Convergence Investment Partners LLC Takes Position in Advanced Micro Devices, Inc. $AMD

Convergence Investment Partners LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,755 shares of the semiconductor manufacturer’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC grew its stake in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 130 shares during the period. Dogwood Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares during the period. Avion Wealth grew its stake in shares of Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 72 shares during the period. Finally, West Branch Capital LLC grew its stake in shares of Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 274,118 shares of company stock worth $46,180,719 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, October 8th. Piper Sandler reiterated an “overweight” rating and set a $240.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Wolfe Research set a $300.00 price target on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, Raymond James Financial upped their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $233.94.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $259.67 on Tuesday. The stock has a market cap of $421.40 billion, a P/E ratio of 149.24, a price-to-earnings-growth ratio of 2.31 and a beta of 1.90. 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 stock has a 50 day moving average of $183.76 and a 200-day moving average of $148.62. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $260.42.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.