Amundi Increases Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Amundi increased its holdings in Advanced Micro Devices (AMD) by 8.0% during Q1, acquiring an additional 1,319,064 shares, and now owns approximately 17,829,010 shares valued at around $1.68 billion.
• Multiple institutional investors, including Vanguard and T. Rowe Price, have also boosted their stakes in AMD, with total institutional ownership standing at 71.34%.
• The semiconductor company recently reported Q2 earnings with an EPS of $0.48, missing expectations, but achieved a 31.7% year-over-year revenue growth of $7.69 billion.

Amundi raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,829,010 shares of the semiconductor manufacturer's stock after buying an additional 1,319,064 shares during the period. Advanced Micro Devices comprises 0.6% of Amundi's portfolio, making the stock its 23rd largest holding. Amundi owned 1.10% of Advanced Micro Devices worth $1,677,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares during the last quarter. American Capital Advisory LLC boosted its position in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. boosted its position in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction 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 sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,998 shares of company stock valued at $41,415,580 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the subject of a number of recent analyst reports. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research report on Monday, June 23rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Erste Group Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group upped their price target on shares of Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. Finally, Stifel Nicolaus boosted their target price on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $10.65 during mid-day trading on Friday, hitting $151.14. The company had a trading volume of 77,891,119 shares, compared to its average volume of 48,056,704. The company has a market capitalization of $245.28 billion, a P/E ratio of 86.86, a P/E/G ratio of 1.90 and a beta of 1.92. The stock's 50 day moving average price is $161.36 and its 200-day moving average price is $125.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research 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 of Directors has authorized a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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.