Veracity Capital LLC Takes Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Veracity Capital LLC has acquired 1,582 shares of Advanced Micro Devices, Inc. (AMD), valued at approximately $224,000, marking its new stake in the semiconductor company in the second quarter.
• Several large investors have significantly increased their stakes in AMD, with Goldman Sachs Group Inc. boosting its position by 169.7%, now owning over $1 billion worth of shares.
• AMD's recent quarterly earnings report showed a revenue of $7.69 billion, surpassing estimates, but it reported an EPS of $0.48, falling short of the expected $0.54.

Veracity Capital LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,582 shares of the semiconductor manufacturer's stock, valued at approximately $224,000.

A number of other large investors also recently modified their holdings of AMD. Goldman Sachs Group Inc. boosted its position in shares of Advanced Micro Devices by 169.7% in 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 acquiring an additional 6,200,850 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Advanced Micro Devices by 131.5% in 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 acquiring an additional 5,915,185 shares during the period. Nuveen LLC bought a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $436,746,000. Parnassus Investments LLC boosted its position in shares of Advanced Micro Devices by 47,883.5% in the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after acquiring an additional 4,133,785 shares during the period. Finally, Deutsche Bank AG raised its stake in Advanced Micro Devices by 27.9% in the first quarter. Deutsche Bank AG now owns 10,175,532 shares of the semiconductor manufacturer's stock valued at $1,045,434,000 after purchasing an additional 2,221,905 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the sale, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 0.4%

AMD stock opened at $160.46 on Wednesday. The company has a market capitalization of $260.40 billion, a PE ratio of 92.22, a price-to-earnings-growth ratio of 1.90 and a beta of 1.92. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The company's 50 day moving average price is $164.11 and its two-hundred day moving average price is $128.13. 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 posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 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 analysts' expectations 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 last year, the business posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMD. Piper Sandler raised their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their target price for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Bank of America raised their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, Evercore ISI raised their target price on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

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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