Geode Capital Management LLC Boosts Stake in Advanced Micro Devices, Inc. $AMD

Geode Capital Management LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,690,685 shares of the semiconductor manufacturer’s stock after purchasing an additional 514,445 shares during the quarter. Geode Capital Management LLC’s holdings in Advanced Micro Devices were worth $5,181,556,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of Advanced Micro Devices by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 347,024 shares of the semiconductor manufacturer’s stock worth $49,243,000 after acquiring an additional 16,182 shares during the last quarter. United Asset Strategies Inc. increased its stake in Advanced Micro Devices by 171.6% during the 2nd quarter. United Asset Strategies Inc. now owns 8,853 shares of the semiconductor manufacturer’s stock worth $1,256,000 after buying an additional 5,594 shares during the period. Wealth Alliance LLC boosted its holdings in Advanced Micro Devices by 51.4% in the second quarter. Wealth Alliance LLC now owns 5,549 shares of the semiconductor manufacturer’s stock valued at $787,000 after purchasing an additional 1,884 shares during the last quarter. Andar Capital Management HK Ltd raised its holdings in Advanced Micro Devices by 87.9% in the second quarter. Andar Capital Management HK Ltd now owns 93,000 shares of the semiconductor manufacturer’s stock valued at $13,197,000 after acquiring an additional 43,500 shares in the last quarter. Finally, Wealth Quarterback LLC grew its stake in Advanced Micro Devices by 6.9% in the second quarter. Wealth Quarterback LLC now owns 12,292 shares of the semiconductor manufacturer’s stock worth $1,744,000 after purchasing an additional 791 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Melius Research set a $300.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 6th. Truist Financial restated a “buy” rating and set a $279.00 price objective (up from $273.00) on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Finally, KGI Securities set a $260.00 price target on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $263.91.

Insider Buying and Selling at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business’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 transaction, 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. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 264,118 shares of company stock valued at $44,448,619. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $237.52 on Wednesday. The firm has a market cap of $386.69 billion, a PE ratio of 136.51, a P/E/G ratio of 2.42 and a beta of 1.93. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The company’s fifty day simple moving average is $202.47 and its 200-day simple moving average is $161.38. 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 issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the business posted $0.92 EPS. Advanced Micro Devices’s revenue was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Equities research analysts expect 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.