BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Trims Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• British Columbia Investment Management Corp has reduced its holdings in Advanced Micro Devices, Inc. (AMD) by 22.9%, resulting in ownership of 381,705 shares valued at approximately $39.2 million.
• Various institutional investors, including Toronto Dominion Bank and Bank Pictet & Cie Europe AG, have significantly increased their positions in AMD, indicating ongoing investor confidence in the company's prospects.
• Analyst ratings for AMD are generally positive, with a consensus rating of "Moderate Buy" and an average price target of $180.12, reflecting bullish sentiment in the market.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 381,705 shares of the semiconductor manufacturer's stock after selling 113,071 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Advanced Micro Devices were worth $39,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AMD. Toronto Dominion Bank lifted its stake in shares of Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after buying an additional 4,461,609 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of Advanced Micro Devices by 12.7% during 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 buying an additional 29,825 shares during the period. Valicenti Advisory Services Inc. lifted its stake in shares of Advanced Micro Devices by 4.0% during the first quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock valued at $7,893,000 after buying an additional 2,944 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Advanced Micro Devices by 17.2% during the first quarter. Sound Income Strategies LLC now owns 1,728 shares of the semiconductor manufacturer's stock valued at $178,000 after buying an additional 253 shares during the period. Finally, Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% during 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 period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMD shares. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Mizuho upped their price objective on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Finally, UBS Group upped their price objective on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Four investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $180.12.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $167.76 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The firm has a fifty day moving average of $155.48 and a 200-day moving average of $122.00. The firm has a market capitalization of $272.25 billion, a P/E ratio of 96.41, a PEG ratio of 1.94 and a beta of 1.94. 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 data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company earned $0.69 EPS. Advanced Micro Devices's 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, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

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.

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