EdgeRock Capital LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• EdgeRock Capital LLC has made a new investment in Advanced Micro Devices, purchasing 1,798 shares valued at approximately $255,000 during the second quarter.
• Advanced Micro Devices recently reported earnings of $0.48 per share for the quarter, which missed analysts' expectations of $0.54, while the revenue of $7.69 billion exceeded the consensus estimate.
• Several research analysts have raised their target prices for Advanced Micro Devices, with TD Cowen increasing it from $165 to $195 and Bank of America boosting it from $175 to $200, both giving a "buy" rating.

EdgeRock Capital LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,798 shares of the semiconductor manufacturer's stock, valued at approximately $255,000.

Other hedge funds have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC boosted its holdings in Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. increased its position in Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. Investors Research Corp increased its position in Advanced Micro Devices by 117.9% in the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 165 shares during the period. Finally, Bear Mountain Capital Inc. raised its holdings in Advanced Micro Devices by 75.0% during the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 150 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Up 0.2%

NASDAQ AMD opened at $161.27 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The stock's 50-day moving average is $165.43 and its 200-day moving average is $130.84. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The firm has a market cap of $261.72 billion, a P/E ratio of 92.68, a P/E/G ratio of 1.90 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its 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 business 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%.Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Bank of America raised their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. Barclays increased their price target 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. Finally, Stifel Nicolaus lifted their price objective on Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Three equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Insider Activity at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the firm's 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 sale, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction on Thursday, August 21st. The shares were 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 directly owned 3,359,748 shares in the company, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock worth $44,183,576 over the last three months. 0.06% of the stock is currently owned by 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.

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