TT International Asset Management LTD Increases Position in Advanced Micro Devices, Inc. $AMD

Key Points

• TT International Asset Management LTD increased its stake in Advanced Micro Devices, Inc. by 52.3%, owning a total of 14,000 shares valued at approximately $1.99 million.
• Several hedge funds significantly boosted their investments in AMD, including Farmers & Merchants Trust Co, which increased its holdings by 277.8%.
• Advanced Micro Devices received upgraded price targets from multiple analysts, with Melius Research raising their target from $110 to $175, indicating growing optimism about the company's performance.

TT International Asset Management LTD increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,000 shares of the semiconductor manufacturer's stock after acquiring an additional 4,809 shares during the period. TT International Asset Management LTD's holdings in Advanced Micro Devices were worth $1,987,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Sandy Cove Advisors LLC boosted its stake in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock worth $776,000 after acquiring an additional 75 shares during the last quarter. Seaview Investment Managers LLC lifted its stake in shares of Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock worth $232,000 after buying an additional 93 shares in the last quarter. Tompkins Financial Corp increased its position in shares of Advanced Micro Devices by 30.3% during the second quarter. Tompkins Financial Corp now owns 417 shares of the semiconductor manufacturer's stock valued at $59,000 after acquiring an additional 97 shares during the last quarter. Activest Wealth Management lifted its position in shares of Advanced Micro Devices by 9.4% during the 1st quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock worth $117,000 after buying an additional 98 shares during the last quarter. Finally, Bangor Savings Bank grew its stake in shares of Advanced Micro Devices by 8.4% during the 2nd quarter. Bangor Savings Bank now owns 1,314 shares of the semiconductor manufacturer's stock worth $186,000 after purchasing an additional 102 shares during the period. 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 business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 270,198 shares of company stock worth $44,183,576. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 0.3%

Advanced Micro Devices stock traded down $0.53 during mid-day trading on Friday, reaching $157.39. 55,344,690 shares of the company's stock were exchanged, compared to its average volume of 42,108,448. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a market cap of $255.42 billion, a P/E ratio of 90.45, a P/E/G ratio of 1.85 and a beta of 1.92. The company has a fifty day moving average of $165.02 and a 200-day moving average of $129.33.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

AMD has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Piper Sandler boosted their price target on Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. Finally, Rosenblatt Securities restated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research 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 issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.88.

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.