Ieq Capital LLC Acquires 28,286 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Ieq Capital LLC increased its stake in Advanced Micro Devices (AMD) by 33.5%, now owning 112,726 shares worth approximately $11.58 million.
• Multiple large investors have significantly boosted their positions in AMD, leading to 71.34% of the stock being held by institutional investors and hedge funds.
• Analysts are bullish on AMD, with a mix of upgrades, resulting in an average price target of $181.33 and a consensus rating of "Moderate Buy."

Ieq Capital LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,726 shares of the semiconductor manufacturer's stock after purchasing an additional 28,286 shares during the period. Ieq Capital LLC's holdings in Advanced Micro Devices were worth $11,582,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in 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 buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in 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 buying an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in 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 buying an additional 29,825 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth about $601,000. Finally, AQR Capital Management LLC grew its stake in Advanced Micro Devices by 55.9% during the fourth quarter. AQR Capital Management LLC now owns 276,832 shares of the semiconductor manufacturer's stock worth $33,439,000 after buying an additional 99,317 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The shares were 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 approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 252,998 shares of company stock worth $41,415,580. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 3.5%

NASDAQ AMD traded down $5.95 during trading hours on Friday, hitting $162.63. The company's stock had a trading volume of 37,429,409 shares, compared to its average volume of 63,417,536. The stock has a fifty day moving average of $159.34 and a 200 day moving average of $124.00. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The firm has a market capitalization of $263.92 billion, a P/E ratio of 93.47, a PEG ratio of 1.93 and a beta of 1.94. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

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

Advanced Micro Devices announced that its Board of Directors has approved a share 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Benchmark increased their price target on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Evercore ISI increased their price target on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research note on Monday, June 23rd. Bank of America increased their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Susquehanna increased their price target on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.33.

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.