Rheos Capital Works Inc. Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• Rheos Capital Works Inc. has acquired a new position in Advanced Micro Devices, Inc. (AMD) by purchasing 640,000 shares valued at approximately $90.8 million, making it the firm's second largest holding.
• CEO Lisa T. Su sold 225,000 shares of AMD stock, representing a 6.28% decrease in ownership, while overall insider sales totaled 257,318 shares worth over $42 million last quarter.
• Analysts project significant growth for AMD, with price targets ranging from $210 to $300, indicating strong investor interest and confidence in the stock's future performance.

Rheos Capital Works Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 640,000 shares of the semiconductor manufacturer's stock, valued at approximately $90,816,000. Advanced Micro Devices comprises 5.2% of Rheos Capital Works Inc.'s portfolio, making the stock its 2nd biggest holding.

Several other hedge funds have also made changes to their positions in AMD. Dogwood Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 208 shares during the last quarter. West Branch Capital LLC boosted its holdings in Advanced Micro Devices by 3,057.1% in the second 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. High Note Wealth LLC boosted its position in shares of Advanced Micro Devices by 285.5% in the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer's stock worth $38,000 after buying an additional 197 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its position 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 worth $28,000 after buying an additional 200 shares during the period. Finally, American Capital Advisory LLC boosted its position 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 worth $28,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares of the company's stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,318 shares of company stock worth $42,412,815 over the last quarter. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $218.09 on Wednesday. The business has a 50 day simple moving average of $172.00 and a 200 day simple moving average of $138.97. The stock has a market cap of $353.93 billion, a price-to-earnings ratio of 125.34, a PEG ratio of 2.54 and a beta of 1.90. 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 52-week low of $76.48 and a 52-week high of $240.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion for 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 firm's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Susquehanna upped their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. Jefferies Financial Group set a $300.00 target price on shares of Advanced Micro Devices and gave the company a "positive" rating in a research note on Monday, October 6th. Stifel Nicolaus set a $240.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 6th. Wolfe Research set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a report on Tuesday. Finally, Weiss Ratings cut Advanced Micro Devices from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $224.97.

About Advanced Micro Devices

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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