Thurston Springer Miller Herd & Titak Inc. Buys 1,292 Shares of Advanced Micro Devices, Inc. $AMD

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,343 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,292 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Advanced Micro Devices were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Goldman Sachs Group Inc. boosted its holdings in shares of Advanced Micro Devices by 169.7% during 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 purchasing an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 131.5% in the 1st 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 acquiring an additional 5,915,185 shares during the last quarter. Nuveen LLC bought a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $436,746,000. Parnassus Investments LLC lifted its holdings in shares of Advanced Micro Devices by 47,883.5% in the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after acquiring an additional 4,133,785 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Advanced Micro Devices by 27.9% in the 1st quarter. Deutsche Bank AG now owns 10,175,532 shares of the semiconductor manufacturer’s stock valued at $1,045,434,000 after acquiring an additional 2,221,905 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group increased their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 28th. Susquehanna increased their price target on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a report on Wednesday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Benchmark increased their price target on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $185.00 to $168.00 and set an “equal weight” rating for the company 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $180.88.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction 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. This trade represents a 5.20% decrease in their ownership of the stock. The sale 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 the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $158.57 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The firm has a market capitalization of $257.33 billion, a P/E ratio of 91.13, a price-to-earnings-growth ratio of 1.87 and a beta of 1.92. The company’s 50-day moving average is $163.13 and its 200 day moving average is $127.47.

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

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.