E Fund Management Hong Kong Co. Ltd. Acquires 1,082 Shares of Advanced Micro Devices, Inc. $AMD

E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 142.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,841 shares of the semiconductor manufacturer’s stock after buying an additional 1,082 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Advanced Micro Devices were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMD. Tritonpoint Wealth LLC raised its holdings in shares of Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after buying an additional 72 shares during the last quarter. Scott & Selber Inc. raised its holdings in Advanced Micro Devices by 0.7% during the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock worth $1,485,000 after purchasing an additional 73 shares in the last quarter. Sandy Cove Advisors LLC grew its position in Advanced Micro Devices by 1.4% during the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after buying an additional 75 shares during the period. Pine Haven Investment Counsel Inc grew its position in Advanced Micro Devices by 3.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer’s stock worth $381,000 after buying an additional 85 shares during the period. Finally, Seaview Investment Managers LLC grew its position in Advanced Micro Devices by 4.3% during the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer’s stock worth $232,000 after buying an additional 93 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the transaction, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated 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 owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,316 shares of company stock worth $45,203,045 in the last quarter. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Up 11.4%

AMD stock opened at $235.56 on Thursday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $235.87. The company’s 50 day simple moving average is $168.34 and its 200-day simple moving average is $135.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm has a market capitalization of $382.28 billion, a P/E ratio of 135.38, a P/E/G ratio of 2.50 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. 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 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AMD. Citigroup upped their price objective on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $185.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday. Sanford C. Bernstein raised their price target on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Finally, HSBC decreased their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.70.

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.