Advanced Micro Devices, Inc. $AMD Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in Advanced Micro Devices, Inc. by 28.8% during the first quarter, selling over 5 million shares and now holding approximately 12.7 million shares valued at over $1.3 billion.
• Several other firms increased their stakes in AMD, with Banco Bilbao Vizcaya Argentaria S.A. raising its position by 33.5% to over 403,000 shares worth nearly $49 million.
• AMD's recent earnings report indicated a miss in EPS expectations with a reported $0.48 EPS compared to the anticipated $0.54, although revenue increased by 31.7% year-over-year.

Price T Rowe Associates Inc. MD cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 28.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,742,740 shares of the semiconductor manufacturer's stock after selling 5,151,003 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.79% of Advanced Micro Devices worth $1,309,190,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMD. Brighton Jones LLC lifted its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after acquiring an additional 29,825 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Advanced Micro Devices by 33.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 403,727 shares of the semiconductor manufacturer's stock worth $48,959,000 after buying an additional 101,405 shares during the period. Finally, Stonebridge Capital Advisors LLC raised its stake in shares of Advanced Micro Devices by 4.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 65,883 shares of the semiconductor manufacturer's stock worth $7,958,000 after buying an additional 2,535 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's 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 completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 0.9%

Shares of NASDAQ:AMD opened at $163.71 on Friday. 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 business has a fifty day moving average of $154.45 and a two-hundred day moving average of $121.67. The stock has a market cap of $265.68 billion, a P/E ratio of 94.09, a PEG ratio of 1.95 and a beta of 1.94. 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 announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the company earned $0.69 EPS. The business's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

AMD has been the subject of several research analyst reports. Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Mizuho upped their target price on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. 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, Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $180.12.

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.

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