Meitav Investment House Ltd. Grows Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Meitav Investment House Ltd. increased its stake in Advanced Micro Devices, Inc. by 67.7%, owning 68,828 shares valued at approximately $9.77 million as of the end of the second quarter.
• AMD reported $0.48 earnings per share for the latest quarter, falling short of analysts' expectations, but revenues reached $7.69 billion, exceeding predictions by $280 million.
• The stock has seen a significant gain, up by 23.7% recently, with 71.34% of its shares now held by institutional investors.

Meitav Investment House Ltd. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 67.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,828 shares of the semiconductor manufacturer's stock after buying an additional 27,774 shares during the period. Meitav Investment House Ltd.'s holdings in Advanced Micro Devices were worth $9,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares during the period. Procyon Advisors LLC raised its stake in shares of Advanced Micro Devices by 14.0% in the first quarter. Procyon Advisors LLC now owns 5,058 shares of the semiconductor manufacturer's stock worth $520,000 after buying an additional 621 shares during the period. UMB Bank n.a. raised its stake in shares of Advanced Micro Devices by 4.7% in the first quarter. UMB Bank n.a. now owns 14,463 shares of the semiconductor manufacturer's stock worth $1,486,000 after buying an additional 646 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in shares of Advanced Micro Devices by 16.3% in the first quarter. Capital Investment Advisors LLC now owns 14,954 shares of the semiconductor manufacturer's stock worth $1,536,000 after buying an additional 2,092 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 23.7%

Shares of AMD opened at $203.71 on Tuesday. The company has a market capitalization of $330.59 billion, a price-to-earnings ratio of 117.07, a PEG ratio of 1.94 and a beta of 1.90. The stock's 50-day moving average price is $166.54 and its 200-day moving average price is $134.48. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $226.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research note on Monday, June 23rd. Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the company a "positive" rating in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley decreased their target price on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $198.30.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the sale, the executive vice president owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the 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 completion of the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,448 shares of company stock worth $44,554,848. 0.06% of the stock is owned by insiders.

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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