Savvy Advisors Inc. Purchases 2,323 Shares of Advanced Micro Devices, Inc. $AMD

by · The Cerbat Gem

Savvy Advisors Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 24.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,700 shares of the semiconductor manufacturer’s stock after buying an additional 2,323 shares during the quarter. Savvy Advisors Inc.’s holdings in Advanced Micro Devices were worth $1,660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Advisory LLC raised its holdings in shares of Advanced Micro Devices by 1.4% in the second quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock valued at $606,000 after purchasing an additional 57 shares during the last quarter. Tritonpoint Wealth LLC grew its position in Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after purchasing an additional 72 shares in the last quarter. Avion Wealth increased its stake in Advanced Micro Devices by 49.3% in 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 last quarter. Scott & Selber Inc. lifted its position in Advanced Micro Devices by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock worth $1,485,000 after buying an additional 73 shares in the last quarter. Finally, Sandy Cove Advisors LLC boosted its stake in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of the 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 transaction, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 274,118 shares of company stock valued at $46,180,719. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Down 3.6%

Shares of Advanced Micro Devices stock opened at $254.84 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The company has a market capitalization of $413.57 billion, a price-to-earnings ratio of 146.46, a P/E/G ratio of 2.42 and a beta of 1.90. The business has a fifty day simple moving average of $189.40 and a two-hundred day simple moving average of $151.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on AMD shares. Bank of America lifted their target price on Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Wells Fargo & Company raised their price target on Advanced Micro Devices from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley boosted their price target on Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Rosenblatt Securities increased their price objective on Advanced Micro Devices from $200.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Finally, Mizuho raised their target price on shares of Advanced Micro Devices from $205.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.68.

View Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Profile

(Free Report)

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.

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