GSA Capital Partners LLP Acquires Shares of 1,489 Advanced Micro Devices, Inc. $AMD

Key Points

• GSA Capital Partners acquired 1,489 AMD shares worth approximately $865,000 in the second quarter. Institutional investors collectively own 71.34% of the company.
• Analysts remain broadly positive, with AMD holding a consensus “Moderate Buy” rating and an average price target of $546.87, despite some recent neutral or hold ratings.
• AMD reported stronger-than-expected quarterly results, including $11.54 billion in revenue, up 50.1% year over year, and EPS of $1.66 versus the $1.62 consensus estimate. The stock trades at a high valuation, with a P/E ratio of 119.90.

GSA Capital Partners LLP bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,489 shares of the semiconductor manufacturer's stock, valued at approximately $865,000.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $4,929,312,000. Jennison Associates LLC raised its stake in Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after acquiring an additional 7,035,991 shares during the period. Cardano Risk Management B.V. bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $1,000,783,000. Wellington Management Group LLP lifted its holdings in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 24th. Wall Street Zen lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, BTIG Research raised shares of Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $546.87.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $466.42 on Thursday. The firm has a market capitalization of $761.42 billion, a P/E ratio of 119.90 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The stock's 50-day simple moving average is $512.54 and its two-hundred day simple moving average is $373.22. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the company posted $0.48 EPS. The company's revenue for the quarter was up 50.1% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Ava Hahn sold 143 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $474.75, for a total value of $67,889.25. Following the sale, the senior vice president directly owned 17,644 shares of the company's stock, valued at $8,376,489. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares of the company's stock, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. 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 sold a total of 163,959 shares of company stock valued at $77,640,312 over the last three months. Corporate insiders own 0.50% of the company's stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD appointed Tim Ryan to its board, adding expertise in technology, enterprise operations and financial governance. KC McClure was named chair of the Audit and Finance Committee, potentially strengthening oversight. AMD Appoints Tim Ryan to Board of Directors
• Positive Sentiment: Analysts and investment commentary remain constructive on AMD’s long-term outlook. CEO Lisa Su’s projection for more than 80% growth in server revenue, excluding AI accelerators, supports the strength of the broader data-center business. AMD Server Revenue Growth Outlook
• Positive Sentiment: AMD’s Helios platform, Instinct Coder private-enterprise AI offering and memorandum of understanding with Mexico’s Secihti add to the company’s AI and international growth initiatives. Their near-term earnings contribution remains uncertain. AMD Instinct Coder
• Neutral Sentiment: AMD’s latest quarterly results exceeded expectations, with revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share versus the $1.62 consensus. However, investors are increasingly demanding continued acceleration from the AI business.
• Negative Sentiment: A renewed technology sell-off pressured chip stocks even as major indexes recovered and Treasury yields eased. Concerns about borrowing costs, inflation, geopolitical tensions and elevated oil prices are weighing on high-growth AI names. Why Intel and AMD Stocks Are Falling
• Negative Sentiment: Valuation is a key risk: AMD trades at a high earnings multiple and at a premium to NVIDIA, leaving the stock vulnerable to disappointment or profit-taking despite strong growth forecasts. Analysts remain broadly bullish, with a reported consensus target of $546.87. AMD Versus NVIDIA Valuation
• Negative Sentiment: ARK Invest recently sold AMD shares while purchasing NVIDIA, adding modest near-term selling pressure and highlighting investor preference shifts within AI-chip stocks. Executive share sales were made under pre-arranged plans to cover tax withholding, reducing their bearish significance. ARK Invest Sells AMD

About Advanced Micro Devices

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.

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