Pittenger & Anderson Inc. Acquires New Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Pittenger & Anderson Inc. acquired 1,540 shares of Advanced Micro Devices, Inc. (AMD) valued at approximately $219,000 as part of their new stake in the second quarter.
• Advanced Micro Devices reported earnings of $0.48 per share, missing expectations, despite a 31.7% year-over-year revenue increase to $7.69 billion.
• Several major institutional investors, including Goldman Sachs and T. Rowe Price, have significantly increased their stakes in AMD, showcasing strong institutional confidence in the company's future.

Pittenger & Anderson Inc. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,540 shares of the semiconductor manufacturer's stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at $958,422,000. Goldman Sachs Group Inc. boosted its position in shares of Advanced Micro Devices by 169.7% during the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after buying an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after buying an additional 5,915,185 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC boosted its position in shares of Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after buying an additional 4,133,785 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $238.03 on Wednesday. The company has a market capitalization of $386.29 billion, a PE ratio of 136.80, a price-to-earnings-growth ratio of 2.20 and a beta of 1.90. 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 business's fifty day moving average is $178.59 and its 200 day moving average is $143.81. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $242.88.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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%. Advanced Micro Devices's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the company a "buy" rating in a research report on Monday, October 6th. Melius Research set a $300.00 price target on Advanced Micro Devices in a research note on Monday, October 6th. Weiss Ratings downgraded Advanced Micro Devices from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $233.94.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the sale, the executive vice president directly owned 313,848 shares of the company's stock, valued at $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,118 shares of company stock valued at $46,180,719 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

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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