Acadian Asset Management LLC Buys 17,347 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Acadian Asset Management LLC raised its stake in Advanced Micro Devices, Inc. by 26.9% during Q1, acquiring an additional 17,347 shares for a total of 81,864 shares now worth $8,406,000.
• Several research firms have revised their price targets on AMD shares, with HSBC lowering its target from $200 to $185 while Truist Financial increased its target from $173 to $213.
• In insider trading news, two executives sold a combined 35,198 shares of AMD stock, indicating potential concerns about stock performance, with significant value linked to both transactions.

Acadian Asset Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,864 shares of the semiconductor manufacturer's stock after purchasing an additional 17,347 shares during the quarter. Acadian Asset Management LLC's holdings in Advanced Micro Devices were worth $8,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMD. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC lifted its position in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. Kozak & Associates Inc. lifted its position in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at $30,000. Finally, Investors Research Corp lifted its position in Advanced Micro Devices by 117.9% during the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMD. HSBC lowered their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Truist Financial raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and increased their target price for the company from $173.00 to $213.00 in a research note on Tuesday, August 26th. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Finally, Erste Group Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.88.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares of the company's stock, valued at $50,507,558.64. The trade was a 5.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock worth $44,183,576 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Up 1.9%

NASDAQ AMD opened at $158.57 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a market capitalization of $257.33 billion, a price-to-earnings ratio of 91.13, a price-to-earnings-growth ratio of 1.83 and a beta of 1.92. The company's 50-day simple moving average is $163.13 and its two-hundred day simple moving average is $127.12. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its 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 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 for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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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