Pinion Investment Advisors LLC Buys New Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Pinion Investment Advisors LLC purchased a new position in Advanced Micro Devices (AMD), acquiring 2,760 shares valued at approximately $392,000 in the second quarter of the year.
• Insider selling was reported, with EVP Forrest Eugene Norrod selling 17,200 shares worth about $2.77 million, decreasing his ownership by 5.20%.
• A number of analysts have raised their target prices for AMD, with Truist Financial increasing their target from $213 to $273, while the consensus target price now stands at $217.70.

Pinion Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,760 shares of the semiconductor manufacturer's stock, valued at approximately $392,000.

A number of other large investors have also modified their holdings of AMD. Wise Wealth Partners acquired a new position in Advanced Micro Devices in the second quarter valued at $343,000. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices in the second quarter valued at about $343,000. Davis Investment Partners LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $736,000. REAP Financial Group LLC grew its holdings in shares of Advanced Micro Devices by 16.9% during the second quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer's stock valued at $170,000 after purchasing an additional 173 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after buying an additional 2,970 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the firm's 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,316 shares of company stock valued at $45,203,045. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Dbs Bank raised Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a research note on Monday. Sanford C. Bernstein increased their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Truist Financial reaffirmed a "buy" rating and issued a $273.00 price target (up from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday. Erste Group Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Citigroup increased their target price on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $217.70.

Advanced Micro Devices Stock Down 1.1%

AMD opened at $232.89 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $240.10. 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 company has a market cap of $377.94 billion, a PE ratio of 133.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.90. The company has a 50 day moving average of $169.47 and a 200 day moving average of $136.53.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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). The company had revenue of $7.69 billion for 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 business's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect 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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