Alight Capital Management LP Invests $3.08 Million in Advanced Micro Devices, Inc. $AMD

Key Points

• Alight Capital Management LP acquired 30,000 shares of Advanced Micro Devices, Inc. for approximately $3.08 million, making AMD 1.4% of its investment portfolio.
• Advanced Micro Devices reported quarterly earnings of $0.48 per share, missing estimates, while revenues rose to $7.69 billion, exceeding projections.
• Various institutional investors increased their stakes in AMD, with Vanguard Group owning the largest share of over $15.6 billion, reflecting strong investor interest in the semiconductor manufacturer.

Alight Capital Management LP bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,000 shares of the semiconductor manufacturer's stock, valued at approximately $3,082,000. Advanced Micro Devices makes up 1.4% of Alight Capital Management LP's holdings, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares during the last quarter. Triumph Capital Management boosted its stake in shares of Advanced Micro Devices by 27.2% during the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock worth $2,818,000 after purchasing an additional 4,992 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $4,027,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,998 shares of company stock worth $41,415,580 over the last 90 days. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 6.6%

Shares of AMD traded down $10.65 during mid-day trading on Friday, reaching $151.14. 77,891,119 shares of the stock traded hands, compared to its average volume of 48,056,704. The firm has a market cap of $245.28 billion, a price-to-earnings ratio of 86.86, a P/E/G ratio of 1.90 and a beta of 1.92. The stock has a fifty day simple moving average of $161.36 and a 200 day simple moving average of $125.54. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-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.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 EPS. 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 fiscal year.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMD shares. The Goldman Sachs Group raised shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a research note on Thursday, July 10th. Hsbc Global Res raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Barclays raised their target price on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Evercore ISI raised their target price on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $181.33.

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.