Shell Asset Management Co. Acquires 21,541 Shares of Advanced Micro Devices, Inc. $AMD

Shell Asset Management Co. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 71,109 shares of the semiconductor manufacturer’s stock after buying an additional 21,541 shares during the period. Shell Asset Management Co.’s holdings in Advanced Micro Devices were worth $10,090,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock worth $15,654,222,000 after purchasing an additional 2,157,199 shares during the period. Amundi lifted its holdings in Advanced Micro Devices by 8.0% in the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after buying an additional 1,319,064 shares during the period. Invesco Ltd. grew its position in shares of Advanced Micro Devices by 4.0% in the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after buying an additional 450,695 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Advanced Micro Devices by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock valued at $1,083,815,000 after buying an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $203.71 on Tuesday. The stock has a market capitalization of $330.59 billion, a PE ratio of 117.07, a P/E/G ratio of 1.94 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $226.71. The business has a 50 day simple moving average of $166.54 and a two-hundred day simple moving average of $134.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate 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 business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the business earned $0.69 EPS. Advanced Micro Devices’s revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on AMD. Raymond James Financial boosted their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Evercore ISI increased their price target on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Jefferies Financial Group set a $300.00 price objective on Advanced Micro Devices and gave the company a “positive” rating in a research report on Monday. Hsbc Global Res raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Finally, Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.30.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the transaction, the executive vice president owned 311,598 shares of the company’s stock, valued at $51,416,785.98. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated 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 $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 272,448 shares of company stock worth $44,554,848. Insiders own 0.06% of the company’s stock.

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.