S Bank Fund Management Ltd Acquires Shares of 20,342 Advanced Micro Devices, Inc. $AMD

Key Points

• S Bank Fund Management Ltd acquired 20,342 shares of Advanced Micro Devices, Inc. (AMD), valued at approximately $2,887,000, during the second quarter.
• Wall Street analysts are optimistic about AMD, with multiple firms setting price targets of up to $300, indicating strong projected growth.
• Advanced Micro Devices reported a 31.7% year-over-year revenue increase despite missing EPS consensus estimates in its most recent quarterly earnings.

S Bank Fund Management Ltd acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 20,342 shares of the semiconductor manufacturer's stock, valued at approximately $2,887,000.

A number of other institutional investors have also recently bought and sold shares of AMD. Tritonpoint Wealth LLC raised its stake in Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock valued at $405,000 after buying an additional 72 shares during the last quarter. Scott & Selber Inc. raised its stake in Advanced Micro Devices by 0.7% during the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock valued at $1,485,000 after buying an additional 73 shares during the last quarter. Sandy Cove Advisors LLC raised its stake in Advanced Micro Devices by 1.4% during the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after buying an additional 75 shares during the last quarter. Pine Haven Investment Counsel Inc raised its stake in Advanced Micro Devices by 3.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock valued at $381,000 after buying an additional 85 shares during the last quarter. Finally, SLT Holdings LLC raised its stake in Advanced Micro Devices by 4.3% during the second quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer's stock valued at $306,000 after buying an additional 88 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Jefferies Financial Group set a $300.00 price objective on Advanced Micro Devices and gave the company a "positive" rating in a research note on Monday, October 6th. Melius Research set a $300.00 price objective on Advanced Micro Devices in a research note on Monday, October 6th. UBS Group lifted their price objective on Advanced Micro Devices from $210.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Sanford C. Bernstein lifted their price objective on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Finally, DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $231.00.

Advanced Micro Devices Stock Up 9.4%

AMD stock opened at $238.60 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $240.10. The stock has a market capitalization of $387.21 billion, a P/E ratio of 137.13, a P/E/G ratio of 2.56 and a beta of 1.90. The business has a fifty day moving average price of $173.51 and a 200-day moving average price of $139.66.

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). 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 during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the business's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares of the company's stock, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,318 shares of company stock worth $42,412,815. 0.06% of the stock is currently owned by insiders.

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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