Voya Investment Management LLC Sells 208,103 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Voya Investment Management LLC reduced its stake in Advanced Micro Devices by 30%, selling 208,103 shares, which leaves their holdings at 485,663 shares valued at approximately $49.8 million.
• A range of investment firms have increased their positions in AMD, with Farmers & Merchants Trust Co growing its stake by 277.8% during the first quarter.
• Analysts have mixed outlooks on AMD, with target prices ranging from $168 to $210, reflecting a moderately positive sentiment as the average rating stands at "Moderate Buy" with an average target price of $180.88.

Voya Investment Management LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 30.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,663 shares of the semiconductor manufacturer's stock after selling 208,103 shares during the period. Voya Investment Management LLC's holdings in Advanced Micro Devices were worth $49,837,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after buying an additional 29,825 shares in the last quarter. Triumph Capital Management grew its stake in Advanced Micro Devices by 27.2% in the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock worth $2,818,000 after buying an additional 4,992 shares in the last quarter. Finally, Second Line Capital LLC grew its stake in Advanced Micro Devices by 19.7% in the 4th quarter. Second Line Capital LLC now owns 21,357 shares of the semiconductor manufacturer's stock worth $2,580,000 after buying an additional 3,519 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a research note on Thursday, July 10th. Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Erste Group Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Piper Sandler upped their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Trading Up 1.9%

Shares of Advanced Micro Devices stock traded up $2.90 during trading on Friday, reaching $158.57. The company's stock had a trading volume of 42,160,927 shares, compared to its average volume of 42,477,336. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The company has a market cap of $257.33 billion, a price-to-earnings ratio of 58.95, a PEG ratio of 1.87 and a beta of 1.92. The firm's 50-day moving average is $163.13 and its two-hundred day moving average is $127.28. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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). The firm had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company's quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. 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.

Insider Activity

In other Advanced Micro Devices news, 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 transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 270,198 shares of company stock worth $44,183,576. 0.06% of the stock is currently owned by corporate insiders.

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.