Richardson Financial Services Inc. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 324.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,917 shares of the semiconductor manufacturer's stock after purchasing an additional 2,995 shares during the quarter. Richardson Financial Services Inc.'s holdings in Advanced Micro Devices were worth $533,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock valued at $15,654,222,000 after buying an additional 2,157,199 shares during the period. Amundi raised its holdings in shares of Advanced Micro Devices by 8.0% in the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock valued at $1,677,014,000 after buying an additional 1,319,064 shares during the period. Invesco Ltd. raised its holdings in shares of Advanced Micro Devices by 4.0% in the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock valued at $1,214,285,000 after buying an additional 450,695 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Advanced Micro Devices by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock valued at $1,083,815,000 after buying an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings 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 buying an additional 5,915,185 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.
Analyst Ratings Changes
AMD has been the topic of several research analyst reports. Raymond James Financial boosted their price objective on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Wedbush reiterated a "cautious" rating on shares of Advanced Micro Devices in a report on Saturday, August 9th. Sanford C. Bernstein boosted their price objective 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. Erste Group Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Finally, Mizuho upped their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $218.25.
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Advanced Micro Devices Trading Down 7.8%
NASDAQ:AMD opened at $214.76 on Friday. The stock has a 50-day simple moving average of $170.33 and a 200-day simple moving average of $137.22. The stock has a market cap of $348.51 billion, a P/E ratio of 123.42, a P/E/G ratio of 2.74 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $240.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company's revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Insider Buying and Selling at Advanced Micro Devices
In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 275,316 shares of company stock worth $45,203,045. Corporate insiders own 0.06% of the company's stock.
About Advanced Micro Devices
(
Free Report)
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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