Firetrail Investments PTY Ltd. Reduces Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Firetrail Investments cut its AMD position by 37.8% in the second quarter, selling 28,800 shares and retaining 47,326 shares worth approximately $27.3 million. AMD remains the fund’s second-largest holding, representing 7.7% of its portfolio.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, exceeding analyst expectations; revenue increased 50.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $546.95.
• Insiders have sold roughly $99.9 million of AMD stock over the past three months, while the shares trade at a high P/E ratio of 121.66. Although many sales were conducted under pre-arranged plans or for tax obligations, the activity and elevated valuation may weigh on investor sentiment.

Firetrail Investments PTY Ltd. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 37.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 47,326 shares of the semiconductor manufacturer's stock after selling 28,800 shares during the quarter. Advanced Micro Devices comprises about 7.7% of Firetrail Investments PTY Ltd.'s holdings, making the stock its 2nd biggest holding. Firetrail Investments PTY Ltd.'s holdings in Advanced Micro Devices were worth $27,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd raised its holdings in Advanced Micro Devices by 0.5% in the second quarter. Plato Investment Management Ltd now owns 43,401 shares of the semiconductor manufacturer's stock worth $25,065,000 after buying an additional 236 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Advanced Micro Devices by 8.8% during the second quarter. Bell Investment Advisors Inc now owns 1,009 shares of the semiconductor manufacturer's stock valued at $586,000 after buying an additional 82 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Advanced Micro Devices by 4.0% during the second quarter. Hexagon Capital Partners LLC now owns 2,079 shares of the semiconductor manufacturer's stock valued at $1,208,000 after acquiring an additional 79 shares in the last quarter. AMG National Trust Bank increased its position in shares of Advanced Micro Devices by 26.3% during the second quarter. AMG National Trust Bank now owns 3,045 shares of the semiconductor manufacturer's stock valued at $1,769,000 after acquiring an additional 634 shares in the last quarter. Finally, Prospect Financial Group LLC purchased a new position in Advanced Micro Devices in the 2nd quarter worth approximately $306,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $473.25 on Friday. The stock has a market cap of $772.57 billion, a P/E ratio of 121.66 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock's fifty day moving average is $511.40 and its 200 day moving average is $375.55. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73.

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

Wall Street Analyst Weigh In

AMD has been the topic of several recent analyst reports. Seaport Research Partners upgraded Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price on the stock in a research note on Wednesday, May 6th. Bank of America upped their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Loop Capital raised Advanced Micro Devices to a "strong-buy" rating in a research report on Tuesday, June 16th. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. Finally, Northland Securities reissued a "market perform" rating and issued a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $546.95.

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 15,000 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares of the company's stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 210,763 shares of company stock worth $99,912,107 in the last three months. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

Advanced Micro Devices Company 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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source