William Blair Investment Management LLC Raises Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• William Blair Investment Management LLC significantly increased its stake in Advanced Micro Devices, acquiring a total of 606,904 shares, marking a 986.0% increase during the second quarter.
• Despite reporting a miss in quarterly earnings with $0.48 EPS compared to the expected $0.54, Advanced Micro Devices saw year-over-year revenue growth of 31.7%, totaling $7.69 billion.
• Several analysts have raised their price targets for AMD stock, with HSBC setting a new target of $310.00 and Bank of America updating theirs to $300.00, indicating strong confidence in the company’s performance.

William Blair Investment Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 986.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 606,904 shares of the semiconductor manufacturer's stock after purchasing an additional 551,021 shares during the quarter. William Blair Investment Management LLC's holdings in Advanced Micro Devices were worth $86,120,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wise Wealth Partners purchased a new position in shares of Advanced Micro Devices during the second quarter worth about $343,000. Parisi Gray Wealth Management acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $343,000. Davis Investment Partners LLC acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $736,000. REAP Financial Group LLC raised its position in shares of Advanced Micro Devices by 16.9% during the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer's stock worth $170,000 after purchasing an additional 173 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after purchasing an additional 2,970 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 0.6%

Shares of NASDAQ AMD opened at $233.08 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $241.20. The firm has a fifty day moving average of $175.96 and a 200-day moving average of $141.73. The stock has a market capitalization of $378.25 billion, a PE ratio of 133.95, a P/E/G ratio of 2.32 and a beta of 1.90. 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 data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) 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 period in the prior year, the firm earned $0.69 earnings per share. The firm'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, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,800 shares of the business's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the completion of the sale, the executive vice president directly owned 1,714,505 shares of the company's stock, valued at $384,529,181.40. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was 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 trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. HSBC lifted their price objective on Advanced Micro Devices from $185.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday. Wolfe Research set a $300.00 price target on Advanced Micro Devices and gave the company an "outperform" rating in a report on Tuesday. Bank of America boosted their price target on Advanced Micro Devices from $250.00 to $300.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley boosted their price target on Advanced Micro Devices from $168.00 to $246.00 and gave the company an "equal weight" rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $233.94.

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.

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