Advanced Micro Devices, Inc. $AMD Shares Purchased by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management increased its AMD stake by 474.5% in the fourth quarter, adding 232,161 shares and bringing its total to 281,088 shares worth about $60.2 million.
• Institutional interest in AMD remains strong, with several major funds also making large additions; the article notes that 71.34% of the stock is owned by institutional investors and hedge funds.
• AMD has been buoyed by positive analyst sentiment and AI-related optimism, including upgrades from Citi and Bank of America, while the company also beat quarterly earnings expectations with $1.37 EPS and $10.25 billion in revenue.

Panagora Asset Management Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 474.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,088 shares of the semiconductor manufacturer's stock after purchasing an additional 232,161 shares during the quarter. Panagora Asset Management Inc.'s holdings in Advanced Micro Devices were worth $60,198,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMD. Norges Bank acquired a new position in Advanced Micro Devices in the 4th quarter valued at $4,929,312,000. Jennison Associates LLC raised its stake in Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. acquired a new position in Advanced Micro Devices in the 4th quarter valued at $1,000,783,000. Wellington Management Group LLP raised its stake in Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Advanced Micro Devices by 340.1% in the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Citi upgraded AMD and argued that the market is underpricing its AI GPU upside, boosting confidence in the stock’s AI-driven growth path.
• Positive Sentiment: Bank of America also raised its outlook on AMD, calling it a top CPU pick and pointing to a large agentic AI opportunity across servers and accelerators.
• Positive Sentiment: Multiple reports highlighted rising GPU market-share data and stronger investor focus on AMD’s expanding role in AI hardware, helping semiconductor stocks rally broadly.

Advanced Micro Devices Price Performance

Shares of AMD opened at $511.57 on Monday. Advanced Micro Devices, Inc. has a 52-week low of $115.06 and a 52-week high of $546.44. The company has a market capitalization of $834.17 billion, a PE ratio of 167.73, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. The stock has a fifty day simple moving average of $386.41 and a two-hundred day simple moving average of $274.60. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company's quarterly revenue was up 37.8% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on Advanced Micro Devices from $270.00 to $385.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Truist Financial set a $478.00 target price on Advanced Micro Devices in a research note on Wednesday, May 6th. Seaport Research Partners raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a research note on Wednesday, May 6th. Oppenheimer downgraded Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company raised their target price on Advanced Micro Devices from $345.00 to $505.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $424.59.

Insider Activity

In related news, EVP Mark D. Papermaster sold 31,320 shares of the firm's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares of the company's stock, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares of the company's stock, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 372,032 shares of company stock worth $158,658,616. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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