TTP Investments Inc. Grows Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• TTP Investments Inc. significantly increased its stake in Advanced Micro Devices (AMD) by 1,985.2% during Q2, now holding 42,058 shares valued at approximately $5.97 million.
• Multiple hedge funds have also ramped up their investments, with Goldman Sachs and T. Rowe Price increasing their stakes by over 169% and 131%, respectively.
• Advanced Micro Devices reported a Q2 EPS of $0.48, missing estimates while showing a 31.7% growth in year-over-year revenue, amounting to $7.69 billion.

TTP Investments Inc. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1,985.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,058 shares of the semiconductor manufacturer's stock after buying an additional 40,041 shares during the quarter. Advanced Micro Devices makes up 2.0% of TTP Investments Inc.'s holdings, making the stock its 16th largest holding. TTP Investments Inc.'s holdings in Advanced Micro Devices were worth $5,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter worth approximately $958,422,000. Goldman Sachs Group Inc. raised its stake in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after buying an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in 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 purchasing an additional 5,915,185 shares in the last quarter. Nuveen LLC purchased a new position in Advanced Micro Devices during the first quarter worth $436,746,000. Finally, Parnassus Investments LLC boosted its holdings in shares of Advanced Micro Devices by 47,883.5% during the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock worth $425,592,000 after purchasing an additional 4,133,785 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the 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 transaction, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock valued at $44,183,576 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AMD. Barclays boosted their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Stifel Nicolaus boosted their target price on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Bank of America upped their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $180.88.

Advanced Micro Devices Trading Down 0.3%

Shares of NASDAQ AMD opened at $157.39 on Friday. 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 stock has a market cap of $255.42 billion, a P/E ratio of 90.45, a price-to-earnings-growth ratio of 1.85 and a beta of 1.92. The firm has a 50 day moving average price of $165.02 and a two-hundred day moving average price of $129.33. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business's revenue was up 31.7% on a year-over-year basis. 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. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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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