Parallel Advisors LLC Purchases 4,293 Shares of Advanced Micro Devices, Inc. $AMD

Parallel Advisors LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,500 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,293 shares during the period. Parallel Advisors LLC’s holdings in Advanced Micro Devices were worth $3,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Modern Wealth Management LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $644,000. Geneos Wealth Management Inc. lifted its stake in Advanced Micro Devices by 18.9% in the first quarter. Geneos Wealth Management Inc. now owns 15,219 shares of the semiconductor manufacturer’s stock valued at $1,564,000 after buying an additional 2,422 shares during the period. Doliver Advisors LP bought a new position in Advanced Micro Devices during the second quarter worth about $386,000. Sage Capital Advisors llc grew its position in shares of Advanced Micro Devices by 459.9% during the 2nd quarter. Sage Capital Advisors llc now owns 36,774 shares of the semiconductor manufacturer’s stock worth $5,218,000 after buying an additional 30,206 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its stake in shares of Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock valued at $31,958,000 after acquiring an additional 29,825 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $161.16 on Tuesday. The firm’s 50 day moving average is $163.66 and its 200-day moving average is $127.90. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $261.54 billion, a PE ratio of 92.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.92. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices 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 approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,198 shares of company stock worth $44,183,576 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMD shares. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a “hold” rating and set a $140.00 price objective for the company in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Piper Sandler boosted their target price on Advanced Micro Devices from $140.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Mizuho increased their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Finally, TD Cowen lifted their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.88.

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.