approximately $7,195,000.

Other hedge funds have also bought and sold shares of the company. Palacios Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 29.9% in the second quarter. Palacios Wealth Management LLC now owns 11,473 shares of the semiconductor manufacturer's stock worth $1,628,000 after buying an additional 2,643 shares in the last quarter. Vanguard Capital Wealth Advisors bought a new position in shares of Advanced Micro Devices in the second quarter worth approximately $220,000. Petredis Investment Advisors LLC boosted its position in shares of Advanced Micro Devices by 1.1% in the second quarter. Petredis Investment Advisors LLC now owns 39,866 shares of the semiconductor manufacturer's stock worth $5,657,000 after purchasing an additional 439 shares during the period. Wealth Management Partners LLC boosted its position in shares of Advanced Micro Devices by 5.2% in the second quarter. Wealth Management Partners LLC now owns 10,825 shares of the semiconductor manufacturer's stock worth $1,459,000 after purchasing an additional 533 shares during the period. Finally, Congress Park Capital LLC boosted its position in shares of Advanced Micro Devices by 69.1% during the second quarter. Congress Park Capital LLC now owns 9,425 shares of the semiconductor manufacturer's stock worth $1,337,000 after acquiring an additional 3,850 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $2.40 during midday trading on Monday, reaching $159.79. 46,402,872 shares of the company were exchanged, compared to its average volume of 42,680,920. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a market capitalization of $259.31 billion, a price-to-earnings ratio of 91.83, a P/E/G ratio of 1.85 and a beta of 1.92. The firm's 50-day simple moving average is $165.29 and its 200-day simple moving average is $129.96. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its 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). 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 in the previous year, the firm posted $0.69 EPS. 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. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm's 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 270,198 shares of company stock worth $44,183,576. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several research reports. DZ Bank upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective for the company in a research report on Thursday, August 7th. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a report on Monday, June 23rd. Finally, Jefferies Financial Group boosted their price target on shares of Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $180.88.

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.