Principle Wealth Partners LLC Purchases 1,871 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Principle Wealth Partners LLC increased its stake in Advanced Micro Devices, Inc. by 77.5% in Q2, acquiring an additional 1,871 shares, bringing its total holdings to 4,285 shares valued at approximately $608,000.
• Several other institutional investors also modified their holdings in AMD during the same period, with significant new stakes from firms like Wise Wealth Partners and Davis Investment Partners.
• Analysts have raised their price targets for AMD, with Wells Fargo increasing it to $275.00 and a consensus rating of "Moderate Buy" along with a consensus price target of $233.94.

Principle Wealth Partners LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 77.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,285 shares of the semiconductor manufacturer's stock after acquiring an additional 1,871 shares during the quarter. Principle Wealth Partners LLC's holdings in Advanced Micro Devices were worth $608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wise Wealth Partners bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $343,000. Parisi Gray Wealth Management bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $343,000. Davis Investment Partners LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $736,000. REAP Financial Group LLC increased its stake in shares of Advanced Micro Devices by 16.9% in the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer's stock valued at $170,000 after acquiring an additional 173 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in shares of 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 valued at $758,000 after acquiring an additional 2,970 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Ava Hahn sold 2,868 shares of the company's stock in a transaction that occurred 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 in the company, valued at $2,041,548.33. This represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares in the company, 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. Over the last quarter, insiders have sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price target on Advanced Micro Devices from $185.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Morgan Stanley boosted their price objective on Advanced Micro Devices from $168.00 to $246.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. Mizuho boosted their price objective on Advanced Micro Devices from $205.00 to $275.00 and gave the company an "outperform" rating in a research report on Monday, October 13th. Rosenblatt Securities boosted their price objective on Advanced Micro Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $233.94.

Advanced Micro Devices Trading Up 2.1%

NASDAQ:AMD opened at $234.99 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $242.88. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $180.58 and a two-hundred day moving average price of $145.45. The company has a market cap of $381.35 billion, a P/E ratio of 135.05, a price-to-earnings-growth ratio of 2.10 and a beta of 1.90.

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 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 analyst estimates of $7.41 billion. During the same period last year, the company 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, 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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