WealthTrust Axiom LLC Increases Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• WealthTrust Axiom LLC significantly increased its stake in Advanced Micro Devices (AMD) by 380% during the first quarter, now owning 11,222 shares valued at approximately $1.15 million.
• Multiple analysts have raised their price targets for AMD, with Piper Sandler increasing their target to $190.00 and Susquehanna raising it to $210.00, indicating strong growth potential for the stock.
• AMD announced a $6.00 billion stock repurchase plan, suggesting confidence from the board in the company’s valuation, while several insiders have recently sold shares, indicating possible profit-taking.

WealthTrust Axiom LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 380.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,222 shares of the semiconductor manufacturer's stock after buying an additional 8,884 shares during the period. WealthTrust Axiom LLC's holdings in Advanced Micro Devices were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Advanced Micro Devices by 113.4% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 492,590 shares of the semiconductor manufacturer's stock valued at $50,609,000 after purchasing an additional 261,796 shares during the period. Connective Capital Management LLC bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $2,154,000. Brooks Moore & Associates Inc. purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $230,000. Ally Financial Inc. increased its holdings in Advanced Micro Devices by 50.0% during the first quarter. Ally Financial Inc. now owns 42,000 shares of the semiconductor manufacturer's stock valued at $4,315,000 after buying an additional 14,000 shares during the last quarter. Finally, Thematics Asset Management boosted its position in shares of Advanced Micro Devices by 3.7% in the first quarter. Thematics Asset Management now owns 278,938 shares of the semiconductor manufacturer's stock worth $28,658,000 after purchasing an additional 9,829 shares during the period. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Citigroup boosted their target price on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a report on Thursday, July 10th. Susquehanna increased their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Finally, Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the stock a "buy" rating in a report on Friday, June 13th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $180.12.

Advanced Micro Devices Trading Up 2.5%

AMD opened at $167.76 on Monday. The firm has a market cap of $272.25 billion, a price-to-earnings ratio of 96.41, a PEG ratio of 1.98 and a beta of 1.94. The stock has a fifty day moving average price of $155.48 and a 200-day moving average price of $122.16. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the firm earned $0.69 EPS. The company's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate 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 initiated a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding 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 an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was 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 owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices 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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.