Cynosure Group LLC Raises Stake in Advanced Micro Devices, Inc. $AMD

Cynosure Group LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,882 shares of the semiconductor manufacturer’s stock after purchasing an additional 248 shares during the period. Cynosure Group LLC’s holdings in Advanced Micro Devices were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Kingstone Capital Partners Texas LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at $958,422,000. Goldman Sachs Group Inc. increased its holdings in shares of Advanced Micro Devices by 169.7% in the 1st 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 during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after acquiring an additional 5,915,185 shares in the last quarter. Nuveen LLC purchased a new stake in Advanced Micro Devices during the first quarter worth approximately $436,746,000. Finally, Parnassus Investments LLC boosted 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 purchasing an additional 4,133,785 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president owned 9,033 shares of the company’s stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,108 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,676 shares of company stock valued at $16,124,589 over the last three months. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMD shares. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Susquehanna reiterated a “positive” rating and set a $300.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 31st. Truist Financial restated a “buy” rating and issued a $279.00 price objective (up previously from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday, November 5th. Wolfe Research set a $300.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given 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 price target of $278.54.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $203.78 on Monday. The firm has a market cap of $331.76 billion, a P/E ratio of 117.11, a P/E/G ratio of 2.42 and a beta of 1.93. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The business’s 50-day moving average price is $214.51 and its 200 day moving average price is $168.94. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same period last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share 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.