Prime Capital Investment Advisors LLC Sells 85,939 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Prime Capital Investment Advisors LLC sold 85,939 shares of Advanced Micro Devices, Inc. (AMD), reducing its stake by 38.1%, leaving them with 139,831 shares valued at approximately $19.84 million.
• Institutional investors now own 71.34% of AMD's stock, with significant stakes acquired by firms like Kingstone Capital Partners and Goldman Sachs Group, indicating strong institutional interest in the company.
• AMD's recent earnings report showed a miss in EPS of $0.48 against a consensus estimate of $0.54, although revenue increased 31.7% year-over-year to $7.69 billion.

Prime Capital Investment Advisors LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 38.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,831 shares of the semiconductor manufacturer's stock after selling 85,939 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Advanced Micro Devices were worth $19,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC bought a new stake in Advanced Micro Devices during the second quarter valued at $958,422,000. Goldman Sachs Group Inc. raised its position in shares of Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after acquiring an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Advanced Micro Devices by 131.5% in the 1st 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 purchasing an additional 5,915,185 shares during the period. Nuveen LLC bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $436,746,000. Finally, Parnassus Investments LLC grew its stake in 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 worth $425,592,000 after purchasing an additional 4,133,785 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the transaction, the executive vice president directly owned 311,598 shares in the company, valued at $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 272,448 shares of company stock worth $44,554,848. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AMD. TD Cowen boosted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Benchmark lifted their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 target price on the stock in a research report on Thursday, July 10th. Piper Sandler increased their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Susquehanna lifted their price target 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 research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $180.88.

Advanced Micro Devices Trading Down 3.0%

NASDAQ:AMD opened at $164.67 on Monday. 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 one year low of $76.48 and a one year high of $186.65. The company has a market cap of $267.23 billion, a PE ratio of 94.64, a PEG ratio of 1.94 and a beta of 1.90. The firm has a 50-day moving average of $165.94 and a 200-day moving average of $133.80.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates 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 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices 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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