NFJ Investment Group LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 81.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,003 shares of the semiconductor manufacturer's stock after selling 155,995 shares during the quarter. NFJ Investment Group LLC's holdings in Advanced Micro Devices were worth $20,915,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Southpoint Capital Advisors LP boosted its holdings in shares of Advanced Micro Devices by 50.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after purchasing an additional 300,000 shares during the last quarter. Jefferies Financial Group Inc. lifted its position in Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock worth $65,966,000 after buying an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC purchased a new position in Advanced Micro Devices during the first quarter worth approximately $1,193,000. Dimensional Fund Advisors LP boosted its stake in Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after buying an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $1,118,000. Institutional investors and hedge funds own 71.34% of the company's stock.
Advanced Micro Devices Stock Performance
Shares of AMD stock opened at $479.18 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The firm has a market cap of $782.25 billion, a P/E ratio of 123.18 and a beta of 2.48. The firm's 50 day moving average price is $509.02 and its 200-day moving average price is $379.94. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm's quarterly revenue was up 50.1% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.
Insider Transactions at Advanced Micro Devices
In other Advanced Micro Devices news, SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the sale, the senior vice president directly owned 26,623 shares in the company, valued at $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 15,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 210,763 shares of company stock worth $99,912,107. 0.50% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on AMD shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Advanced Micro Devices in a research note on Monday, August 3rd. BTIG Research raised shares of Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Tuesday, June 16th. Evercore reaffirmed an "outperform" rating and set a $579.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, May 19th. Finally, Argus increased their price objective on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $553.72.
Check Out Our Latest Analysis on AMD
Trending Headlines about Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Raymond James upgraded AMD to “Strong Buy,” citing improving AI accelerator prospects and potential for the stock to outperform. Other reports highlighted bullish price targets, including BMO Capital’s $550 target and expectations that AMD could continue narrowing NVIDIA’s competitive advantage. AMD Stock Gets Strong Buy Upgrade From Raymond James
- Positive Sentiment: AMD announced UCIe connectivity for its Versal adaptive SoCs, strengthening the company’s positioning in advanced chiplet and data-center designs. Investors viewed the update as supportive of AMD’s long-term AI and infrastructure strategy. AMD Stock Rallies on UCIe Chip Update
- Positive Sentiment: Reports emphasized large GPU commitments from customers including OpenAI and Meta, supporting the view that AMD is becoming a credible alternative to NVIDIA in AI infrastructure. Analysts also see continued strength in CPU demand as data centers become more compute-intensive. AMD Is Winning Nvidia Customers
- Neutral Sentiment: NVIDIA’s earnings on August 26 are a near-term catalyst for AMD and the entire semiconductor sector. Strong AI demand and guidance could lift AMD, while any signs of slowing accelerator spending could pressure the shares. NVIDIA Earnings Could Move AI Stocks
- Negative Sentiment: Some analysts remain cautious, arguing that AMD’s elevated valuation leaves less room for execution disappointments. Repeated insider selling—particularly by CEO Lisa Su and other executives—also raises concerns about profit-taking after the stock’s substantial year-to-date advance. AMD More Downside Risks
- Negative Sentiment: AMD’s planned investment of more than $10 billion in Taiwan advanced packaging and its recent $4.75 billion debt offering increase capacity for AI growth but could weigh on near-term cash flow, leverage, and margins. AMD Debt Raise and Taiwan AI Push
About Advanced Micro Devices
(
Free Report)
Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.
Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.
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