QTR Family Wealth LLC Lowers Holdings in Advanced Micro Devices, Inc. $AMD

QTR Family Wealth LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.0% during the 2nd quarter, Holdings Channel reports. The fund owned 3,008 shares of the semiconductor manufacturer’s stock after selling 409 shares during the quarter. QTR Family Wealth LLC’s holdings in Advanced Micro Devices were worth $427,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $958,422,000. Goldman Sachs Group Inc. raised its holdings in Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock valued at $1,012,538,000 after acquiring an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. raised 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 valued at $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 raised its holdings 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMD. Erste Group Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Barclays raised their price objective on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Finally, Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.88.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business’s stock in a transaction 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 in the company, valued at $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 272,448 shares of company stock valued at $44,554,848 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $161.79 on Wednesday. The firm’s fifty day moving average price is $165.71 and its 200 day moving average price is $132.34. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm has a market cap of $262.56 billion, a price-to-earnings ratio of 92.98, a price-to-earnings-growth ratio of 1.90 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.