Caisse de depot et placement du Quebec Has $341.30 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Caisse de depot et placement du Quebec decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 587,528 shares of the semiconductor manufacturer's stock after selling 199,280 shares during the period. Caisse de depot et placement du Quebec's holdings in Advanced Micro Devices were worth $341,301,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sculptor Capital LP bought a new stake in shares of Advanced Micro Devices during the second quarter worth $238,057,000. Odyssean LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth $1,612,000. Lotus Technology Management LP bought a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $759,000. Jupiter Topco LLC bought a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $2,084,651,000. Finally, III Capital Management acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $1,278,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James Financial upgraded Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $565.00 to $641.00 in a research report on Tuesday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Sanford C. Bernstein reissued an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. HSBC cut Advanced Micro Devices from a "buy" rating to a "hold" rating and boosted their price target for the stock from $335.00 to $340.00 in a report on Monday, May 4th. Finally, Evercore reiterated an "outperform" rating and issued a $579.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $553.72.

Advanced Micro Devices Stock Down 2.3%

Shares of AMD opened at $465.58 on Friday. The company has a market capitalization of $760.05 billion, a PE ratio of 119.69 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The stock's 50-day moving average price is $505.66 and its two-hundred day moving average price is $384.43. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business's revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 17,261 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the completion of the transaction, the executive vice president owned 373,317 shares in the company, valued at $171,707,154.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 241,203 shares of company stock valued at $114,011,942 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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