Tejara Capital Ltd Invests $2.90 Million in Advanced Micro Devices, Inc. $AMD

Key Points

• Tejara Capital Ltd. acquired 5,000 AMD shares worth approximately $2.9 million during the second quarter, making AMD 1.2% of its portfolio and its 26th-largest holding.
• Institutional investors own 71.34% of AMD, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $546.95.
• AMD reported quarterly earnings of $1.66 per share and revenue of $11.54 billion, exceeding estimates, with revenue up 50.1% year over year; however, the stock was down 3.5% and insiders have sold roughly $99.9 million of shares over the past 90 days.

Tejara Capital Ltd bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the semiconductor manufacturer's stock, valued at approximately $2,905,000. Advanced Micro Devices makes up 1.2% of Tejara Capital Ltd's investment portfolio, making the stock its 26th largest holding.

Several other hedge funds have also bought and sold shares of AMD. Cannon Wealth Management Services LLC purchased a new stake in Advanced Micro Devices in the second quarter worth about $427,000. MJP Associates Inc. ADV lifted its position in shares of Advanced Micro Devices by 34.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 3,915 shares of the semiconductor manufacturer's stock valued at $2,274,000 after buying an additional 1,003 shares in the last quarter. PCM Encore LLC lifted its position in shares of Advanced Micro Devices by 1.3% during the 2nd quarter. PCM Encore LLC now owns 10,628 shares of the semiconductor manufacturer's stock valued at $6,174,000 after buying an additional 136 shares in the last quarter. Burr Financial Services LLC grew its stake in shares of Advanced Micro Devices by 6.7% during the 2nd quarter. Burr Financial Services LLC now owns 4,649 shares of the semiconductor manufacturer's stock valued at $2,701,000 after acquiring an additional 290 shares during the period. Finally, Altman Advisors Inc. bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $4,975,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Cantor Fitzgerald reissued an "overweight" rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 24th. Roth Capital upped their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, Oppenheimer lowered Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $546.95.

Advanced Micro Devices Stock Down 3.5%

NASDAQ AMD opened at $456.74 on Tuesday. The stock has a 50 day moving average price of $509.59 and a 200-day moving average price of $377.97. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company has a market capitalization of $745.61 billion, a P/E ratio of 117.41 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices's quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD received a bullish BMO price-target call, with its AI ambitions supported by reported relationships or deals involving Meta, OpenAI and Anthropic. AMD Stock Gets Stunning Price Target From Wall Street
• Positive Sentiment: The company is investing more than $10 billion in Taiwan’s advanced-packaging and AI-system manufacturing ecosystem, including its supply-chain relationship with TSMC. The spending is intended to remove capacity constraints and support more than 60% annual data-center revenue growth over the next three to five years. AMD Is Investing More Than $10 Billion in Taiwan
• Positive Sentiment: Analysts and fund commentary see AMD as a potential beneficiary of increasingly CPU-intensive AI data centers, broadening the opportunity beyond accelerator chips. Can AMD Win From More CPU-Heavy AI Data Centers?
• Neutral Sentiment: AMD raised approximately $4.75 billion through unsecured senior notes and filed to potentially issue additional debt. The financing strengthens its ability to fund AI infrastructure, but also adds interest obligations and raises questions about capital efficiency. The appointment of Citi executive Tim Ryan to the board may bolster financial and strategic expertise. AMD Debt Raise and Taiwan AI Push
• Negative Sentiment: Semiconductor stocks sold off broadly ahead of Nvidia’s August 26 earnings release. Investors appear to be de-risking accelerator exposure because Nvidia’s results or outlook could reset expectations for the entire AI-chip trade. Intel and AMD Decline in Chip Sell-Off
• Negative Sentiment: AMD’s roughly $745 billion market capitalization and elevated price-to-earnings ratio leave the stock vulnerable to profit-taking when sentiment toward high-growth AI companies weakens. Concerns about competition from Nvidia and newer challengers such as Cerebras add to the pressure. Cerebras Revenue Surges and Implications for AMD

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. The trade was a 4.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the sale, the senior vice president owned 26,623 shares in the company, valued at $13,010,393.87. This represents a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 210,763 shares of company stock worth $99,912,107. Insiders own 0.50% of the company's stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source