Cornerstone Advisors LLC Buys 30,500 Shares of Advanced Micro Devices, Inc. $AMD

Cornerstone Advisors LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,400 shares of the semiconductor manufacturer’s stock after acquiring an additional 30,500 shares during the period. Cornerstone Advisors LLC’s holdings in Advanced Micro Devices were worth $14,956,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares during the period. Independent Wealth Network Inc. lifted its position in shares of Advanced Micro Devices by 15.1% during the 1st quarter. Independent Wealth Network Inc. now owns 2,428 shares of the semiconductor manufacturer’s stock valued at $249,000 after buying an additional 318 shares during the last quarter. Formidable Asset Management LLC lifted its position in shares of Advanced Micro Devices by 58.0% during the 1st quarter. Formidable Asset Management LLC now owns 17,496 shares of the semiconductor manufacturer’s stock valued at $1,798,000 after buying an additional 6,420 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Advanced Micro Devices by 5.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 88,745 shares of the semiconductor manufacturer’s stock worth $9,118,000 after acquiring an additional 4,660 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AMD shares. KGI Securities set a $260.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the stock a “hold” rating in a research note on Tuesday, October 14th. Truist Financial restated a “buy” rating and set a $279.00 price target (up from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 31st. Finally, Dbs Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $273.49.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $246.81 on Friday. The company’s 50 day simple moving average is $208.05 and its two-hundred day simple moving average is $164.18. 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, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The stock has a market capitalization of $401.82 billion, a PE ratio of 141.84, a P/E/G ratio of 2.42 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 9.57% and a return on equity of 7.54%. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the sale, the executive vice president owned 313,848 shares of the company’s stock, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction dated 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 owned 1,714,505 shares of the company’s stock, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 264,118 shares of company stock valued at $44,448,619 over the last 90 days. 0.06% of the stock is owned by insiders.

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.