Southeast Asset Advisors LLC Acquires New Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Southeast Asset Advisors LLC acquired 4,500 shares of Advanced Micro Devices, Inc. ($AMD) for approximately $462,000 during the first quarter of the year.
• Multiple hedge funds have increased their positions in AMD, with 71.34% of the company's stock now held by institutional investors.
• Advanced Micro Devices has initiated a $6.00 billion share buyback program, indicating management's belief that the stock may be undervalued.

Southeast Asset Advisors LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 4,500 shares of the semiconductor manufacturer's stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC boosted its position in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Kozak & Associates Inc. boosted its position in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $30,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 target price on the stock in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft set a $200.00 target price on Advanced Micro Devices 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 on the stock in a report on Monday, June 23rd. Robert W. Baird dropped their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Loop Capital dropped their price target on 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. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $180.12.

Advanced Micro Devices Stock Down 2.6%

Shares of NASDAQ:AMD traded down $4.40 during midday trading on Monday, reaching $163.36. The company had a trading volume of 36,030,531 shares, compared to its average volume of 70,988,472. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The business's 50 day moving average price is $156.22 and its 200 day moving average price is $122.55. The stock has a market cap of $265.11 billion, a PE ratio of 93.89, a P/E/G ratio of 1.98 and a beta of 1.94. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65.

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). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction 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. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,998 shares of company stock worth $41,415,580 over the last quarter. Company insiders own 0.06% of the company's stock.

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.