Mirae Asset Global Investments Co. Ltd. Sells 23,642 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Mirae Asset Global Investments has reduced its stake in Advanced Micro Devices (AMD) by 1.8%, selling 23,642 shares during the second quarter, leaving it with 1,302,333 shares.
• CEO Lisa T. Su sold 225,000 shares of AMD at an average price of $163.97, resulting in a 6.28% decrease in her ownership position.
• The semiconductor company reported a quarterly revenue of $7.69 billion, exceeding estimates, but posted an EPS of $0.48, missing expectations by $0.06.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,302,333 shares of the semiconductor manufacturer's stock after selling 23,642 shares during the quarter. Advanced Micro Devices accounts for 0.6% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 20th largest position. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Advanced Micro Devices worth $184,801,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMD. J. Safra Sarasin Holding AG boosted its stake in Advanced Micro Devices by 16.8% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 7,877 shares of the semiconductor manufacturer's stock valued at $1,123,000 after purchasing an additional 1,134 shares during the last quarter. ASR Vermogensbeheer N.V. boosted its position in shares of Advanced Micro Devices by 0.7% during the second quarter. ASR Vermogensbeheer N.V. now owns 169,381 shares of the semiconductor manufacturer's stock valued at $24,035,000 after buying an additional 1,140 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in Advanced Micro Devices in the 2nd quarter worth about $7,891,000. FengHe Fund Management Pte. Ltd. raised its position in Advanced Micro Devices by 693.6% in the 2nd quarter. FengHe Fund Management Pte. Ltd. now owns 573,000 shares of the semiconductor manufacturer's stock worth $81,309,000 after buying an additional 500,800 shares during the last quarter. Finally, McGuire Investment Group LLC raised its position in Advanced Micro Devices by 1.8% in the 2nd quarter. McGuire Investment Group LLC now owns 223,812 shares of the semiconductor manufacturer's stock worth $31,759,000 after buying an additional 3,898 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $169.73 on Friday. The business's fifty day moving average is $165.97 and its 200 day moving average is $133.01. 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 quick ratio of 1.81 and a current ratio of 2.49. The company has a market capitalization of $275.44 billion, a PE ratio of 97.55, a price-to-earnings-growth ratio of 1.93 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during 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%.The firm's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction 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 completion of 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 disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock worth $44,554,848 over the last ninety days. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AMD shares. Jefferies Financial Group lifted their price target on shares of Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Mizuho lifted their target price on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Citigroup raised their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Finally, UBS Group upped their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $180.88.

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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