Wealthfront Advisers LLC Has $37.82 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Wealthfront Advisers LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 266,489 shares of the semiconductor manufacturer’s stock after buying an additional 2,693 shares during the quarter. Wealthfront Advisers LLC’s holdings in Advanced Micro Devices were worth $37,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $958,422,000. Goldman Sachs Group Inc. raised its stake in Advanced Micro Devices by 169.7% during 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 buying an additional 6,200,850 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in 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 worth $1,069,846,000 after acquiring an additional 5,915,185 shares in the last quarter. Nuveen LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at approximately $436,746,000. Finally, Parnassus Investments LLC grew its stake in 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. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,800 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMD shares. Barclays upped their target price on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Raymond James Financial upped their price objective on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Morgan Stanley raised their price objective on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup boosted their target price on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Evercore ISI upped their target price on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.94.

Advanced Micro Devices Trading Up 7.6%

Shares of AMD stock opened at $252.92 on Friday. 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 company has a market capitalization of $410.45 billion, a price-to-earnings ratio of 145.36, a PEG ratio of 2.31 and a beta of 1.90. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $253.39. The company has a 50-day simple moving average of $182.09 and a two-hundred day simple moving average of $147.13.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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 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%.Advanced Micro Devices’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.