Advanced Micro Devices, Inc. $AMD Shares Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 83.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,556 shares of the semiconductor manufacturer’s stock after buying an additional 5,698 shares during the period. Sheets Smith Wealth Management’s holdings in Advanced Micro Devices were worth $1,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sandy Cove Advisors LLC lifted its stake in Advanced Micro Devices by 1.4% in the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after purchasing an additional 75 shares in the last quarter. Seaview Investment Managers LLC increased 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 during the last quarter. Tompkins Financial Corp lifted its position in Advanced Micro Devices by 30.3% during the second quarter. Tompkins Financial Corp now owns 417 shares of the semiconductor manufacturer’s stock worth $59,000 after buying an additional 97 shares in the last quarter. Activest Wealth Management boosted its stake in Advanced Micro Devices by 9.4% during the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer’s stock worth $117,000 after buying an additional 98 shares during the last quarter. Finally, Bangor Savings Bank grew its holdings in Advanced Micro Devices by 8.4% in the 2nd quarter. Bangor Savings Bank now owns 1,314 shares of the semiconductor manufacturer’s stock valued at $186,000 after buying an additional 102 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 0.7%

Shares of NASDAQ AMD opened at $160.90 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $261.11 billion, a price-to-earnings ratio of 92.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. The firm has a 50-day moving average price of $165.40 and a 200 day moving average price of $130.18.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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 net margin of 9.57% and a return on equity of 7.54%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. 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 fiscal year.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 125,505 shares in the company, valued at $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 available through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. This trade represents a 6.28% 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 owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on AMD shares. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a report on Friday, June 13th. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised shares of Advanced Micro Devices to a “hold” rating and set a $140.00 price target for the company in a research note on Thursday, July 10th. Wells Fargo & Company increased their price objective on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and boosted their price objective for the company from $110.00 to $175.00 in a report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $180.88.

Advanced Micro Devices 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.