Redwood Investment Management LLC Takes Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Redwood Investment Management LLC purchased 2,869 shares of Advanced Micro Devices, Inc. (AMD) valued at approximately $295,000 in the first quarter, indicating institutional interest in the semiconductor manufacturer.
• Several hedge funds, including GABELLI & Co and Gamco Investors, increased their stakes in AMD, showcasing a trend of rising institutional investments in the company.
• AMD's stock buyback program allows for the repurchase of up to $6.00 billion in shares, reflecting the board's belief that the stock is undervalued amidst strong revenue growth.

Redwood Investment Management LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,869 shares of the semiconductor manufacturer's stock, valued at approximately $295,000.

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

Wall Street Analyst Weigh In

Several brokerages have commented on AMD. TD Cowen raised their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Loop Capital dropped their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial raised their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Truist Financial upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and raised their price target for the company from $173.00 to $213.00 in a research note on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.33.

Advanced Micro Devices Trading Down 3.5%

Advanced Micro Devices stock traded down $5.95 during midday trading on Friday, reaching $162.63. The stock had a trading volume of 37,429,409 shares, compared to its average volume of 63,417,536. The firm's fifty day simple moving average is $159.34 and its two-hundred day simple moving average is $124.00. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. 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 firm has a market cap of $263.92 billion, a price-to-earnings ratio of 93.47, a PEG ratio of 1.93 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 analysts' consensus estimates 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 company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a share repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This represents a 6.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,998 shares of company stock worth $41,415,580 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

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.