Advanced Micro Devices, Inc. $AMD Shares Sold by Crake Asset Management LLP

Key Points

• Crake Asset Management LLP significantly reduced its stake in Advanced Micro Devices (AMD) by selling 1,368,000 shares, lowering its ownership by 82.8% to 284,945 shares, worth approximately $29.3 million.
• Several institutional investors increased their holdings in AMD, with Vermillion & White Wealth Management Group LLC raising its stake by 29.0% in Q1.
• AMD's stock has a consensus rating of "Moderate Buy" with an average price target of $181.33, while it reported a decrease in earnings per share for the latest quarter.

Crake Asset Management LLP trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 82.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 284,945 shares of the semiconductor manufacturer's stock after selling 1,368,000 shares during the quarter. Advanced Micro Devices accounts for 2.4% of Crake Asset Management LLP's holdings, making the stock its 11th largest holding. Crake Asset Management LLP's holdings in Advanced Micro Devices were worth $29,275,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AMD. 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. Revolve Wealth Partners LLC grew its stake in 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 valued at $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in 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 valued at $31,958,000 after purchasing an additional 29,825 shares during the last quarter. Triumph Capital Management grew its stake in Advanced Micro Devices by 27.2% during the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock valued at $2,818,000 after purchasing an additional 4,992 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in Advanced Micro Devices by 3.4% during the 4th quarter. Captrust Financial Advisors now owns 78,273 shares of the semiconductor manufacturer's stock valued at $9,455,000 after purchasing an additional 2,592 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 6.6%

AMD traded down $10.65 during mid-day trading on Friday, hitting $151.14. 77,891,119 shares of the stock were exchanged, compared to its average volume of 48,056,704. The firm's fifty day moving average is $161.36 and its two-hundred day moving average is $125.54. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $245.28 billion, a PE ratio of 86.86, a PEG ratio of 1.90 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has approved a stock 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. Raymond James Financial lifted their price objective on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. UBS Group raised their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Citigroup lifted their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Evercore ISI lifted their price objective on 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.33.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 252,998 shares of company stock valued at $41,415,580. 0.06% of the stock is currently owned by corporate insiders.

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.