1,756 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Perpetual Ltd

Key Points

• Perpetual Ltd has purchased a new position of 1,756 shares in Advanced Micro Devices, Inc. (AMD), valued at approximately $249,000 during Q2 2023.
• Insiders at AMD have sold a total of 270,198 shares valued at $44,183,576 in the last 90 days, indicating a significant decrease in their ownership positions.
• Wall Street analysts have a generally positive outlook on AMD, with an average price target of $180.88 and various ratings ranging from Strong Buy to Sell.

Perpetual Ltd purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,756 shares of the semiconductor manufacturer's stock, valued at approximately $249,000.

A number of other institutional investors have also modified their holdings of the business. Mandatum Life Insurance Co Ltd boosted its position in Advanced Micro Devices by 0.3% during the 2nd quarter. Mandatum Life Insurance Co Ltd now owns 52,789 shares of the semiconductor manufacturer's stock valued at $7,491,000 after purchasing an additional 155 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at approximately $958,422,000. IFM Investors Pty Ltd increased its position in Advanced Micro Devices by 4.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 319,893 shares of the semiconductor manufacturer's stock valued at $45,393,000 after acquiring an additional 14,739 shares during the period. White Wing Wealth Management raised its stake in Advanced Micro Devices by 42.6% during the 2nd quarter. White Wing Wealth Management now owns 4,637 shares of the semiconductor manufacturer's stock valued at $658,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Advanced Micro Devices in the second quarter worth $1,908,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Piper Sandler boosted their price target on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Erste Group Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Benchmark upped their price target on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial upped their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,198 shares of company stock valued at $44,183,576 in the last three months. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Up 1.5%

Shares of AMD stock traded up $2.40 on Monday, reaching $159.79. 46,402,872 shares of the company's stock traded hands, compared to its average volume of 42,680,920. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The business's 50 day moving average price is $165.02 and its two-hundred day moving average price is $129.55. The company has a market capitalization of $259.31 billion, a P/E ratio of 91.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Advanced Micro Devices's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.