Welch & Forbes LLC Makes New $833,000 Investment in Advanced Micro Devices, Inc. $AMD

Welch & Forbes LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, Holdings Channel reports. The institutional investor acquired 5,867 shares of the semiconductor manufacturer’s stock, valued at approximately $833,000.

A number of other institutional investors also recently made changes to their positions in AMD. Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Advanced Micro Devices by 12.2% in the 1st quarter. D.A. Davidson & CO. now owns 33,307 shares of the semiconductor manufacturer’s stock valued at $3,422,000 after purchasing an additional 3,633 shares in the last quarter. Strategic Blueprint LLC boosted its stake in shares of Advanced Micro Devices by 17.6% in the 1st quarter. Strategic Blueprint LLC now owns 10,837 shares of the semiconductor manufacturer’s stock valued at $1,113,000 after purchasing an additional 1,619 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of Advanced Micro Devices by 3.6% in the 1st quarter. Impax Asset Management Group plc now owns 7,672 shares of the semiconductor manufacturer’s stock valued at $788,000 after purchasing an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.5%

Shares of AMD opened at $256.12 on Monday. The firm’s 50-day moving average price is $191.16 and its 200-day moving average price is $153.70. The firm has a market capitalization of $415.64 billion, a price-to-earnings ratio of 147.20, a PEG ratio of 2.42 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share 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 the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMD. Roth Capital set a $250.00 price objective on shares of Advanced Micro Devices and gave the company a “buy” rating in a research note on Monday, October 6th. HSBC increased their price target on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Piper Sandler reissued an “overweight” rating and set a $240.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Wedbush increased their price target on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, UBS Group increased their price target on shares of Advanced Micro Devices from $210.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.32.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is owned by company insiders.

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.