QRG Capital Management Inc. Raises Holdings in Advanced Micro Devices, Inc. $AMD

QRG Capital Management Inc. increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 208,885 shares of the semiconductor manufacturer’s stock after purchasing an additional 24,021 shares during the period. QRG Capital Management Inc.’s holdings in Advanced Micro Devices were worth $29,641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Advanced Micro Devices by 2.9% during the 4th 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 last quarter. NBC Securities Inc. lifted its holdings in shares of Advanced Micro Devices by 59,416.7% during the 1st quarter. NBC Securities Inc. now owns 3,571 shares of the semiconductor manufacturer’s stock valued at $366,000 after buying an additional 3,565 shares during the period. RFG Advisory LLC boosted its stake in shares of Advanced Micro Devices by 37.4% in the 1st quarter. RFG Advisory LLC now owns 11,418 shares of the semiconductor manufacturer’s stock worth $1,173,000 after buying an additional 3,108 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Advanced Micro Devices by 39.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,361 shares of the semiconductor manufacturer’s stock worth $1,475,000 after acquiring an additional 4,026 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the company’s 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 in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock valued at $44,554,848 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD opened at $164.67 on Friday. The stock has a market capitalization of $267.23 billion, a price-to-earnings ratio of 94.64, a PEG ratio of 2.00 and a beta of 1.90. The company has a fifty day moving average of $165.94 and a 200 day moving average of $133.43. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMD. Truist Financial raised Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the stock from $173.00 to $213.00 in a research report on Tuesday, August 26th. DZ Bank raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $165.00 price objective on the stock in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Advanced Micro Devices in a research report on Saturday, September 27th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein boosted their price objective on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.88.

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.