Gamco Investors INC. ET AL Buys 2,178 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Gamco Investors INC. increased its stake in Advanced Micro Devices, Inc. (AMD) by 114.7% during the first quarter, now holding 4,077 shares worth $419,000.
• Several other institutional investors also boosted their AMD holdings in the fourth quarter, with Brighton Jones LLC increasing by 178.2%.
• Advanced Micro Devices recently reported $0.48 earnings per share, lower than analysts' expectations of $0.54, despite achieving a quarterly revenue of $7.69 billion.

Gamco Investors INC. ET AL grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 114.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,077 shares of the semiconductor manufacturer's stock after buying an additional 2,178 shares during the period. Gamco Investors INC. ET AL's holdings in Advanced Micro Devices were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC grew its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. grew its stake in shares of Advanced Micro Devices by 67.6% during 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. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were 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 owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,998 shares of company stock worth $41,415,580 over the last three months. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMD. DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price on the stock in a report on Thursday, August 7th. Sanford C. Bernstein lifted 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. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $110.00 to $175.00 in a report on Monday, June 23rd. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Raymond James Financial lifted their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Advanced Micro Devices Stock Down 3.5%

Shares of Advanced Micro Devices stock traded down $5.95 during trading on Friday, reaching $162.63. The stock had a trading volume of 37,429,409 shares, compared to its average volume of 61,523,572. The company has a market capitalization of $263.92 billion, a price-to-earnings ratio of 93.47, a P/E/G ratio of 1.93 and a beta of 1.92. The stock has a fifty day moving average price of $159.34 and a two-hundred day moving average price of $124.08. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week 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.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly 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 firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has initiated a stock repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Advanced Micro Devices 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.