WT Asset Management Ltd Purchases Shares of 210,729 Advanced Micro Devices, Inc. $AMD

WT Asset Management Ltd acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, Holdings Channel reports. The fund acquired 210,729 shares of the semiconductor manufacturer’s stock, valued at approximately $29,902,000. Advanced Micro Devices makes up 2.1% of WT Asset Management Ltd’s holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares during the period. NBC Securities Inc. lifted its stake in shares of Advanced Micro Devices by 59,416.7% during the first quarter. NBC Securities Inc. now owns 3,571 shares of the semiconductor manufacturer’s stock valued at $366,000 after buying an additional 3,565 shares during the period. RFG Advisory LLC lifted its stake in shares of Advanced Micro Devices by 37.4% during the first quarter. RFG Advisory LLC now owns 11,418 shares of the semiconductor manufacturer’s stock valued at $1,173,000 after buying an additional 3,108 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Advanced Micro Devices by 39.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,361 shares of the semiconductor manufacturer’s stock valued at $1,475,000 after buying an additional 4,026 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of several recent analyst reports. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Monday, June 23rd. UBS Group increased their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. The Goldman Sachs Group raised shares of Advanced Micro Devices to a “hold” rating and set a $140.00 price target on the stock in a research note on Thursday, July 10th. Bank of America increased their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Mizuho increased their price target on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $180.88.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares of the company’s stock, valued at $51,416,785.98. The trade was a 0.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock worth $44,554,848 over the last three months. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $164.67 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The firm has a fifty day moving average of $165.94 and a 200-day moving average of $133.43. The firm has a market capitalization of $267.23 billion, a P/E ratio of 94.64, a PEG ratio of 2.00 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) last released 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 return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company earned $0.69 EPS. Advanced Micro Devices’s revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.