Advanced Micro Devices, Inc. $AMD Shares Acquired by Korea Investment CORP

Key Points

• Korea Investment CORP raised its stake in Advanced Micro Devices, Inc. by 3.1%, holding approximately 983,500 shares valued at $101 million.
• Several brokerages have upgraded AMD's stock, with price targets reaching up to $210 and a consensus rating of "Moderate Buy".
• Advanced Micro Devices reported earnings per share of $0.48 for the last quarter, missing estimates while achieving a net revenue of $7.69 billion.

Korea Investment CORP grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 983,500 shares of the semiconductor manufacturer's stock after buying an additional 29,508 shares during the period. Korea Investment CORP owned 0.06% of Advanced Micro Devices worth $101,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cladis Investment Advisory LLC increased its stake in shares of Advanced Micro Devices by 51.0% during the first quarter. Cladis Investment Advisory LLC now owns 10,960 shares of the semiconductor manufacturer's stock worth $1,126,000 after acquiring an additional 3,700 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 0.4% in the 1st quarter. Aptus Capital Advisors LLC now owns 101,950 shares of the semiconductor manufacturer's stock valued at $10,474,000 after buying an additional 437 shares during the period. Community Bank & Trust Waco Texas boosted its stake in shares of Advanced Micro Devices by 1.5% in the first quarter. Community Bank & Trust Waco Texas now owns 11,824 shares of the semiconductor manufacturer's stock valued at $1,215,000 after buying an additional 173 shares in the last quarter. Keystone Global Partners LLC acquired a new position in Advanced Micro Devices during the first quarter worth $47,000. Finally, Versor Investments LP purchased a new position in Advanced Micro Devices in the first quarter worth $1,027,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 0.8%

Shares of Advanced Micro Devices stock traded down $1.35 during trading hours on Wednesday, hitting $165.20. 59,939,516 shares of the company's stock traded hands, compared to its average volume of 47,042,613. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. The company has a market cap of $268.09 billion, a PE ratio of 94.94, a PEG ratio of 2.08 and a beta of 1.94. 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 stock has a 50 day simple moving average of $152.66 and a 200-day simple moving average of $121.02.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has initiated a share buyback 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 often an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value 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. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company'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 sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. 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 research report on Wednesday, August 6th. Stifel Nicolaus raised their price target on Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Benchmark increased their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Piper Sandler lifted their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.12.

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.