Advanced Micro Devices, Inc. $AMD Holdings Cut by Roanoke Asset Management Corp NY

Key Points

• Roanoke Asset Management Corp NY reduced its holdings in Advanced Micro Devices (AMD) by 6.9%, now owning 88,746 shares, making it the 8th largest position in their portfolio.
• AMD reported $0.48 EPS for the quarter, missing forecasts by $0.06, while revenue was significantly above expectations at $7.69 billion.
• The company initiated a $6.00 billion stock repurchase plan to buy back up to 3.1% of its outstanding shares, signaling potential undervaluation of its stock.

Roanoke Asset Management Corp NY cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,746 shares of the semiconductor manufacturer's stock after selling 6,558 shares during the quarter. Advanced Micro Devices makes up 3.1% of Roanoke Asset Management Corp NY's portfolio, making the stock its 8th biggest holding. Roanoke Asset Management Corp NY's holdings in Advanced Micro Devices were worth $9,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMD. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in 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 worth $28,000 after buying an additional 200 shares in the last quarter. American Capital Advisory LLC boosted its holdings in 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 in the last quarter. Kozak & Associates Inc. boosted its holdings in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $30,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 of the company's stock, valued at $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 SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on 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 completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup lifted their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. HSBC upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Thursday, July 10th. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research report on Monday, June 23rd. Finally, Truist Financial upped their target price on shares of Advanced Micro Devices from $111.00 to $173.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $180.12.

Advanced Micro Devices Stock Performance

AMD stock traded down $9.59 during mid-day trading on Tuesday, hitting $166.55. 63,075,856 shares of the company were exchanged, compared to its average volume of 46,916,359. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The business has a 50 day simple moving average of $151.80 and a 200-day simple moving average of $120.71. The stock has a market capitalization of $270.28 billion, a PE ratio of 95.72, a price-to-earnings-growth ratio of 2.10 and a beta of 1.94. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $7.41 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

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.