Commonwealth Financial Services LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Commonwealth Financial Services LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,679 shares of the semiconductor manufacturer’s stock, valued at approximately $238,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tritonpoint Wealth LLC boosted its stake in Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 72 shares during the last quarter. Scott & Selber Inc. raised its holdings in shares of Advanced Micro Devices by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock worth $1,485,000 after purchasing an additional 73 shares during the period. Sandy Cove Advisors LLC raised its holdings in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after purchasing an additional 75 shares during the period. Pine Haven Investment Counsel Inc raised its holdings in shares of Advanced Micro Devices by 3.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer’s stock worth $381,000 after purchasing an additional 85 shares during the period. Finally, SLT Holdings LLC raised its holdings in shares of Advanced Micro Devices by 4.3% in the 2nd quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer’s stock worth $306,000 after purchasing an additional 88 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $214.76 on Friday. The company has a market cap of $348.51 billion, a P/E ratio of 123.42, a PEG ratio of 2.53 and a beta of 1.90. 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, Inc. has a one year low of $76.48 and a one year high of $240.10. The business’s 50-day simple moving average is $170.33 and its 200 day simple moving average is $137.41.

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 net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. 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. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares in the company, valued at $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,316 shares of company stock worth $45,203,045 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Seaport Res Ptn downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. TD Cowen raised their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Dbs Bank upgraded Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Barclays raised their price objective on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, UBS Group raised their price objective on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.25.

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.