Puzo Michael J Has $9.56 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Puzo Michael J reduced its stake in Advanced Micro Devices, Inc. by 13.8%, owning approximately $9.56 million in shares after selling 10,766 shares in the second quarter.
• Institutional investors now own 71.34% of the company’s stock, with several firms, including Sivia Capital Partners and Fragasso Financial Advisors, significantly increasing their stakes.
• Raymond James Financial raised their price target for AMD from $120.00 to $200.00, indicating strong investor confidence with a current average price target of $213.00.

Puzo Michael J lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,366 shares of the semiconductor manufacturer's stock after selling 10,766 shares during the period. Advanced Micro Devices accounts for about 2.7% of Puzo Michael J's portfolio, making the stock its 16th biggest holding. Puzo Michael J's holdings in Advanced Micro Devices were worth $9,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wise Wealth Partners acquired a new position in Advanced Micro Devices in the 2nd quarter worth about $343,000. Parisi Gray Wealth Management acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $343,000. Davis Investment Partners LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $736,000. Sivia Capital Partners LLC increased its stake in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after buying an additional 2,970 shares during the period. Finally, Fragasso Financial Advisors Inc increased its stake in shares of Advanced Micro Devices by 151.3% in the second quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock valued at $799,000 after buying an additional 3,388 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Raymond James Financial increased their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein increased their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. HSBC decreased their price target on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, September 9th. Barclays increased their price target on Advanced Micro Devices from $200.00 to $300.00 and gave the company an "overweight" rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $213.00.

Advanced Micro Devices Stock Up 3.8%

Shares of Advanced Micro Devices stock opened at $211.51 on Wednesday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $226.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The stock's 50-day moving average is $167.22 and its 200 day moving average is $135.02. The firm has a market cap of $343.25 billion, a price-to-earnings ratio of 121.56, a PEG ratio of 2.40 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 272,448 shares of company stock worth $44,554,848 in the last three months. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Company 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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