SRN Advisors LLC Reduces Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• SRN Advisors LLC reduced its stake in Advanced Micro Devices (AMD) by 52.1%, selling 5,441 shares, leaving them with 5,007 shares valued at approximately $514,000.
• Analysts have raised price targets for AMD, with Raymond James increasing it from $120.00 to $200.00, reflecting bullish sentiment, while Morgan Stanley cut theirs to $168.00.
• Advanced Micro Devices reported earnings of $0.48 per share, missing estimates by $0.06, but generated $7.69 billion in revenue, surpassing expectations by $0.28 billion.

SRN Advisors LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,007 shares of the semiconductor manufacturer's stock after selling 5,441 shares during the quarter. SRN Advisors LLC's holdings in Advanced Micro Devices were worth $514,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock worth $15,654,222,000 after purchasing an additional 2,157,199 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock valued at $2,585,079,000 after acquiring an additional 1,929,225 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Advanced Micro Devices by 4.0% in the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock valued at $1,214,285,000 after acquiring an additional 450,695 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock valued at $1,083,815,000 after acquiring an additional 466,048 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 131.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after acquiring an additional 5,915,185 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm'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 directly owned 1,713,710 shares of the company's stock, 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. Insiders sold 252,998 shares of company stock valued at $41,415,580 in the last three months. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Evercore ISI raised their price target on Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. TD Cowen raised their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus raised their price target on Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Four research 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $181.33.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $5.95 during mid-day trading on Friday, reaching $162.63. 37,429,409 shares of the company were exchanged, compared to its average volume of 61,523,572. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The firm's 50-day simple moving average is $159.34 and its two-hundred day simple moving average is $124.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a market cap of $263.92 billion, a PE ratio of 93.47, a price-to-earnings-growth ratio of 1.93 and a beta of 1.92.

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

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

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.