Altman Advisors Inc. Invests $4.97 Million in Advanced Micro Devices, Inc. $AMD

Key Points

• Altman Advisors initiated a $4.97 million AMD position by purchasing 8,564 shares in the second quarter, making AMD approximately 1.8% of its portfolio. Institutional investors collectively own 71.34% of AMD.
• AMD’s latest quarterly results exceeded expectations, with adjusted EPS of $1.66 and revenue of $11.54 billion, up 50.1% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $546.95.
• Insiders sold $99.9 million of AMD stock over the past 90 days, including sales by CEO Lisa Su and EVP Paul Grasby. Shares opened at $456.74, down 3.5%, amid broader semiconductor weakness and concerns about AMD’s elevated valuation and competition.

Altman Advisors Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,564 shares of the semiconductor manufacturer's stock, valued at approximately $4,975,000. Advanced Micro Devices comprises approximately 1.8% of Altman Advisors Inc.'s investment portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Telligent Fund LP lifted its position in shares of Advanced Micro Devices by 25.0% during the 2nd quarter. Telligent Fund LP now owns 10,000 shares of the semiconductor manufacturer's stock worth $5,809,000 after buying an additional 2,000 shares in the last quarter. August Group Capital Ltd increased its position in shares of Advanced Micro Devices by 7.7% during the second quarter. August Group Capital Ltd now owns 1,432 shares of the semiconductor manufacturer's stock valued at $832,000 after acquiring an additional 102 shares during the last quarter. E Fund Management Co. Ltd. raised its position in Advanced Micro Devices by 188.6% in the second quarter. E Fund Management Co. Ltd. now owns 427,038 shares of the semiconductor manufacturer's stock worth $248,071,000 after acquiring an additional 279,077 shares during the period. Oriental Harbor Investment Master Fund bought a new stake in Advanced Micro Devices in the second quarter worth about $146,062,000. Finally, MSH Capital Advisors LLC boosted its stake in Advanced Micro Devices by 14.2% in the second quarter. MSH Capital Advisors LLC now owns 2,156 shares of the semiconductor manufacturer's stock valued at $1,252,000 after acquiring an additional 268 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 15,000 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the transaction, the executive vice president owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 210,763 shares of company stock valued at $99,912,107 over the last 90 days. Insiders own 0.50% of the company's stock.

Advanced Micro Devices Trading Down 3.5%

Shares of AMD opened at $456.74 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The stock has a market cap of $745.61 billion, a PE ratio of 117.41 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The business's 50-day moving average price is $509.59 and its 200-day moving average price is $377.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period in the previous year, the business earned $0.48 EPS. The business's revenue for the quarter was up 50.1% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. DA Davidson upped their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the stock an "outperform" rating in a report on Monday, June 15th. TD Cowen reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Roth Capital increased their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, Jefferies Financial Group set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $546.95.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD received a bullish BMO price-target call, with its AI ambitions supported by reported relationships or deals involving Meta, OpenAI and Anthropic. AMD Stock Gets Stunning Price Target From Wall Street
• Positive Sentiment: The company is investing more than $10 billion in Taiwan’s advanced-packaging and AI-system manufacturing ecosystem, including its supply-chain relationship with TSMC. The spending is intended to remove capacity constraints and support more than 60% annual data-center revenue growth over the next three to five years. AMD Is Investing More Than $10 Billion in Taiwan
• Positive Sentiment: Analysts and fund commentary see AMD as a potential beneficiary of increasingly CPU-intensive AI data centers, broadening the opportunity beyond accelerator chips. Can AMD Win From More CPU-Heavy AI Data Centers?
• Neutral Sentiment: AMD raised approximately $4.75 billion through unsecured senior notes and filed to potentially issue additional debt. The financing strengthens its ability to fund AI infrastructure, but also adds interest obligations and raises questions about capital efficiency. The appointment of Citi executive Tim Ryan to the board may bolster financial and strategic expertise. AMD Debt Raise and Taiwan AI Push
• Negative Sentiment: Semiconductor stocks sold off broadly ahead of Nvidia’s August 26 earnings release. Investors appear to be de-risking accelerator exposure because Nvidia’s results or outlook could reset expectations for the entire AI-chip trade. Intel and AMD Decline in Chip Sell-Off
• Negative Sentiment: AMD’s roughly $745 billion market capitalization and elevated price-to-earnings ratio leave the stock vulnerable to profit-taking when sentiment toward high-growth AI companies weakens. Concerns about competition from Nvidia and newer challengers such as Cerebras add to the pressure. Cerebras Revenue Surges and Implications for AMD

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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