Strs Ohio Acquires New Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Strs Ohio has acquired a new position in Advanced Micro Devices, Inc. (AMD), purchasing 492,342 shares valued at approximately $50.6 million.
• Recent analyst ratings reflect confidence in AMD, with Bank of America raising their price target to $200 and the consensus target price being $180.88.
• AMD reported quarterly earnings of $0.48 EPS, missing estimates, but with a revenue of $7.69 billion, which was above expectations, indicating a year-over-year growth of 31.7%.

Strs Ohio acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 492,342 shares of the semiconductor manufacturer's stock, valued at approximately $50,583,000.

A number of other hedge funds also recently made changes to their positions in the stock. Jacobi Capital Management LLC grew its stake in shares of Advanced Micro Devices by 38.5% during the 1st quarter. Jacobi Capital Management LLC now owns 8,981 shares of the semiconductor manufacturer's stock valued at $923,000 after acquiring an additional 2,498 shares during the period. Advisors Capital Management LLC lifted its holdings in Advanced Micro Devices by 5.7% in the 1st quarter. Advisors Capital Management LLC now owns 53,503 shares of the semiconductor manufacturer's stock worth $5,497,000 after purchasing an additional 2,907 shares in the last quarter. Rollins Financial Advisors LLC purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $223,000. McAdam LLC lifted its holdings in Advanced Micro Devices by 7.5% in the 1st quarter. McAdam LLC now owns 3,454 shares of the semiconductor manufacturer's stock worth $355,000 after purchasing an additional 242 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Advanced Micro Devices by 26.9% in the 1st quarter. Acadian Asset Management LLC now owns 81,864 shares of the semiconductor manufacturer's stock worth $8,406,000 after purchasing an additional 17,347 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America boosted their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Sanford C. Bernstein boosted their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Seaport Res Ptn cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Finally, Piper Sandler upped their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two 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 company has an average rating of "Moderate Buy" and a consensus target price of $180.88.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $159.54 on Thursday. The stock's fifty day moving average is $162.37 and its 200 day moving average is $126.42. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The firm has a market capitalization of $258.91 billion, a PE ratio of 91.69, a PEG ratio of 1.84 and a beta of 1.92. 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 (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business's quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,998 shares of company stock worth $41,415,580. Company insiders own 0.06% of the company's stock.

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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