Advanced Micro Devices, Inc. $AMD is Nicholas Company Inc.'s 6th Largest Position

Key Points

• Nicholas Company reduced its AMD position by 30.3% in the second quarter, selling 78,050 shares, but AMD remains its sixth-largest holding at 1.9% of the portfolio and was valued at $104.2 million.
• AMD reported quarterly EPS of $1.66 and revenue of $11.54 billion, beating analyst estimates, while revenue increased 50.1% year over year. Institutional investors own 71.34% of the stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $546.87 price target. However, insiders sold 161,077 shares worth $74.7 million over the past 90 days, and AMD trades at a high P/E ratio of 130.08.

Nicholas Company Inc. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 30.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,426 shares of the semiconductor manufacturer's stock after selling 78,050 shares during the quarter. Advanced Micro Devices comprises 1.9% of Nicholas Company Inc.'s portfolio, making the stock its 6th biggest position. Nicholas Company Inc.'s holdings in Advanced Micro Devices were worth $104,230,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Souders Financial Advisors lifted its stake in shares of Advanced Micro Devices by 5.1% in the 2nd quarter. Souders Financial Advisors now owns 2,269 shares of the semiconductor manufacturer's stock valued at $1,318,000 after purchasing an additional 111 shares in the last quarter. PDS Planning Inc increased its position in Advanced Micro Devices by 6.4% during the 2nd quarter. PDS Planning Inc now owns 9,301 shares of the semiconductor manufacturer's stock worth $5,403,000 after purchasing an additional 559 shares in the last quarter. Marin Bay Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 57.5% in the second quarter. Marin Bay Wealth Advisors LLC now owns 2,618 shares of the semiconductor manufacturer's stock valued at $1,521,000 after buying an additional 956 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives purchased a new position in Advanced Micro Devices in the second quarter valued at approximately $11,037,000. Finally, LiftPoint Family Wealth Advisors LLC acquired a new position in Advanced Micro Devices during the second quarter valued at approximately $425,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $506.00 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a market cap of $826.03 billion, a P/E ratio of 130.08 and a beta of 2.48. The stock has a 50 day moving average of $512.08 and a 200-day moving average of $370.08.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMD shares. BTIG Research upgraded shares of Advanced Micro Devices to a "buy" rating in a research note on Wednesday, May 6th. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Seaport Research Partners raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 price target for the company in a research report on Wednesday, May 6th. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. Finally, DA Davidson raised their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $546.87.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 161,077 shares of company stock worth $74,732,145 over the last 90 days. Company insiders own 0.50% of the company's stock.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD priced a record $4.75 billion senior-notes offering in four tranches maturing from 2029 through 2036. Management plans to use the capital for general corporate purposes, including expanding its AI and data-center businesses. The offering gives AMD additional financial flexibility without issuing shares, although it will increase interest expense. AMD Rises on $4.75 Billion Debt Offering
• Positive Sentiment: Analysts continue to see upside based on accelerating demand for AMD’s AI data-center processors, record data-center revenue, and potential growth in server CPUs. Reported analyst price targets reach as high as $700, supporting the bullish case despite the stock’s large year-to-date advance. AMD Stock Is Up 136% YTD. Why Wall Street Still Sees More Upside
• Positive Sentiment: A quarterly SEC filing disclosed sizable equity stakes in SpaceX and Nutanix. The investments broaden AMD’s strategic exposure to space technology and enterprise infrastructure, though the filing did not establish a direct near-term revenue impact. AMD Filing Reveals Unexpected SpaceX and Nutanix Bet

Advanced Micro Devices Profile

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.

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