Advanced Micro Devices, Inc. $AMD Shares Bought by Impax Asset Management Group plc

by · The Cerbat Gem

Impax Asset Management Group plc lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 59.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,207 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,535 shares during the quarter. Impax Asset Management Group plc’s holdings in Advanced Micro Devices were worth $1,732,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Dogwood Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 208 shares during the last quarter. Avion Wealth boosted its holdings in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares during the last quarter. West Branch Capital LLC grew its stake in shares of Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 214 shares during the period. High Note Wealth LLC increased its holdings in shares of Advanced Micro Devices by 285.5% during the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock worth $38,000 after buying an additional 197 shares during the last quarter. Finally, S&T Bank PA increased its holdings in shares of Advanced Micro Devices by 99.3% during the 2nd quarter. S&T Bank PA now owns 275 shares of the semiconductor manufacturer’s stock worth $39,000 after buying an additional 137 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 4.2%

Shares of Advanced Micro Devices stock opened at $247.96 on Friday. The business has a 50-day moving average price of $206.13 and a 200 day moving average price of $162.66. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The firm has a market cap of $403.69 billion, a P/E ratio of 142.51, a P/E/G ratio of 2.42 and a beta of 1.93. 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 posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on AMD. Wolfe Research set a $300.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Truist Financial restated a “buy” rating and issued a $279.00 price target (up previously from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. KGI Securities set a $260.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Evercore ISI raised their target price on shares of Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.49.

Read Our Latest Research Report on Advanced Micro Devices

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 225,000 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares in the company, valued at $51,416,785.98. This represents a 0.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 264,118 shares of company stock worth $44,448,619. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Profile

(Free Report)

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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