Advanced Micro Devices, Inc. $AMD Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management reduced its stake in Advanced Micro Devices by 0.2%, now holding approximately 21.36 million shares valued at around $2.19 billion.
• A variety of hedge funds have increased their positions in AMD, with notable increases from firms like Seaview Investment Managers (up 4.3%) and Vermillion & White Wealth Management Group (up 29.0%).
• Analysts have recently adjusted their price targets for AMD, with ranges now between $140.00 and $205.00, reflecting a generally optimistic outlook despite a recent earnings miss.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,363,923 shares of the semiconductor manufacturer's stock after selling 37,513 shares during the quarter. Advanced Micro Devices comprises about 0.6% of UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC's investment portfolio, making the stock its 27th biggest position. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.32% of Advanced Micro Devices worth $2,194,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Seaview Investment Managers LLC raised its holdings in shares of Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares during the last quarter. Activest Wealth Management lifted its position in Advanced Micro Devices by 9.4% during the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock valued at $117,000 after purchasing an additional 98 shares during the last quarter. Peterson Wealth Services lifted its position in Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after purchasing an additional 103 shares during the last quarter. Lifeworks Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 5.6% in the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock worth $203,000 after acquiring an additional 104 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Advanced Micro Devices by 29.0% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 467 shares of the semiconductor manufacturer's stock worth $48,000 after buying an additional 105 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMD. Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Sanford C. Bernstein upped their price target on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. DZ Bank raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 target price for the company in a report on Thursday, August 7th. Citigroup increased their target price on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Finally, Mizuho raised their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the 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 completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,998 shares of company stock valued at $41,415,580 in the last three months. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $151.41 on Tuesday. The stock's 50-day simple moving average is $161.55 and its 200-day simple moving average is $125.98. The firm has a market capitalization of $245.71 billion, a price-to-earnings ratio of 87.02, a PEG ratio of 1.79 and a beta of 1.92. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Advanced Micro Devices's quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.