Gunderson Capital Management Inc. Increases Stake in AMD to $6.44 Million

Gunderson Capital Management Inc. has raised its investment in Advanced Micro Devices, Inc. (AMD) by 3.6% during the third quarter, as reported in the latest Form 13F filing with the Securities and Exchange Commission (SEC). The investment firm now possesses 62,616 shares of the semiconductor giant after acquiring an additional 2,183 shares. With a current value of $6.44 million, AMD's stock represents 4.4% of Gunderson's portfolio, ranking as its third-largest holding.

Investments by Other Firms

Several other hedge funds and institutional investors have also adjusted their positions in AMD. Bank Julius Baer & Co. Ltd Zurich notably increased its shares in AMD by a staggering 411,469.2% in the second quarter, holding 471,880,586 shares worth approximately $53.75 billion. Norges Bank began a new stake in the fourth quarter valued at about $1.25 billion. Wellington Management Group LLP doubled its shares in the first quarter to 20,254,885 shares, valued at nearly $1.99 billion. Similarly, Jennison Associates LLC and Moneta Group Investment Advisors LLC significantly increased their holdings, with the latter acquiring over 8.5 million shares valued around $552.3 million. Overall, institutional investors and hedge funds own 68.43% of AMD's stock.

AMD's Market Performance

Advanced Micro Devices stock recently opened at $139.15, with a 50-day moving average price of $115.01 and a 200-day moving average of $112.20. The company boasts a market capitalization of $222.64 billion, a price-to-earnings ratio of 1,159.68, and a beta of 1.68. AMD has maintained a low debt-to-equity ratio of 0.03, showcasing financial stability. Over the past year, the stock price has fluctuated between a low of $60.05 and a high of $141.82.

Earnings Overview

The semiconductor manufacturer's recent quarterly earnings report showed a $0.70 earning per share (EPS), slightly exceeding the $0.68 consensus estimate and demonstrating consistent performance with a 4.2% increase in year-over-year revenue.

Analyst Ratings and Insider Transactions

AMD has received predominantly positive ratings from analysts, with one sell rating, three holds, twenty buys, and one strong buy. Price targets range with an average of $136.77. CEO Lisa T. Su sold 75,000 shares, and CAO Darla M. Smith sold 4,000 shares, highlighting notable insider activity. These sales are part of normal stock management practices by executives and are publicly disclosed.

About Advanced Micro Devices

AMD operates globally as a semiconductor company, focusing on several market segments including Data Center, Client, Gaming, and Embedded products. The company is known for its microprocessors, GPUs, and more, driving innovation in the tech industry.

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