Dream Peak Capital Ltd reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 49.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,692 shares of the semiconductor manufacturer's stock after selling 220,308 shares during the quarter. Advanced Micro Devices accounts for about 13.2% of Dream Peak Capital Ltd's investment portfolio, making the stock its 5th largest position. Dream Peak Capital Ltd's holdings in Advanced Micro Devices were worth $133,430,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. First National Bank of Hutchinson increased its position in shares of Advanced Micro Devices by 0.4% in the second quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer's stock worth $3,276,000 after purchasing an additional 22 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Advanced Micro Devices by 12.8% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer's stock valued at $43,000 after purchasing an additional 24 shares during the last quarter. Trust Co of the South lifted its position in Advanced Micro Devices by 1.5% during the second quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer's stock valued at $1,014,000 after purchasing an additional 25 shares during the last quarter. Beaird Harris Wealth Management LLC grew its stake in Advanced Micro Devices by 9.4% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer's stock worth $169,000 after buying an additional 25 shares in the last quarter. Finally, Veery Capital LLC grew its stake in Advanced Micro Devices by 1.0% in the 2nd quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer's stock worth $1,622,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Price Performance
AMD stock opened at $480.93 on Thursday. The firm has a market cap of $785.10 billion, a P/E ratio of 123.63 and a beta of 2.48. The firm's fifty day moving average is $508.39 and its 200 day moving average is $381.97. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm's revenue for the quarter was up 50.1% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.
Insider Transactions at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $459.95, for a total value of $7,939,196.95. Following the completion of the transaction, the executive vice president directly owned 373,317 shares in the company, valued at $171,707,154.15. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 228,024 shares of company stock valued at $107,851,304. 0.50% of the stock is currently owned by corporate insiders.
Key Stories Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Strong AI and data-center momentum: AMD reported second-quarter revenue of approximately $11.5 billion, up 50% year over year, while data-center revenue more than doubled to $6.7 billion. Management’s third-quarter outlook for roughly $13 billion of revenue and a 56% gross margin reinforced expectations for continued demand and operating leverage. AMD: The Low-Hanging Fruit Is Gone, But The Stock Is Still A Buy
- Positive Sentiment: Analyst support and competitive positioning: Wall Street firms reiterated bullish views and raised price targets, with Raymond James upgrading AMD to Strong Buy and BMO initiating coverage with a $550 target. Investors also see AMD as a potential alternative to Nvidia for hyperscalers, including through large customer deployments and opportunities in inference and agentic AI. AMD Stock Gets Strong Buy Upgrade From Raymond James
- Positive Sentiment: Product and ecosystem catalysts: AMD’s upcoming Instinct MI455X accelerator is expected to feature 432GB of HBM4 memory, while the Helios rack system is scheduled to begin initial shipments later this quarter. The company is also expanding UCIe connectivity, trusted-AI security capabilities and EPYC processor deployments for autonomous-driving applications. AMD's Next AI Accelerator Carries 432 Gigabytes of Memory
- Neutral Sentiment: Nvidia earnings remain a near-term trading catalyst: AMD and other semiconductor stocks benefited from positioning ahead of Nvidia’s results. Nvidia’s outlook could validate AI infrastructure demand or trigger a broader reassessment of accelerator valuations. NVIDIA Earnings Could Move These 3 AI Stocks
- Negative Sentiment: Insider selling weighs on sentiment: EVP Forrest Norrod sold 17,261 shares worth about $7.9 million under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a signal about fundamentals, but repeated insider disposals can add pressure after a sharp rally. AMD Insider Sale SEC Filing
- Negative Sentiment: Valuation and execution risks: With AMD trading at a high earnings multiple after a major advance, investors may demand continued exceptional growth. Export-policy uncertainty, rising memory costs and more than $10 billion of planned Taiwan packaging investment could increase execution and margin risks. AMD's Next Move Could Be Huge
Wall Street Analyst Weigh In
Several analysts have recently weighed in on AMD shares. Susquehanna raised their price objective on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research report on Thursday, July 30th. Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Seaport Research Partners raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price on the stock in a research note on Wednesday, May 6th. UBS Group restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, Loop Capital raised Advanced Micro Devices to a "strong-buy" rating in a research note on Tuesday, June 16th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $553.72.
Check Out Our Latest Report on AMD
About Advanced Micro Devices
(
Free Report)
Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.
Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.
Further Reading
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).
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