IFM Investors Pty Ltd Purchases 14,739 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• IFM Investors Pty Ltd increased its holdings in Advanced Micro Devices, Inc. by 4.8% after acquiring an additional 14,739 shares, bringing their total to 319,893 shares valued at approximately $45.39 million.
• Advanced Micro Devices reported a quarterly earnings per share (EPS) of $0.48, which was below analysts' expectations of $0.54, despite a revenue increase of 31.7% year-over-year to $7.69 billion.
• Research firms have a generally positive outlook on AMD, with multiple firms raising their target prices, indicating strong investor confidence with three "Strong Buy" ratings and a moderate buy rating from the majority of analysts.

IFM Investors Pty Ltd grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,893 shares of the semiconductor manufacturer's stock after acquiring an additional 14,739 shares during the period. IFM Investors Pty Ltd's holdings in Advanced Micro Devices were worth $45,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% during the 4th 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 lifted its stake in shares of Advanced Micro Devices by 2.9% during the 4th 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 lifted its stake in shares of Advanced Micro Devices by 12.7% during the 4th 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. Waverly Advisors LLC lifted its stake in shares of Advanced Micro Devices by 238.3% during the 4th quarter. Waverly Advisors LLC now owns 30,274 shares of the semiconductor manufacturer's stock worth $3,657,000 after buying an additional 21,325 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its stake in shares of Advanced Micro Devices by 21.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 12,536 shares of the semiconductor manufacturer's stock worth $1,514,000 after buying an additional 2,182 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 0.8%

NASDAQ:AMD opened at $157.92 on Friday. The firm's fifty day moving average is $164.80 and its 200-day moving average is $128.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The firm has a market cap of $256.28 billion, a P/E ratio of 90.76, a P/E/G ratio of 1.88 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $7.41 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The company'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 earnings per share for the current year.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company'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 sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 270,198 shares of company stock valued at $44,183,576. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMD. Benchmark raised their target price on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Piper Sandler lifted their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and lifted their price objective for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Finally, Susquehanna lifted their price objective on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $180.88.

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.

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