Connective Capital Management LLC Invests $2.15 Million in Advanced Micro Devices, Inc. $AMD

Key Points

• Connective Capital Management LLC acquired approximately 20,962 shares of Advanced Micro Devices (AMD) worth around $2.15 million, making it the firm's 16th largest holding.
• Multiple institutional investors, including Vanguard Group and UBS AM, have increased their stakes in AMD, demonstrating growing institutional confidence with more than 71% of the stock held by institutional investors.
• AMD reported an earnings per share (EPS) of $0.48 for the last quarter, missing expectations, but achieved a revenue of $7.69 billion, reflecting a 31.7% increase year-over-year.

Connective Capital Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,962 shares of the semiconductor manufacturer's stock, valued at approximately $2,154,000. Advanced Micro Devices accounts for about 2.0% of Connective Capital Management LLC's investment portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after acquiring an additional 4,461,609 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after purchasing an additional 29,825 shares in the last quarter. Valicenti Advisory Services Inc. lifted its holdings in shares of Advanced Micro Devices by 4.0% during the first quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock valued at $7,893,000 after purchasing an additional 2,944 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Advanced Micro Devices by 17.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,728 shares of the semiconductor manufacturer's stock worth $178,000 after purchasing an additional 253 shares in the last quarter. Finally, Brighton Jones LLC boosted its position 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 worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. UBS Group lifted their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Piper Sandler increased their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company upped their target price on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices 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 in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 225,000 shares of the company'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 transaction, the chief executive officer directly owned 3,359,748 shares of the company's stock, 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 sold a total of 252,998 shares of company stock worth $41,415,580 over the last three months. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $1.45 during midday trading on Thursday, hitting $168.58. 36,167,555 shares of the company's stock traded hands, compared to its average volume of 46,807,125. The firm has a fifty day moving average of $157.82 and a 200 day moving average of $123.16. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market capitalization of $273.58 billion, a price-to-earnings ratio of 96.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

About Advanced Micro Devices

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.