OFI Invest Asset Management Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• OFI Invest Asset Management increased its stake in Advanced Micro Devices, Inc. (AMD) by 3.8% in the second quarter, holding a total of 84,007 shares valued at approximately $11.92 million.
• Shares of AMD opened at $214.76, with a marked decline of 7.8% recently despite a year-over-year revenue increase of 31.7% and a quarterly revenue of $7.69 billion.
• Several hedge funds significantly boosted their positions in AMD, demonstrating robust institutional interest, with 71.34% of the stock currently held by institutional investors.

OFI Invest Asset Management lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,007 shares of the semiconductor manufacturer's stock after purchasing an additional 3,053 shares during the quarter. OFI Invest Asset Management's holdings in Advanced Micro Devices were worth $11,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC lifted its stake in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. West Branch Capital LLC lifted its stake in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 214 shares during the last quarter. Finally, Bear Mountain Capital Inc. lifted its stake in shares of Advanced Micro Devices by 75.0% in the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 150 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 7.8%

Shares of NASDAQ:AMD opened at $214.76 on Friday. 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 firm has a market capitalization of $348.51 billion, a P/E ratio of 123.42, a P/E/G ratio of 2.53 and a beta of 1.90. The stock has a 50 day moving average price of $170.33 and a 200-day moving average price of $137.41. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $240.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share 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 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 quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 275,316 shares of company stock worth $45,203,045 over the last three months. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday. Mizuho boosted their target price on Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Citigroup upped their price target on Advanced Micro Devices from $180.00 to $215.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, TD Cowen upped their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.25.

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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