1858 Wealth Management LLC Boosts Holdings in Advanced Micro Devices, Inc. $AMD

1858 Wealth Management LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 3,657 shares of the semiconductor manufacturer’s stock after acquiring an additional 167 shares during the quarter. 1858 Wealth Management LLC’s holdings in Advanced Micro Devices were worth $519,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC purchased a new position in Advanced Micro Devices in the 2nd quarter worth approximately $958,422,000. Goldman Sachs Group Inc. lifted its holdings in Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock worth $1,012,538,000 after purchasing an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in 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 worth $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Nuveen LLC purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $436,746,000. Finally, Parnassus Investments LLC lifted its holdings in Advanced Micro Devices by 47,883.5% in the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after purchasing an additional 4,133,785 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMD. Roth Capital set a $250.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a report on Monday, October 6th. Evercore ISI upped their price objective on Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on Advanced Micro Devices in a report on Wednesday, August 6th. Stifel Nicolaus set a $240.00 price objective on Advanced Micro Devices in a report on Monday, October 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Advanced Micro Devices in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.25.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $214.76 on Friday. The company has a market cap of $348.51 billion, a P/E ratio of 123.42, a P/E/G ratio of 2.53 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The business’s 50 day moving average price is $170.33 and its 200-day moving average price is $137.41. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $240.10.

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 company had revenue of $7.69 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,316 shares of company stock worth $45,203,045. Company insiders own 0.06% of the company’s stock.

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.