MBB Public Markets I LLC Sells 22,147 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• MBB Public Markets I LLC significantly reduced its stake in Advanced Micro Devices, Inc. by 88.2%, selling 22,147 shares and now holding only 2,951 shares valued at approximately $303,000.
• Advanced Micro Devices reported Q2 earnings of $0.48 per share, missing the consensus estimate by $0.06, but the company showed a 31.7% year-over-year revenue increase to $7.69 billion.
• The company's board approved a $6 billion stock repurchase plan, indicating a belief that its stock is undervalued, and the current stock has a market cap of around $258.91 billion.

MBB Public Markets I LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 88.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,951 shares of the semiconductor manufacturer's stock after selling 22,147 shares during the period. MBB Public Markets I LLC's holdings in Advanced Micro Devices were worth $303,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Seaview Investment Managers LLC increased its stake in Advanced Micro Devices by 4.3% in the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock worth $232,000 after purchasing an additional 93 shares during the period. Activest Wealth Management increased its stake in 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 during the period. Peterson Wealth Services increased its stake in 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 during the period. Lifeworks Advisors LLC increased its stake in 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 during the period. Finally, Vermillion & White Wealth Management Group LLC increased its stake in Advanced Micro Devices by 29.0% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 467 shares of the semiconductor manufacturer's stock worth $48,000 after purchasing an additional 105 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 2.4%

NASDAQ AMD opened at $159.54 on Thursday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The stock has a market cap of $258.91 billion, a P/E ratio of 91.69, a P/E/G ratio of 1.84 and a beta of 1.92. The stock's fifty day moving average price is $162.37 and its 200-day moving average price is $126.42. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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 return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The company's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has approved a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer 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 90 days, insiders have sold 252,998 shares of company stock worth $41,415,580. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of analyst reports. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Piper Sandler boosted their target price 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. Finally, Evercore ISI boosted their target price on Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently 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.

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.