M & L Capital Management Ltd Reduces Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• M & L Capital Management Ltd reduced its stake in Advanced Micro Devices, Inc. by 19.5% during Q2, now holding 161,000 shares, making it the firm’s 5th largest position.
• Advanced Micro Devices reported $0.48 EPS in its latest earnings, missing forecasts, but seeing 31.7% revenue growth year-over-year.
• Analysts have recently increased target prices for AMD, with Benchmark and Barclays setting new price targets of $210 and $200, respectively, while maintaining a buy rating.

M & L Capital Management Ltd trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,000 shares of the semiconductor manufacturer's stock after selling 39,000 shares during the quarter. Advanced Micro Devices comprises 5.1% of M & L Capital Management Ltd's holdings, making the stock its 5th biggest position. M & L Capital Management Ltd's holdings in Advanced Micro Devices were worth $22,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Seaview Investment Managers LLC raised its position in shares of 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 worth $232,000 after buying an additional 93 shares in the last quarter. Activest Wealth Management raised its holdings in shares of Advanced Micro Devices by 9.4% in the 1st quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock worth $117,000 after purchasing an additional 98 shares in the last quarter. Bangor Savings Bank raised its holdings in shares of Advanced Micro Devices by 8.4% in the 2nd quarter. Bangor Savings Bank now owns 1,314 shares of the semiconductor manufacturer's stock worth $186,000 after purchasing an additional 102 shares in the last quarter. Peterson Wealth Services raised its holdings in shares of Advanced Micro Devices by 2.9% in the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after purchasing an additional 103 shares in the last quarter. Finally, Lifeworks Advisors LLC raised its holdings in shares of Advanced Micro Devices by 5.6% in the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock worth $203,000 after purchasing an additional 104 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $158.57 on Friday. The company's 50 day moving average price is $163.13 and its 200 day moving average price is $127.28. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The company has a market capitalization of $257.33 billion, a PE ratio of 91.13, a PEG ratio of 1.83 and a beta of 1.92. 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 (NASDAQ:AMD - Get Free Report) last announced 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 company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The business'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. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMD shares. Benchmark boosted their target price on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays boosted their target price on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a report on Monday, June 23rd. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Finally, Hsbc Global Res raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $180.88.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president directly owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 270,198 shares of company stock valued at $44,183,576. Company insiders own 0.06% of the company's stock.

About Advanced Micro Devices

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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