Advanced Micro Devices, Inc. $AMD Stock Position Decreased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in Advanced Micro Devices, Inc. by 4.4% in the first quarter, now owning approximately 1,347,794 shares valued at $138,472,000.
• Insider sales included EVP Mark D. Papermaster selling 17,998 shares for approximately $2.79 million and EVP Paul Darren Grasby selling 10,000 shares for about $1.73 million.
• Several analysts have issued reports on AMD, with Piper Sandler raising their price objective from $140 to $190 and maintaining an "overweight" rating, while Dbs Bank downgraded the stock from "strong-buy" to "hold."

Adage Capital Partners GP L.L.C. reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,347,794 shares of the semiconductor manufacturer's stock after selling 62,500 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.08% of Advanced Micro Devices worth $138,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Federation des caisses Desjardins du Quebec grew its stake in Advanced Micro Devices by 5.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 269,374 shares of the semiconductor manufacturer's stock worth $27,676,000 after buying an additional 14,915 shares during the last quarter. Perbak Capital Partners LLP bought a new position in shares of Advanced Micro Devices in the first quarter worth $325,000. Chiron Capital Management LLC bought a new position in shares of Advanced Micro Devices in the first quarter worth $377,000. EP Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 207.0% in the first quarter. EP Wealth Advisors LLC now owns 185,442 shares of the semiconductor manufacturer's stock worth $19,052,000 after purchasing an additional 125,040 shares in the last quarter. Finally, 1248 Management LLC grew its stake in shares of Advanced Micro Devices by 33.9% in the first quarter. 1248 Management LLC now owns 11,475 shares of the semiconductor manufacturer's stock worth $1,179,000 after purchasing an additional 2,906 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the firm'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 directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 252,998 shares of company stock worth $41,415,580. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 0.2%

Shares of AMD stock traded down $0.34 on Thursday, reaching $161.79. 32,011,806 shares of the company's stock traded hands, compared to its average volume of 46,520,301. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. 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 company has a market capitalization of $262.56 billion, a P/E ratio of 92.98, a price-to-earnings-growth ratio of 1.93 and a beta of 1.92. The business's 50 day moving average price is $160.85 and its two-hundred day moving average price is $124.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The company's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has authorized a share buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays increased their price target on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Robert W. Baird cut their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. TD Cowen upped their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Truist Financial upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and upped their price objective for the company from $173.00 to $213.00 in a report on Tuesday, August 26th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $181.33.

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.