Westmount Partners LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Westmount Partners LLC made a new investment in Advanced Micro Devices, Inc., acquiring 1,659 shares valued at approximately $235,000 during the second quarter.
• Several hedge funds have increased their holdings in AMD, with notable increases including Sandy Cove Advisors and Activest Wealth Management lifting their stakes by 1.4% and 9.4%, respectively.
• Advanced Micro Devices reported a quarterly earnings miss with $0.48 EPS against an expected $0.54, despite revenue exceeding estimates at $7.69 billion, marking a year-over-year revenue increase of 31.7%.

Westmount Partners LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,659 shares of the semiconductor manufacturer's stock, valued at approximately $235,000.

A number of other hedge funds also recently modified their holdings of AMD. Sandy Cove Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 1.4% in the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after purchasing an additional 75 shares in the last quarter. Seaview Investment Managers LLC lifted its holdings in shares of Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of Advanced Micro Devices by 9.4% in the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock valued at $117,000 after purchasing an additional 98 shares in the last quarter. Bangor Savings Bank lifted its holdings in shares of Advanced Micro Devices by 8.4% in the second quarter. Bangor Savings Bank now owns 1,314 shares of the semiconductor manufacturer's stock valued at $186,000 after purchasing an additional 102 shares in the last quarter. Finally, Peterson Wealth Services lifted its holdings in shares of Advanced Micro Devices by 2.9% in the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares of the company's stock, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's 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 directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock worth $44,183,576 in the last three months. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $161.16 on Tuesday. The business's 50 day moving average price is $163.66 and its two-hundred day moving average price is $127.90. The company has a market cap of $261.54 billion, a PE ratio of 92.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.92. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65.

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 for the quarter, missing analysts' consensus estimates 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%.Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Citigroup boosted their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Erste Group Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a report on Wednesday, August 6th. Piper Sandler lifted their target price on Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, DZ Bank raised Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price on the stock in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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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