Kercheville Advisors LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Kercheville Advisors LLC has invested approximately $1.75 million in Advanced Micro Devices, Inc. (AMD), acquiring 12,350 shares in the second quarter.
• Despite reporting a missed EPS estimate of $0.48 against the expected $0.54, AMD's revenue increased by 31.7% year-over-year, reaching $7.69 billion.
• Recently, several analysts have upgraded AMD's price targets, with Piper Sandler setting a new target at $190 and Raymond James at $200, reflecting a positive outlook on the company's performance.

Kercheville Advisors LLC purchased 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 disclosure with the Securities & Exchange Commission. The firm purchased 12,350 shares of the semiconductor manufacturer's stock, valued at approximately $1,752,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tritonpoint Wealth LLC grew its stake in shares of Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock valued at $405,000 after buying an additional 72 shares in the last quarter. Scott & Selber Inc. grew its stake in Advanced Micro Devices by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock valued at $1,485,000 after purchasing an additional 73 shares in the last quarter. Sandy Cove Advisors LLC grew its stake in Advanced Micro Devices by 1.4% during the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after purchasing an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc grew its stake in Advanced Micro Devices by 3.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock valued at $381,000 after purchasing an additional 85 shares in the last quarter. Finally, Seaview Investment Managers LLC grew its stake in Advanced Micro Devices by 4.3% during the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $164.67 on Friday. The company has a market cap of $267.23 billion, a P/E ratio of 94.64, a PEG ratio of 1.94 and a beta of 1.90. The stock has a fifty day moving average price of $165.94 and a 200 day moving average price of $133.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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). The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Raymond James Financial raised their price objective on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Jefferies Financial Group raised their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Erste Group Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $180.88.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices 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 sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the sale, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock valued at $44,554,848 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

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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