Salem Investment Counselors Inc. Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

Salem Investment Counselors Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 262,700 shares of the semiconductor manufacturer’s stock after buying an additional 356 shares during the quarter. Advanced Micro Devices makes up about 1.2% of Salem Investment Counselors Inc.’s holdings, making the stock its 16th largest position. Salem Investment Counselors Inc.’s holdings in Advanced Micro Devices were worth $37,277,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMD. Goldman Sachs Group Inc. increased its holdings in Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock valued at $1,012,538,000 after buying an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Advanced Micro Devices by 131.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after buying an additional 5,915,185 shares during the last quarter. Toronto Dominion Bank increased its holdings in Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after buying an additional 4,461,609 shares during the last quarter. Nuveen LLC purchased a new position in Advanced Micro Devices in the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC increased 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 buying an additional 4,133,785 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.9%

Shares of NASDAQ AMD opened at $158.57 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The firm has a fifty day moving average of $163.13 and a 200-day moving average of $127.28. The stock has a market capitalization of $257.33 billion, a PE ratio of 91.13, a P/E/G ratio of 1.83 and a beta of 1.92. 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 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). The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Hsbc Global Res raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. The Goldman Sachs Group raised Advanced Micro Devices to a “hold” rating and set a $140.00 price target on the stock in a report on Thursday, July 10th. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Monday, June 23rd. HSBC lowered their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. Finally, Wells Fargo & Company raised their price target on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.88.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction on 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 owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,198 shares of company stock worth $44,183,576. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices 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.