BI Asset Management Fondsmaeglerselskab A S Reduces Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its holdings in Advanced Micro Devices, Inc. by 52.6%, resulting in ownership of only 81,290 shares, worth approximately $8.35 million.
• Other investors have adjusted their stakes, with BSN CAPITAL PARTNERS Ltd significantly increasing its holdings by 92.3% during the same period, now owning 400,000 shares valued at around $42.6 million.
• Advanced Micro Devices reported a quarterly loss of $0.06 per share compared to expectations, despite achieving a revenue of $7.69 billion that exceeded analyst estimates.

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 81,290 shares of the semiconductor manufacturer's stock after selling 90,309 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Advanced Micro Devices were worth $8,352,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Nan Shan Life Insurance Co. Ltd. grew its stake in shares of Advanced Micro Devices by 4.1% during the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 375,893 shares of the semiconductor manufacturer's stock worth $38,619,000 after acquiring an additional 14,862 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of Advanced Micro Devices by 4.2% during the first quarter. Legacy Financial Advisors Inc. now owns 5,212 shares of the semiconductor manufacturer's stock worth $535,000 after acquiring an additional 210 shares during the last quarter. BSN CAPITAL PARTNERS Ltd lifted its holdings in shares of Advanced Micro Devices by 92.3% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 400,000 shares of the semiconductor manufacturer's stock worth $42,576,000 after purchasing an additional 192,000 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth about $1,000,000. Finally, Korea Investment CORP lifted its holdings in shares of Advanced Micro Devices by 3.1% during the first quarter. Korea Investment CORP now owns 983,500 shares of the semiconductor manufacturer's stock worth $101,045,000 after purchasing an additional 29,508 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices 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 transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices 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 completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This trade 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.

Analysts Set New Price Targets

AMD has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Sanford C. Bernstein lifted their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Truist Financial lifted their target price on Advanced Micro Devices from $111.00 to $173.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $180.12.

Advanced Micro Devices Trading Down 5.4%

AMD opened at $166.55 on Wednesday. The firm has a market cap 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. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The business's 50 day moving average is $152.66 and its two-hundred day moving average is $121.02. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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). The firm had revenue of $7.69 billion for 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 company's quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a share buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

About Advanced Micro Devices

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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