Advanced Micro Devices, Inc. $AMD is FengHe Fund Management Pte. Ltd.'s 2nd Largest Position

Key Points

• FengHe Fund Management Pte. Ltd. has significantly increased its holdings in Advanced Micro Devices, Inc. by 693.6%, making AMD its second largest position, which constitutes about 13.3% of the fund's portfolio.
• Several hedge funds have also increased their stakes in AMD, indicating a growing interest in the semiconductor manufacturer, with institutional investors owning 71.34% of the company's stock.
• Despite reporting a quarterly earnings miss with an EPS of $0.48, AMD's revenue was up 31.7% year-over-year, totaling $7.69 billion, exceeding analyst expectations.

FengHe Fund Management Pte. Ltd. increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 693.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 573,000 shares of the semiconductor manufacturer's stock after acquiring an additional 500,800 shares during the quarter. Advanced Micro Devices makes up about 13.3% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 2nd largest position. FengHe Fund Management Pte. Ltd.'s holdings in Advanced Micro Devices were worth $81,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Parisi Gray Wealth Management purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at about $343,000. Davis Investment Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $736,000. Sivia Capital Partners LLC lifted its holdings in shares of Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after purchasing an additional 2,970 shares during the last quarter. Fragasso Financial Advisors Inc lifted its holdings in shares of Advanced Micro Devices by 151.3% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock valued at $799,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Modern Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $644,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the company's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares of the company's stock, valued at $51,416,785.98. The trade was a 0.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 272,448 shares of company stock valued at $44,554,848 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AMD. Wells Fargo & Company increased their price target on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from $110.00 to $175.00 in a research report on Monday, June 23rd. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. DZ Bank raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price target for the company in a report on Thursday, August 7th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $164.01 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The business has a 50-day moving average price of $165.82 and a 200 day moving average price of $132.56. The firm has a market cap of $266.16 billion, a PE ratio of 94.26, a P/E/G ratio of 1.91 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 during 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 firm's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. 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 fiscal year.

Advanced Micro Devices 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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