Klingman & Associates LLC Takes $377,000 Position in Advanced Micro Devices, Inc. $AMD

Klingman & Associates LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,654 shares of the semiconductor manufacturer’s stock, valued at approximately $377,000.

Several other institutional investors have also added to or reduced their stakes in the company. 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 valued at $405,000 after purchasing an additional 72 shares during the period. Scott & Selber Inc. boosted its stake in Advanced Micro Devices by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock valued at $1,485,000 after purchasing an additional 73 shares during the period. Sandy Cove Advisors LLC boosted its stake in 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 valued at $776,000 after purchasing an additional 75 shares during the period. Uhlmann Price Securities LLC boosted its stake in Advanced Micro Devices by 3.4% in the 2nd quarter. Uhlmann Price Securities LLC now owns 2,529 shares of the semiconductor manufacturer’s stock valued at $359,000 after purchasing an additional 82 shares during the period. Finally, Pine Haven Investment Counsel Inc boosted its stake in 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 valued at $381,000 after purchasing an additional 85 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $238.03 on Wednesday. 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, Inc. has a twelve month low of $76.48 and a twelve month high of $242.88. The company has a market cap of $386.29 billion, a P/E ratio of 136.80, a P/E/G ratio of 2.20 and a beta of 1.90. The business has a fifty day simple moving average of $178.59 and a 200 day simple moving average of $143.81.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. Advanced Micro Devices’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 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on AMD shares. Wolfe Research set a $300.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group upped their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Truist Financial reiterated a “buy” rating and set a $273.00 target price (up from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Raymond James Financial upped their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company upped their target price on Advanced Micro Devices from $185.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $233.94.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total value 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 $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,118 shares of company stock worth $46,180,719 over the last quarter. 0.06% of the stock is currently 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.