GAMMA Investing LLC Boosts Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• GAMMA Investing LLC increased its stake in Advanced Micro Devices (AMD) by 18.5%, owning a total of 23,173 shares valued at approximately $3.29 million.
• Several institutional investors have also increased their positions in AMD, with total institutional ownership at 71.34%.
• AMD reported $0.48 earnings per share for the last quarter, missing analysts' expectations, but noted a 31.7% revenue increase year-over-year.

GAMMA Investing LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,173 shares of the semiconductor manufacturer's stock after acquiring an additional 3,619 shares during the period. GAMMA Investing LLC's holdings in Advanced Micro Devices were worth $3,288,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock valued at $15,654,222,000 after buying an additional 2,157,199 shares in the last quarter. Amundi grew its holdings in Advanced Micro Devices by 8.0% during the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock worth $1,677,014,000 after acquiring an additional 1,319,064 shares in the last quarter. Invesco Ltd. increased its stake in Advanced Micro Devices by 4.0% in the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock valued at $1,214,285,000 after purchasing an additional 450,695 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Advanced Micro Devices by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock valued at $1,083,815,000 after acquiring an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after acquiring an additional 5,915,185 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Truist Financial upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and increased their target price for the company from $173.00 to $213.00 in a report on Tuesday, August 26th. Mizuho boosted their target price on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Evercore ISI raised their price target on Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Finally, Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $180.88.

Advanced Micro Devices Price Performance

AMD stock traded up $2.40 during midday trading on Monday, reaching $159.79. The company had a trading volume of 46,402,872 shares, compared to its average volume of 42,680,920. The stock has a 50 day moving average price of $165.29 and a 200-day moving average price of $129.96. The company has a market capitalization of $259.31 billion, a price-to-earnings ratio of 91.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65.

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

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president owned 313,848 shares of the company's stock, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is currently owned by insiders.

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.