Parallel Advisors LLC Acquires 4,293 Shares of Advanced Micro Devices, Inc. $AMD

Parallel Advisors LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,500 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,293 shares during the period. Parallel Advisors LLC’s holdings in Advanced Micro Devices were worth $3,760,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Seaview Investment Managers LLC grew its position in Advanced Micro Devices by 4.3% in the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer’s stock worth $232,000 after purchasing an additional 93 shares in the last quarter. Activest Wealth Management grew its holdings in shares of Advanced Micro Devices by 9.4% in the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer’s stock valued at $117,000 after acquiring an additional 98 shares in the last quarter. Bangor Savings Bank increased its position in shares of Advanced Micro Devices by 8.4% during the second quarter. Bangor Savings Bank now owns 1,314 shares of the semiconductor manufacturer’s stock valued at $186,000 after acquiring an additional 102 shares during the last quarter. Peterson Wealth Services lifted its holdings in Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer’s stock worth $375,000 after acquiring an additional 103 shares during the period. Finally, Lifeworks Advisors LLC boosted its position in Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock worth $203,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 270,198 shares of company stock worth $44,183,576. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Up 1.6%

AMD opened at $161.16 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The company has a market cap of $261.54 billion, a PE ratio of 92.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.92. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $163.66 and a 200 day moving average of $127.90.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the firm earned $0.69 EPS. The company’s 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 expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of several research analyst reports. The Goldman Sachs Group raised Advanced Micro Devices to a “hold” rating and set a $140.00 target price for the company in a research report on Thursday, July 10th. Susquehanna lifted their price objective on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Evercore ISI increased their target price on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Citigroup raised their price target on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Finally, Piper Sandler upped their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.88.

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.