Telligent Fund LP Raises Holdings in Advanced Micro Devices, Inc. $AMD

Telligent Fund LP lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,000 shares during the quarter. Advanced Micro Devices accounts for about 4.3% of Telligent Fund LP’s investment portfolio, making the stock its 10th biggest holding. Telligent Fund LP’s holdings in Advanced Micro Devices were worth $5,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted 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 valued at $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after purchasing an additional 2,970 shares during the last quarter. United Bank raised its holdings in shares of Advanced Micro Devices by 22.0% in the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after purchasing an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of Advanced Micro Devices by 361.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock worth $1,310,000 after purchasing an additional 7,228 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD received a bullish BMO price-target call, with its AI ambitions supported by reported relationships or deals involving Meta, OpenAI and Anthropic. AMD Stock Gets Stunning Price Target From Wall Street
• Positive Sentiment: The company is investing more than $10 billion in Taiwan’s advanced-packaging and AI-system manufacturing ecosystem, including its supply-chain relationship with TSMC. The spending is intended to remove capacity constraints and support more than 60% annual data-center revenue growth over the next three to five years. AMD Is Investing More Than $10 Billion in Taiwan
• Positive Sentiment: Analysts and fund commentary see AMD as a potential beneficiary of increasingly CPU-intensive AI data centers, broadening the opportunity beyond accelerator chips. Can AMD Win From More CPU-Heavy AI Data Centers?
• Neutral Sentiment: AMD raised approximately $4.75 billion through unsecured senior notes and filed to potentially issue additional debt. The financing strengthens its ability to fund AI infrastructure, but also adds interest obligations and raises questions about capital efficiency. The appointment of Citi executive Tim Ryan to the board may bolster financial and strategic expertise. AMD Debt Raise and Taiwan AI Push
• Negative Sentiment: Semiconductor stocks sold off broadly ahead of Nvidia’s August 26 earnings release. Investors appear to be de-risking accelerator exposure because Nvidia’s results or outlook could reset expectations for the entire AI-chip trade. Intel and AMD Decline in Chip Sell-Off
• Negative Sentiment: AMD’s roughly $745 billion market capitalization and elevated price-to-earnings ratio leave the stock vulnerable to profit-taking when sentiment toward high-growth AI companies weakens. Concerns about competition from Nvidia and newer challengers such as Cerebras add to the pressure. Cerebras Revenue Surges and Implications for AMD

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 210,763 shares of company stock valued at $99,912,107 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James Financial raised shares of Advanced Micro Devices from a “market perform” rating to a “strong-buy” rating in a research report on Tuesday. Loop Capital raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. BMO Capital Markets initiated coverage on shares of Advanced Micro Devices in a research note on Thursday. They set an “outperform” rating and a $550.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $546.95.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $456.74 on Tuesday. The firm has a market capitalization of $745.61 billion, a P/E ratio of 117.41 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $509.59 and its two-hundred day moving average price is $377.97. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.