WP Advisors LLC Increases Stake in Advanced Micro Devices, Inc. $AMD

WP Advisors LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 129.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,623 shares of the semiconductor manufacturer’s stock after acquiring an additional 14,995 shares during the quarter. Advanced Micro Devices makes up about 1.0% of WP Advisors LLC’s investment portfolio, making the stock its 22nd largest position. WP Advisors LLC’s holdings in Advanced Micro Devices were worth $3,778,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Dogwood Wealth Management LLC raised its stake in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares in the last quarter. Avion Wealth raised its stake in Advanced Micro Devices by 49.3% in the second 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 last quarter. West Branch Capital LLC raised its position in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 214 shares during the last quarter. Bear Mountain Capital Inc. raised its holdings in shares of Advanced Micro Devices by 75.0% in the first quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 150 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its position in Advanced Micro Devices by 185.3% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 215 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Ava Hahn sold 2,868 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. This trade represents a 24.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the sale, the executive vice president directly owned 313,848 shares of the company’s stock, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 264,118 shares of company stock valued at $44,448,619. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several research reports. Melius Research set a $380.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Erste Group Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Wells Fargo & Company increased their price target on Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $273.49.

Advanced Micro Devices Trading Down 4.2%

AMD stock opened at $247.96 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm has a market cap of $403.69 billion, a P/E ratio of 142.51, a PEG ratio of 2.42 and a beta of 1.93. The company’s 50-day simple moving average is $206.13 and its 200-day simple moving average is $162.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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.