Rafferty Asset Management LLC Reduces Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Rafferty Asset Management LLC has reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.1%, now holding approximately 4.34 million shares after selling 384,858 shares during the first quarter.
• Various hedge funds have increased their stakes in AMD, with notable purchases including Farmers & Merchants Trust Co, which increased its holdings by 277.8%.
• Recent analyst upgrades include DZ Bank raising AMD's target price to $165, while several analysts have assigned a "Buy" rating, giving the stock a consensus target price of $180.12.

Rafferty Asset Management LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,342,390 shares of the semiconductor manufacturer's stock after selling 384,858 shares during the quarter. Advanced Micro Devices makes up about 1.9% of Rafferty Asset Management LLC's portfolio, making the stock its 10th biggest position. Rafferty Asset Management LLC owned approximately 0.27% of Advanced Micro Devices worth $446,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $28,000. Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC lifted its holdings in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares during the period. Finally, Investors Research Corp lifted its holdings in Advanced Micro Devices by 117.9% during the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 165 shares during the period. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMD shares. DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price for the company in a report on Thursday, August 7th. Stifel Nicolaus upped their target price on Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a report on Monday, June 23rd. Truist Financial upped their price target on Advanced Micro Devices from $111.00 to $173.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $180.12.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $163.36 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The stock's fifty day moving average price is $156.22 and its 200 day moving average price is $122.55. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65. The company has a market cap of $265.11 billion, a price-to-earnings ratio of 93.89, a PEG ratio of 1.98 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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 net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company earned $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. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 252,998 shares of company stock valued at $41,415,580. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Company 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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