LGT Fund Management Co Ltd. Has $747,000 Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• LGT Fund Management Co Ltd. significantly reduced its holdings in Advanced Micro Devices, Inc. by 83.4%, now owning $747,000 worth of stock after selling 26,500 shares.
• Multiple hedge funds have varied their stakes in AMD, with some increasing their holdings, including Tritonpoint Wealth and Scott & Selber Inc., which boosted their positions by 2.6% and 0.7% respectively.
• Recent insider sales include EVP Mark D. Papermaster and CEO Lisa T. Su, who sold 17,998 and 225,000 shares respectively, reflecting both a decrease in their positions and raising concerns among investors.

LGT Fund Management Co Ltd. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 83.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,264 shares of the semiconductor manufacturer's stock after selling 26,500 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Advanced Micro Devices were worth $747,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC boosted its holdings in 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 acquiring an additional 72 shares during the last quarter. Scott & Selber Inc. boosted its holdings in Advanced Micro Devices by 0.7% in the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock valued at $1,485,000 after acquiring an additional 73 shares during the last quarter. Sandy Cove Advisors LLC boosted its holdings in Advanced Micro Devices by 1.4% in the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after acquiring an additional 75 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in Advanced Micro Devices by 3.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock valued at $381,000 after acquiring an additional 85 shares during the last quarter. Finally, Seaview Investment Managers LLC boosted its holdings in Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 272,448 shares of company stock worth $44,554,848. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Erste Group Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Seaport Res Ptn cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. TD Cowen raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price on the stock in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $180.88.

Advanced Micro Devices Trading Down 3.0%

NASDAQ:AMD opened at $164.67 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. 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 stock has a market capitalization of $267.23 billion, a PE ratio of 94.64, a price-to-earnings-growth ratio of 1.94 and a beta of 1.90. The business's 50-day simple moving average is $165.94 and its 200-day simple moving average is $133.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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). 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 for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the firm earned $0.69 EPS. The company's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

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.