iA Global Asset Management Inc. Buys 115,207 Shares of Advanced Micro Devices, Inc. $AMD

iA Global Asset Management Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 64.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 293,586 shares of the semiconductor manufacturer’s stock after purchasing an additional 115,207 shares during the period. iA Global Asset Management Inc.’s holdings in Advanced Micro Devices were worth $41,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dogwood Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares during the period. Avion Wealth lifted its holdings in Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 72 shares in the last quarter. West Branch Capital LLC lifted its holdings in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 214 shares in the last quarter. Bear Mountain Capital Inc. lifted its holdings in Advanced Micro Devices by 75.0% during the first quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 150 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 185.3% during the first quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 215 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $256.12 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock’s 50-day simple moving average is $191.16 and its 200 day simple moving average is $153.25. The company has a market cap of $415.64 billion, a P/E ratio of 147.20, a P/E/G ratio of 2.42 and a beta of 1.90. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last released its 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). 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%. Advanced Micro Devices’s revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. Melius Research set a $300.00 target price on Advanced Micro Devices in a report on Monday, October 6th. HSBC lifted their target price on Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. UBS Group lifted their price target on Advanced Micro Devices from $210.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Bank of America lifted their price target on Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.32.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 274,118 shares of company stock valued at $46,180,719 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

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.