Phoenix Financial Ltd. Has $7.10 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Phoenix Financial Ltd. increased its stake in Advanced Micro Devices (AMD) by 15.9%, owning 50,038 shares valued at $7.1 million after acquiring additional shares in the second quarter.
• Multiple hedge funds, including Avidian Wealth Enterprises and Journey Advisory Group, have also recently increased their holdings in AMD, reflecting growing institutional interest.
• Analysts are optimistic about AMD, with price targets raised significantly, ranging from $240 to $300, and a consensus rating of "Moderate Buy".

Phoenix Financial Ltd. boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,038 shares of the semiconductor manufacturer's stock after acquiring an additional 6,848 shares during the period. Phoenix Financial Ltd.'s holdings in Advanced Micro Devices were worth $7,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Avidian Wealth Enterprises LLC increased its stake in Advanced Micro Devices by 85.6% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 5,181 shares of the semiconductor manufacturer's stock worth $735,000 after acquiring an additional 2,390 shares during the period. Journey Advisory Group LLC increased its stake in Advanced Micro Devices by 6.0% during the 2nd quarter. Journey Advisory Group LLC now owns 5,298 shares of the semiconductor manufacturer's stock worth $752,000 after acquiring an additional 300 shares during the period. First Interstate Bank bought a new position in Advanced Micro Devices during the 2nd quarter worth $230,000. Drive Wealth Management LLC increased its stake in Advanced Micro Devices by 11.9% during the 2nd quarter. Drive Wealth Management LLC now owns 4,538 shares of the semiconductor manufacturer's stock worth $644,000 after acquiring an additional 481 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth $44,000. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. UBS Group raised their price objective on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Barclays raised their price objective on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. Stifel Nicolaus set a $240.00 price objective on Advanced Micro Devices in a research note on Monday, October 6th. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, October 8th. Finally, Bank of America lifted their price target on Advanced Micro Devices from $250.00 to $300.00 and gave the company a "buy" rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $233.94.

Insider Activity at Advanced Micro Devices

In related news, 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 transaction of $648,196.68. Following the sale, the senior vice president owned 9,033 shares of the company's stock, valued at $2,041,548.33. This trade represents a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the firm'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 sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,118 shares of company stock worth $46,180,719 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 3.2%

NASDAQ AMD opened at $240.56 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $242.88. The company has a market cap of $390.39 billion, a price-to-earnings ratio of 138.25, a price-to-earnings-growth ratio of 2.32 and a beta of 1.90. The business's fifty day moving average is $177.32 and its 200 day moving average is $143.15.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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 net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the business earned $0.69 EPS. The company's revenue 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, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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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