Rehmann Capital Advisory Group Raises Stock Holdings in Advanced Micro Devices, Inc. $AMD

Rehmann Capital Advisory Group raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,530 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,056 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Advanced Micro Devices were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Kingstone Capital Partners Texas LLC bought a new position in Advanced Micro Devices during the second quarter valued at $958,422,000. Goldman Sachs Group Inc. grew its holdings in Advanced Micro Devices by 169.7% during the first 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 period. T. Rowe Price Investment Management Inc. grew its holdings in Advanced Micro Devices by 131.5% during the first 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 purchasing an additional 5,915,185 shares during the period. Nuveen LLC bought a new position in Advanced Micro Devices during the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC grew its holdings in Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after purchasing an additional 4,133,785 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen raised their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. UBS Group raised their price target on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Roth Capital set a $250.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a report on Monday, October 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price target on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Finally, Weiss Ratings lowered Advanced Micro Devices from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $233.94.

Advanced Micro Devices Trading Down 3.3%

NASDAQ AMD opened at $230.23 on Thursday. The stock’s 50-day simple moving average is $179.50 and its two-hundred day simple moving average is $144.41. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $242.88. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $373.63 billion, a price-to-earnings ratio of 132.32, a PEG ratio of 2.18 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly 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). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm 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 earned $0.69 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. 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 fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was 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 in the company, valued at $51,416,785.98. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares in the company, valued at $384,529,181.40. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is currently owned by company insiders.

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.