Gemmer Asset Management LLC Raises Holdings in Advanced Micro Devices, Inc. $AMD

Gemmer Asset Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,154 shares of the semiconductor manufacturer’s stock after buying an additional 676 shares during the quarter. Gemmer Asset Management LLC’s holdings in Advanced Micro Devices were worth $448,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AMD. Tritonpoint Wealth LLC boosted its stake in shares of Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 72 shares during the period. Scott & Selber Inc. boosted its stake in shares of 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 buying an additional 73 shares during the period. Sandy Cove Advisors LLC boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 272,448 shares of company stock valued at $44,554,848 in the last 90 days. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $164.67 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a market cap of $267.23 billion, a P/E ratio of 94.64, a PEG ratio of 1.94 and a beta of 1.90. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The company has a 50-day moving average price of $165.94 and a 200 day moving average price of $133.62.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. 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. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Barclays increased their target price on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Advanced Micro Devices in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $180.88.

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.