Advanced Micro Devices, Inc. $AMD Stock Holdings Trimmed by Carmignac Gestion

Key Points

• Carmignac Gestion reduced its holdings in Advanced Micro Devices, Inc. (AMD) by 46.4% in the first quarter, selling 10,370 shares and leaving them with a total of 11,975 shares valued at approximately $1.23 million.
• Despite the reduction by Carmignac, other institutional investors such as Brighton Jones LLC and TD Waterhouse Canada Inc. saw significant increases in their AMD positions, reflecting ongoing interest in the stock.
• Wall Street analysts maintain a generally positive outlook on AMD, with current average target prices ranging from $140 to $205, and a consensus rating of "Moderate Buy."

Carmignac Gestion reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,975 shares of the semiconductor manufacturer's stock after selling 10,370 shares during the quarter. Carmignac Gestion's holdings in Advanced Micro Devices were worth $1,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Brighton Jones LLC increased 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 buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake 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 boosted its stake 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. TD Waterhouse Canada Inc. boosted its stake in Advanced Micro Devices by 32.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 136,011 shares of the semiconductor manufacturer's stock valued at $16,429,000 after acquiring an additional 33,295 shares during the period. Finally, SIH Partners LLLP acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $1,352,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMD. Loop Capital decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley decreased their target price on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Mizuho boosted their price objective 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. Finally, Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $180.12.

Insider Buying and Selling

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

Advanced Micro Devices Stock Performance

AMD opened at $166.55 on Wednesday. The company has a market capitalization of $270.28 billion, a price-to-earnings ratio of 95.72, a price-to-earnings-growth ratio of 2.08 and a beta of 1.94. 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 1-year low of $76.48 and a 1-year high of $186.65. The business has a 50 day moving average price of $152.66 and a two-hundred day moving average price of $121.02.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has initiated a stock buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are 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.

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