E Fund Management Co. Ltd. Has $248.07 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• E Fund Management increased its AMD stake by 188.6% in the second quarter, owning 427,038 shares worth approximately $248.1 million. AMD now represents about 5.6% of the firm’s portfolio and is its third-largest holding.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $546.95; several firms recently raised AMD’s targets to $700.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, exceeding estimates. However, the stock faces valuation, competition and broader AI-chip market risks, while insiders have sold nearly $100 million in shares over the past three months.

E Fund Management Co. Ltd. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 188.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 427,038 shares of the semiconductor manufacturer's stock after acquiring an additional 279,077 shares during the period. Advanced Micro Devices makes up approximately 5.6% of E Fund Management Co. Ltd.'s holdings, making the stock its 3rd biggest position. E Fund Management Co. Ltd.'s holdings in Advanced Micro Devices were worth $248,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Luminist Capital LLC bought a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $46,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Advanced Micro Devices in the second quarter worth $53,000. Toews Corp ADV purchased a new stake in Advanced Micro Devices during the second quarter valued at $66,000. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the fourth quarter valued at about $25,000. Finally, Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth about $27,000. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of several research reports. Seaport Research Partners raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 price target for the company in a research report on Wednesday, May 6th. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. UBS Group reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Needham & Company LLC raised Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $700.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $546.95.

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD received a bullish BMO price-target call, with its AI ambitions supported by reported relationships or deals involving Meta, OpenAI and Anthropic. AMD Stock Gets Stunning Price Target From Wall Street
• Positive Sentiment: The company is investing more than $10 billion in Taiwan’s advanced-packaging and AI-system manufacturing ecosystem, including its supply-chain relationship with TSMC. The spending is intended to remove capacity constraints and support more than 60% annual data-center revenue growth over the next three to five years. AMD Is Investing More Than $10 Billion in Taiwan
• Positive Sentiment: Analysts and fund commentary see AMD as a potential beneficiary of increasingly CPU-intensive AI data centers, broadening the opportunity beyond accelerator chips. Can AMD Win From More CPU-Heavy AI Data Centers?
• Neutral Sentiment: AMD raised approximately $4.75 billion through unsecured senior notes and filed to potentially issue additional debt. The financing strengthens its ability to fund AI infrastructure, but also adds interest obligations and raises questions about capital efficiency. The appointment of Citi executive Tim Ryan to the board may bolster financial and strategic expertise. AMD Debt Raise and Taiwan AI Push
• Negative Sentiment: Semiconductor stocks sold off broadly ahead of Nvidia’s August 26 earnings release. Investors appear to be de-risking accelerator exposure because Nvidia’s results or outlook could reset expectations for the entire AI-chip trade. Intel and AMD Decline in Chip Sell-Off
• Negative Sentiment: AMD’s roughly $745 billion market capitalization and elevated price-to-earnings ratio leave the stock vulnerable to profit-taking when sentiment toward high-growth AI companies weakens. Concerns about competition from Nvidia and newer challengers such as Cerebras add to the pressure. Cerebras Revenue Surges and Implications for AMD

Advanced Micro Devices Stock Down 3.5%

Shares of AMD stock opened at $456.74 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The company's fifty day moving average price is $509.59 and its 200-day moving average price is $377.97. The company has a market capitalization of $745.61 billion, a price-to-earnings ratio of 117.41 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the sale, the chief executive officer owned 3,102,156 shares of the company's stock, valued at approximately $1,491,950,906.64. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares of the company's stock, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 210,763 shares of company stock worth $99,912,107 in the last three months. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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