GDS Wealth Management Sells 25,772 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• GDS Wealth Management has reduced its stake in Advanced Micro Devices, Inc. (AMD) by 29.2%, selling 25,772 shares and retaining 62,364 shares valued at approximately $6.4 million.
• Advanced Micro Devices reported earnings per share (EPS) of $0.48 for the last quarter, missing analysts' expectations, but achieved revenue of $7.69 billion, surpassing forecasts.
• Several institutional investors, including Brighton Jones LLC and TD Waterhouse Canada, significantly increased their positions in AMD during the fourth quarter, indicating growing interest in the company's stock.

GDS Wealth Management lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 29.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,364 shares of the semiconductor manufacturer's stock after selling 25,772 shares during the quarter. GDS Wealth Management's holdings in Advanced Micro Devices were worth $6,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMD. Brighton Jones LLC grew its position in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Advanced Micro Devices by 32.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 136,011 shares of the semiconductor manufacturer's stock worth $16,429,000 after purchasing an additional 33,295 shares in the last quarter. Finally, SIH Partners LLLP purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $1,352,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $166.55 on Wednesday. The stock has a market cap of $270.28 billion, a price-to-earnings ratio of 95.72, a price-to-earnings-growth ratio of 2.08 and a beta of 1.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a 50 day moving average price of $152.66 and a 200-day moving average price of $121.02. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter last year, the firm posted $0.69 EPS. Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has authorized a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays raised their price target on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Benchmark raised their price target on Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Raymond James Financial raised their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Susquehanna raised their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $180.12.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following 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 position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.