Charles Schwab Investment Management Inc. Buys 308,740 Shares of Advanced Micro Devices, Inc. $AMD

Charles Schwab Investment Management Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,857,840 shares of the semiconductor manufacturer’s stock after purchasing an additional 308,740 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Advanced Micro Devices were worth $1,540,727,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wise Wealth Partners bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $343,000. Waterfront Wealth Inc. purchased a new stake in shares of Advanced Micro Devices during the second quarter worth $1,145,000. Parisi Gray Wealth Management purchased a new stake in shares of Advanced Micro Devices during the second quarter worth $343,000. Cornercap Investment Counsel Inc. boosted its holdings in shares of Advanced Micro Devices by 43.3% in the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after acquiring an additional 3,702 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Advanced Micro Devices by 7.5% in the second quarter. Swiss National Bank now owns 4,917,975 shares of the semiconductor manufacturer’s stock worth $697,861,000 after acquiring an additional 341,000 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Bank of America reiterated a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Evercore ISI upped their price target on Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Micro Devices in a report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Finally, Truist Financial reaffirmed a “buy” rating and set a $279.00 target price (up previously from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $278.54.

Advanced Micro Devices Trading Down 1.1%

Shares of Advanced Micro Devices stock opened at $203.78 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The firm has a market cap of $331.76 billion, a PE ratio of 117.11, a PEG ratio of 2.42 and a beta of 1.93. The company has a 50 day simple moving average of $214.51 and a two-hundred day simple moving average of $168.46.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares of the company’s stock, valued at $68,890,820.76. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the firm’s 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 sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 75,676 shares of company stock worth $16,124,589. Corporate insiders own 0.06% of the company’s stock.

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.