Ascent Group LLC Has $1.90 Million Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Ascent Group LLC has raised its holdings in Advanced Micro Devices (AMD) by 55.3% to $1.90 million, owning a total of 18,494 shares as of the latest SEC filing.
• Advanced Micro Devices recently reported a quarterly earnings miss with $0.48 earnings per share against the consensus estimate of $0.54, despite a 31.7% year-over-year revenue increase to $7.69 billion.
• Several institutional investors have increased their stakes in AMD, demonstrating strong interest in the company's stock, which is currently rated as a "Moderate Buy" by analysts with a consensus price target of $180.12.

Ascent Group LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,494 shares of the semiconductor manufacturer's stock after acquiring an additional 6,587 shares during the quarter. Ascent Group LLC's holdings in Advanced Micro Devices were worth $1,900,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. 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 valued at $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC increased its stake in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares during the period. Finally, Investors Research Corp increased its stake in Advanced Micro Devices by 117.9% in the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMD has been the topic of several research reports. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Wedbush reiterated a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research note on Monday, June 23rd. Sanford C. Bernstein upped their price objective on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.12.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $167.76 on Friday. The firm has a fifty day simple moving average of $155.48 and a 200-day simple moving average of $122.07. 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, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The stock has a market capitalization of $272.25 billion, a price-to-earnings ratio of 96.41, a PEG ratio of 1.98 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share 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 firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is 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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.