Ilmarinen Mutual Pension Insurance Co Sells 13,000 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its stake in Advanced Micro Devices (AMD) by 4.7%, owning 262,000 shares valued at approximately $26.9 million after selling 13,000 shares recently.
• In the fourth quarter, several hedge funds increased their stakes in AMD significantly, including Brighton Jones LLC which raised its position by 178.2%.
• AMD's quarterly earnings report showed an EPS of $0.48, missing estimates while revenue increased by 31.7% year-over-year to $7.69 billion.

Ilmarinen Mutual Pension Insurance Co cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 262,000 shares of the semiconductor manufacturer's stock after selling 13,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Advanced Micro Devices were worth $26,918,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd increased its position in shares of Advanced Micro Devices by 1,793.5% during the 1st quarter. Plato Investment Management Ltd now owns 27,172 shares of the semiconductor manufacturer's stock valued at $2,822,000 after purchasing an additional 25,737 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $47,000. SCS Capital Management LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at $498,000. Optimize Financial Inc acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $1,963,000. Finally, Semmax Financial Advisors Inc. boosted its position in shares of Advanced Micro Devices by 115.1% in the 1st quarter. Semmax Financial Advisors Inc. now owns 370 shares of the semiconductor manufacturer's stock valued at $38,000 after purchasing an additional 198 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. 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 report on Wednesday, July 16th. Raymond James Financial increased their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Susquehanna increased their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. Morgan Stanley decreased their target price on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Finally, Sanford C. Bernstein raised their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Three research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $180.88.

Advanced Micro Devices Stock Up 1.9%

NASDAQ AMD traded up $2.90 during trading on Friday, hitting $158.57. 42,160,927 shares of the company traded hands, compared to its average volume of 46,677,555. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The business has a fifty day simple moving average of $162.72 and a 200 day simple moving average of $126.75. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $257.33 billion, a P/E ratio of 91.13, a PEG ratio of 1.88 and a beta of 1.92.

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 the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company'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 posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the sale, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 270,198 shares of company stock valued at $44,183,576. Company insiders own 0.06% of the company's stock.

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.