Second Line Capital LLC Increases Stake in Advanced Micro Devices, Inc.

Second Line Capital LLC has significantly increased its investment in Advanced Micro Devices, Inc. (NASDAQ:AMD) by a remarkable 1,111.8% during the third quarter, as detailed in the latest Form 13F filed with the Securities and Exchange Commission (SEC). Following this transaction, the firm now holds 17,838 shares of the semiconductor company, having acquired an additional 16,366 shares during this period. The shares now represent approximately 0.8% of Second Line Capital's overall portfolio, making it their 27th largest investment. Based on the most recent filing, these holdings in Advanced Micro Devices are valued at about $2,927,000.

In addition to Second Line Capital, several other institutional investors have also adjusted their stakes in Advanced Micro Devices. For example, Creative Capital Management Investments LLC raised its holdings by 124.6% during the third quarter, resulting in 155 shares worth $25,000 after obtaining 86 extra shares. Similarly, ZRC Wealth Management LLC increased its position by 90.4%, now owning 158 shares valued at $26,000 after buying an extra 75 shares. Fairway Wealth LLC initiated a new investment worth approximately $27,000 during the second quarter, while Morton Brown Family Wealth LLC enhanced its stake by 94.4% and Ridgewood Investments LLC also made a new investment this year valued at around $35,000. Collectively, institutional investors now control 71.34% of Advanced Micro Devices' stock.

Recent Performance of Advanced Micro Devices

As of Wednesday morning, shares of NASDAQ AMD opened at $127.74. Currently, the company boasts a market capitalization of $207.30 billion, a P/E ratio of 115.08, and a price-to-earnings-growth ratio standing at 1.91. The stock has a beta of 1.66. The average price over the past 50 days is $149.48, while the 200-day average is $153.01. Advanced Micro Devices maintains a current ratio of 2.50, a quick ratio of 1.78, and a notably low debt-to-equity ratio of 0.03. Over the past year, the stock’s performance has shown a low of $121.82 and a high of $227.30.

Recent Financial Results

Advanced Micro Devices recently released its quarterly earnings report on October 29th, revealing earnings of $0.92 per share, meeting consensus expectations. The company reported revenue totaling $6.82 billion, exceeding analyst forecasts of $6.71 billion. Their return on equity was recorded at 6.62%, alongside a net margin of 7.52%. This quarter saw a year-over-year revenue growth of 17.6%. Comparatively, the previous year, they earned $0.53 EPS. Analysts predict that earnings for the upcoming year will reach approximately $2.54 per share.

Insider Activity

In other relevant news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices on November 5th at an average price of $141.67, amounting to a total transaction of $5,743,301.80. Following this sale, Norrod currently possesses 293,347 shares, valued at about $41,558,469.49—a decrease of 12.14% from before the sale. Furthermore, CEO Lisa T. Su sold 76,496 shares on December 4th at an average price of $142.66, with a total value of $10,912,919.36. Post this transaction, she retains ownership of 3,566,762 shares, valued at $508,834,266.92, marking a decrease of 2.10%. Over the last three months, insiders have sold 197,036 shares, totaling $28,165,821, with insiders holding only 0.65% of the stock.

Market Analysts' Opinions

Various brokerage firms have recently offered insights regarding AMD stocks. Bank of America downgraded the stock from a "buy" to a "neutral" rating, lowering the target price from $180.00 to $155.00. Barclays also reduced its target price to $170.00 while maintaining an “overweight” rating. Similarly, Mizuho pared down their price target from $185.00 to $180.00, issuing an “outperform” rating. Consensus highlights include Benchmark affirming a “buy” rating with a target of $200.00, with Rosenblatt Securities reestablishing a “buy” rating and projecting a price target of $250.00. Out of recent reviews, one analyst has advocated a sell rating, while four hold ratings were assigned, and twenty-six analysts suggested a buy rating, resulting in a consensus rating of “Moderate Buy” and a target of $192.36.

Company Overview

Advanced Micro Devices, Inc. is a global semiconductor company operating through various segments: Data Center, Client, Gaming, and Embedded. The company specializes in producing x86 microprocessors, graphics processing units (GPUs), and other technology-based products and services, catering to a wide array of industries.

Investment, Shares, Earnings