Diversified Trust Co Purchases 14,945 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Diversified Trust Co's investment in Advanced Micro Devices, Inc. increased by 201.5% during Q2, bringing its total holdings to 22,361 shares valued at approximately $3.17 million.
• The company recently reported an earnings per share (EPS) of $0.48, which fell short of the estimated $0.54, despite higher revenues of $7.69 billion, exceeding expectations.
• Wall Street analysts have notably raised their price targets for AMD, with Susquehanna increasing theirs from $135.00 to $210.00 and several others predicting strong future growth for the company.

Diversified Trust Co grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 201.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,361 shares of the semiconductor manufacturer's stock after acquiring an additional 14,945 shares during the quarter. Diversified Trust Co's holdings in Advanced Micro Devices were worth $3,173,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMD. Brighton Jones LLC raised its holdings in Advanced Micro Devices by 178.2% in the fourth 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 boosted its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after buying an additional 234 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of 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 worth $31,958,000 after acquiring an additional 29,825 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $42,867,000. Finally, Formidable Asset Management LLC boosted its position in Advanced Micro Devices by 86.9% during the fourth quarter. Formidable Asset Management LLC now owns 11,076 shares of the semiconductor manufacturer's stock worth $1,338,000 after purchasing an additional 5,149 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $0.53 during trading hours on Friday, hitting $157.39. 55,344,690 shares of the company's stock traded hands, compared to its average volume of 42,680,920. 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 business's fifty day moving average price is $165.02 and its two-hundred day moving average price is $129.55. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The firm has a market capitalization of $255.42 billion, a P/E ratio of 90.45, a P/E/G ratio of 1.85 and a beta of 1.92.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price objective for the company in a research note on Thursday, July 10th. Jefferies Financial Group upped their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Sanford C. Bernstein increased their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Susquehanna raised their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.88.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,198 shares of company stock valued at $44,183,576 over the last three months. 0.06% of the stock is currently owned by company insiders.

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.