Advanced Micro Devices, Inc. $AMD Shares Bought by Bragg Financial Advisors Inc

Key Points

• Bragg Financial Advisors Inc increased its stake in Advanced Micro Devices by 7.6% in Q1, acquiring a total of 98,676 shares valued at approximately $10.1 million.
• Several analysts have raised their price targets for AMD stock, with Barclays setting a target of $200.00 and Benchmark going as high as $210.00, indicating a positive outlook on the company's performance.
• Despite posting earnings that missed expectations, AMD's revenue was on the rise, showing a 31.7% increase year-over-year, highlighting growth potential despite recent challenges.

Bragg Financial Advisors Inc boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 98,676 shares of the semiconductor manufacturer's stock after buying an additional 6,951 shares during the period. Bragg Financial Advisors Inc's holdings in Advanced Micro Devices were worth $10,138,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMD. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of 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 period. American Capital Advisory LLC raised its stake in shares of 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 period. Finally, Investors Research Corp raised its stake in shares of 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 period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD stock traded up $4.05 during trading on Friday, hitting $167.76. 43,883,058 shares of the company's stock traded hands, compared to its average volume of 71,460,168. 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 52 week low of $76.48 and a 52 week high of $186.65. The stock has a fifty day moving average price of $155.48 and a two-hundred day moving average price of $122.00. The stock has a market capitalization of $272.25 billion, a price-to-earnings ratio of 96.41, a price-to-earnings-growth ratio of 1.94 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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 business had revenue of $7.69 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMD shares. Sanford C. Bernstein lifted their price target on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. TD Cowen lifted their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Wells Fargo & Company lifted their price target on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.12.

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.