Assenagon Asset Management S.A. Sells 2,534,191 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Assenagon Asset Management S.A. reduced its stake in Advanced Micro Devices, Inc. by 29.4%, holding approximately 6,080,151 shares after selling 2,534,191 shares.
• Goldman Sachs Group Inc. significantly increased its holdings in AMD by 169.7% during the first quarter, now owning 9,855,341 shares valued at over $1 billion.
• Recently, AMD executives sold significant amounts of shares, with CEO Lisa T. Su selling 225,000 shares for about $36.9 million, indicating a decrease in ownership positions.

Assenagon Asset Management S.A. cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 29.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,080,151 shares of the semiconductor manufacturer's stock after selling 2,534,191 shares during the period. Advanced Micro Devices accounts for approximately 1.3% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 12th biggest holding. Assenagon Asset Management S.A. owned about 0.37% of Advanced Micro Devices worth $862,773,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMD. Brighton Jones LLC grew its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after acquiring an additional 29,825 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Advanced Micro Devices by 21.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 12,536 shares of the semiconductor manufacturer's stock worth $1,514,000 after acquiring an additional 2,182 shares during the last quarter. Finally, Cornerstone Advisory LLC raised its holdings in shares of Advanced Micro Devices by 8.0% in the 4th quarter. Cornerstone Advisory LLC now owns 4,301 shares of the semiconductor manufacturer's stock worth $486,000 after acquiring an additional 320 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 270,198 shares of company stock valued at $44,183,576 in the last quarter. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $2.42 during trading hours on Monday, hitting $159.81. 39,963,869 shares of the company were exchanged, compared to its average volume of 46,705,254. The firm has a fifty day simple moving average of $165.02 and a 200 day simple moving average of $129.55. The stock has a market capitalization of $259.34 billion, a price-to-earnings ratio of 91.84, a P/E/G ratio of 1.85 and a beta of 1.92. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

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). The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMD. Barclays upped their target price on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Mizuho increased their price objective on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Truist Financial upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and increased their price objective for the company from $173.00 to $213.00 in a research note on Tuesday, August 26th. Raymond James Financial increased their price objective on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

About Advanced Micro Devices

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.