ABLE Financial Group LLC Purchases New Stake in Advanced Micro Devices, Inc. $AMD

ABLE Financial Group LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,411 shares of the semiconductor manufacturer’s stock, valued at approximately $200,000.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC bought a new stake in Advanced Micro Devices during the second quarter valued at $958,422,000. Goldman Sachs Group Inc. increased its stake in Advanced Micro Devices by 169.7% during 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 purchasing an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Advanced Micro Devices by 131.5% during 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 purchasing an additional 5,915,185 shares during the last quarter. Nuveen LLC bought a new stake in Advanced Micro Devices during the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC increased its stake in Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after purchasing an additional 4,133,785 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMD. Piper Sandler boosted 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. Seaport Res Ptn lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Bank of America boosted 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. Erste Group Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, TD Cowen upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Three equities 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.88.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $159.79 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $165.29 and a 200-day moving average of $129.96. The firm has a market cap of $259.31 billion, a price-to-earnings ratio of 91.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share 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 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 business’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on 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 in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is currently owned by insiders.

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.