Wedbush Securities Inc. Has $11.09 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Wedbush Securities Inc. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,161 shares of the semiconductor manufacturer’s stock after selling 7,833 shares during the period. Wedbush Securities Inc.’s holdings in Advanced Micro Devices were worth $11,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Wise Wealth Partners acquired a new position in shares of Advanced Micro Devices in the second quarter valued at $343,000. Waterfront Wealth Inc. acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $1,145,000. Parisi Gray Wealth Management bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $343,000. Cornercap Investment Counsel Inc. grew its stake in Advanced Micro Devices by 43.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after buying an additional 3,702 shares during the last quarter. Finally, Davis Investment Partners LLC bought a new position in Advanced Micro Devices in the 2nd quarter valued at about $736,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD opened at $233.54 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. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The firm has a market cap of $379.00 billion, a P/E ratio of 134.22, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. The business’s fifty day moving average is $199.34 and its 200-day moving average is $158.35.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,800 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares of the company’s stock, valued at $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 274,118 shares of company stock worth $46,180,719 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley lifted their price target on Advanced Micro Devices from $246.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday. Robert W. Baird set a $300.00 price target on Advanced Micro Devices in a research note on Wednesday. TD Cowen increased their price objective on Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.26.

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.