Tejara Capital Ltd acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,000 shares of the semiconductor manufacturer’s stock, valued at approximately $2,905,000. Advanced Micro Devices makes up 1.2% of Tejara Capital Ltd’s holdings, making the stock its 26th biggest position.
A number of other hedge funds have also bought and sold shares of the company. Cannon Wealth Management Services LLC purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at $427,000. MJP Associates Inc. ADV boosted its stake in shares of Advanced Micro Devices by 34.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 3,915 shares of the semiconductor manufacturer’s stock worth $2,274,000 after purchasing an additional 1,003 shares during the period. PCM Encore LLC grew its holdings in Advanced Micro Devices by 1.3% during the 2nd quarter. PCM Encore LLC now owns 10,628 shares of the semiconductor manufacturer’s stock valued at $6,174,000 after purchasing an additional 136 shares during the last quarter. Burr Financial Services LLC grew its holdings in Advanced Micro Devices by 6.7% during the 2nd quarter. Burr Financial Services LLC now owns 4,649 shares of the semiconductor manufacturer’s stock valued at $2,701,000 after purchasing an additional 290 shares during the last quarter. Finally, Altman Advisors Inc. purchased a new stake in Advanced Micro Devices in the 2nd quarter worth about $4,975,000. Institutional investors own 71.34% of the company’s stock.
Key Headlines Impacting Advanced Micro Devices
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 Activity at Advanced Micro Devices
Advanced Micro Devices Stock Performance
AMD stock opened at $456.74 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73. The business has a 50-day moving average price of $509.59 and a 200 day moving average price of $377.97. The company 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 debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue for the quarter was up 50.1% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Melius Research set a $660.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 24th. UBS Group reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Rosenblatt Securities raised their price target on Advanced Micro Devices from $665.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Roth Capital boosted their price objective on Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $546.95.
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.
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