Caisse DE Depot ET Placement DU Quebec Purchases 261,796 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Advanced Micro Devices, Inc. (AMD) by 113.4% in the first quarter, acquiring an additional 261,796 shares, bringing its total holdings to 492,590 shares worth $50.6 million.
• Institutional investors now own 71.34% of AMD's stock, reflecting significant investor confidence, with major players like Vanguard Group and UBS AM also increasing their stakes recently.
• Several analysts have upgraded AMD's rating, with four rating it as a "Strong Buy" and a consensus target price set at $180.12, indicating a positive outlook amidst mixed quarterly earnings results.

Caisse DE Depot ET Placement DU Quebec raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 113.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 492,590 shares of the semiconductor manufacturer's stock after acquiring an additional 261,796 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Advanced Micro Devices were worth $50,609,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock valued at $15,654,222,000 after acquiring an additional 2,157,199 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Advanced Micro Devices by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock valued at $2,585,079,000 after purchasing an additional 1,929,225 shares in the last quarter. Northern Trust Corp grew its stake in Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares in the last quarter. Invesco Ltd. grew its stake in Advanced Micro Devices by 4.0% in the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock valued at $1,214,285,000 after purchasing an additional 450,695 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Advanced Micro Devices by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock valued at $1,083,815,000 after purchasing an additional 466,048 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMD. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research note on Monday, June 23rd. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird decreased their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.12.

Advanced Micro Devices Trading Down 2.6%

Shares of NASDAQ:AMD opened at $163.36 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The business has a 50 day moving average of $156.22 and a 200-day moving average of $122.55. The stock has a market cap of $265.11 billion, a PE ratio of 93.89, a P/E/G ratio of 1.98 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 announced its 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). 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 for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Insider Buying and Selling

In related news, 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 transaction, the executive vice president directly owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 1,713,710 shares in the company, 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. In the last 90 days, insiders have sold 252,998 shares of company stock worth $41,415,580. Corporate insiders own 0.06% of the company's stock.

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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