1832 Asset Management L.P. Grows Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• 1832 Asset Management L.P. increased its stake in Advanced Micro Devices, Inc. (AMD) by 97.7%, acquiring an additional 7,359 shares during the first quarter, bringing its total holdings to 14,889 shares valued at $1,530,000.
• Insider trading saw significant shares sold, including 10,000 shares by EVP Paul Darren Grasby and 225,000 shares by CEO Lisa T. Su, indicating a 7.38% and 6.28% decrease in their respective holdings.
• Analysts have set varying price targets for AMD, with Melius Research upgrading it to a "strong-buy" rating and setting a target price of $175.00, while other firms have issued targets ranging from $140.00 to $210.00.

1832 Asset Management L.P. increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 97.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,889 shares of the semiconductor manufacturer's stock after acquiring an additional 7,359 shares during the quarter. 1832 Asset Management L.P.'s holdings in Advanced Micro Devices were worth $1,530,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $28,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC increased its holdings in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the period. Finally, Investors Research Corp increased its stake in Advanced Micro Devices by 117.9% in the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 165 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMD. Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Dbs Bank cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Wedbush reissued a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.33.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $5.95 on Friday, hitting $162.63. The company's stock had a trading volume of 37,429,409 shares, compared to its average volume of 63,417,536. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. 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 firm has a fifty day moving average price of $159.34 and a 200-day moving average price of $123.91. The company has a market capitalization of $263.92 billion, a P/E ratio of 93.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) 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 return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Advanced Micro Devices's quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has approved a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,998 shares of company stock worth $41,415,580 in the last three months. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Company 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.