Katamaran Capital LLP Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Katamaran Capital LLP has made a new investment in Advanced Micro Devices (AMD), acquiring 12,243 shares valued at approximately $1.7 million, which accounts for 1.6% of its investment portfolio.
• Several other institutional investors significantly increased their holdings in AMD during the second quarter, with Dogwood Wealth Management growing its position by 2,311.1%.
• CEO Lisa T. Su sold 225,000 shares of AMD stock for about $36.9 million, which reduced her ownership by 6.28%, amid a broader trend of insider selling at the company.

Katamaran Capital LLP bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,243 shares of the semiconductor manufacturer's stock, valued at approximately $1,737,000. Advanced Micro Devices makes up 1.6% of Katamaran Capital LLP's investment portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dogwood Wealth Management LLC grew its position in shares of Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after purchasing an additional 208 shares in the last quarter. West Branch Capital LLC grew its position in shares of Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 214 shares in the last quarter. High Note Wealth LLC grew its position in shares of Advanced Micro Devices by 285.5% during the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 197 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the period. Finally, American Capital Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares of the company's stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,316 shares of company stock valued at $45,203,045 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $232.89 on Friday. The company has a market cap of $377.94 billion, a price-to-earnings ratio of 133.84, a PEG ratio of 2.77 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $169.47 and a 200 day simple moving average of $136.53. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $240.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly 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 business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the company posted $0.69 earnings per share. The company's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Truist Financial reaffirmed a "buy" rating and set a $273.00 price target (up previously from $213.00) on shares of Advanced Micro Devices in a report on Tuesday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Roth Capital set a $250.00 price target on shares of Advanced Micro Devices and gave the stock a "buy" rating in a report on Monday. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday. Finally, Barclays upped their price target on shares of Advanced Micro Devices from $200.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $217.70.

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.

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.