Advanced Micro Devices, Inc. $AMD Shares Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 392.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,355 shares of the semiconductor manufacturer’s stock after purchasing an additional 153,287 shares during the period. Advanced Micro Devices comprises about 1.0% of Alpha Cubed Investments LLC’s portfolio, making the stock its 24th largest holding. Alpha Cubed Investments LLC’s holdings in Advanced Micro Devices were worth $27,295,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of Advanced Micro Devices by 152.4% in the second quarter. Allworth Financial LP now owns 68,987 shares of the semiconductor manufacturer’s stock valued at $9,789,000 after buying an additional 41,659 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Advanced Micro Devices by 135.8% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 24,835 shares of the semiconductor manufacturer’s stock worth $3,524,000 after acquiring an additional 14,304 shares in the last quarter. Davis R M Inc. raised its position in Advanced Micro Devices by 8.9% during the second quarter. Davis R M Inc. now owns 4,680 shares of the semiconductor manufacturer’s stock worth $664,000 after acquiring an additional 383 shares during the period. Altman Advisors Inc. lifted its holdings in Advanced Micro Devices by 1.9% during the second quarter. Altman Advisors Inc. now owns 10,145 shares of the semiconductor manufacturer’s stock valued at $1,381,000 after purchasing an additional 188 shares in the last quarter. Finally, Fountainhead AM LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $211,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $233.54 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock’s fifty day moving average is $199.34 and its two-hundred day moving average is $159.34. The firm has a market capitalization of $380.21 billion, a P/E ratio of 134.22, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMD shares. The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Truist Financial reissued a “buy” rating and set a $279.00 target price (up previously from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. KGI Securities set a $260.00 target price on Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, October 13th. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, October 8th. Finally, Mizuho increased their price objective on 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $263.26.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders sold 274,118 shares of company stock valued at $46,180,719 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

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.