1248 Management LLC Has $1.57 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• 1248 Management LLC increased its stake in Advanced Micro Devices, Inc. by 78.6% in Q1, now holding a position valued at $1.57 million, making AMD their 26th largest investment.
• Insider transactions included CEO Lisa T. Su selling 225,000 shares for approximately $36.9 million, reflecting a 6.28% decrease in her ownership.
• Advanced Micro Devices reported Q2 earnings with an EPS of $0.48, falling short of estimates, but posted revenues of $7.69 billion, exceeding expectations.

1248 Management LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 78.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,300 shares of the semiconductor manufacturer's stock after purchasing an additional 6,731 shares during the period. Advanced Micro Devices accounts for 0.6% of 1248 Management LLC's portfolio, making the stock its 26th largest position. 1248 Management LLC's holdings in Advanced Micro Devices were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Militia Capital Partners LP boosted its stake in Advanced Micro Devices by 137.5% in the first quarter. Militia Capital Partners LP now owns 1,900 shares of the semiconductor manufacturer's stock valued at $195,000 after acquiring an additional 1,100 shares during the last quarter. First Hawaiian Bank boosted its stake in Advanced Micro Devices by 14.6% in the 1st quarter. First Hawaiian Bank now owns 4,515 shares of the semiconductor manufacturer's stock worth $464,000 after purchasing an additional 574 shares during the period. Invst LLC acquired a new position in Advanced Micro Devices in the 1st quarter worth $289,000. Hodges Capital Management Inc. boosted its stake in Advanced Micro Devices by 46.4% in the 1st quarter. Hodges Capital Management Inc. now owns 2,587 shares of the semiconductor manufacturer's stock worth $266,000 after purchasing an additional 820 shares during the period. Finally, Integrity Wealth Advisors Inc. acquired a new stake in Advanced Micro Devices in the 1st quarter valued at $258,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,998 shares of company stock valued at $41,415,580 over the last quarter. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $155.67 on Friday. The firm has a market cap of $252.63 billion, a PE ratio of 89.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. The firm's fifty day moving average is $162.72 and its 200-day moving average is $126.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Erste Group Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Raymond James Financial increased their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Jefferies Financial Group raised their target price on shares of Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Finally, Evercore ISI raised their target price on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $180.88.

Advanced Micro Devices Company 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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.