53,100 Shares in Advanced Micro Devices, Inc. $AMD Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• The Virginia Retirement Systems ET Al acquired 53,100 shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) during the second quarter, valued at approximately $7.5 million.
• Analysts are optimistic about AMD's growth, with several raising their price targets significantly, including a target of $275.00 from Mizuho and $270.00 from Benchmark.
• Advanced Micro Devices reported earnings of $0.48 per share for the last quarter, missing consensus estimates but showing a 31.7% increase in revenue compared to the same period last year.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,100 shares of the semiconductor manufacturer's stock, valued at approximately $7,535,000.

Other institutional investors have also added to or reduced their stakes in the company. Wise Wealth Partners purchased a new stake in Advanced Micro Devices during the 2nd quarter worth about $343,000. Parisi Gray Wealth Management purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $343,000. Davis Investment Partners LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $736,000. REAP Financial Group LLC raised its holdings in shares of Advanced Micro Devices by 16.9% in the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer's stock valued at $170,000 after acquiring an additional 173 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after acquiring an additional 2,970 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMD shares. Susquehanna raised their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Mizuho raised their price target on Advanced Micro Devices from $205.00 to $275.00 and gave the company an "outperform" rating in a report on Monday, October 13th. Roth Capital set a $250.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a report on Monday, October 6th. Finally, Benchmark raised their price target on Advanced Micro Devices from $210.00 to $270.00 and gave the company a "buy" rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $233.94.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total value of $3,767,904.00. Following the completion of the sale, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,118 shares of company stock worth $46,180,719 over the last three months. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 3.2%

Shares of AMD stock opened at $240.56 on Tuesday. The stock has a market capitalization of $390.39 billion, a PE ratio of 138.25, a P/E/G ratio of 2.32 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $242.88. The business has a 50-day moving average of $177.32 and a 200 day moving average of $143.15. 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 (NASDAQ:AMD - Get Free Report) last issued its earnings results 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). The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.

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