CHURCHILL MANAGEMENT Corp Takes Position in Advanced Micro Devices, Inc. $AMD

Key Points

• CHURCHILL MANAGEMENT Corp has purchased 55,608 shares of Advanced Micro Devices, Inc. (AMD) valued at approximately $7.89 million during the second quarter.
• Brokerages have significantly raised their price targets for AMD, with estimates ranging from $140 to $200 and a consensus price target of $180.88.
• AMD reported earnings of $0.48 per share, missing consensus estimates, although its revenue was up 31.7% year-over-year, at $7.69 billion.

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,608 shares of the semiconductor manufacturer's stock, valued at approximately $7,891,000.

A number of other large investors also recently modified their holdings of the business. Tritonpoint Wealth LLC boosted its stake in Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock valued at $405,000 after buying an additional 72 shares in the last quarter. Scott & Selber Inc. boosted its stake in Advanced Micro Devices by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock valued at $1,485,000 after buying an additional 73 shares in the last quarter. Sandy Cove Advisors LLC boosted its stake in Advanced Micro Devices by 1.4% in the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after buying an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its stake in Advanced Micro Devices by 3.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock valued at $381,000 after buying an additional 85 shares in the last quarter. Finally, Seaview Investment Managers LLC boosted its stake in Advanced Micro Devices by 4.3% in the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after buying an additional 93 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMD. Melius Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Sanford C. Bernstein boosted their price target on 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. Citigroup boosted their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $180.88.

Advanced Micro Devices Trading Up 1.4%

AMD stock opened at $164.01 on Thursday. The company has a market cap of $266.16 billion, a P/E ratio of 94.26, a PEG ratio of 1.91 and a beta of 1.90. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve 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. The business has a fifty day moving average of $165.82 and a 200-day moving average of $132.56.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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). The firm had revenue of $7.69 billion for 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 was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares of the company's stock, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,448 shares of company stock worth $44,554,848. Insiders own 0.06% of the company's stock.

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.

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