Clearline Capital LP Invests $12.60 Million in Advanced Micro Devices, Inc. $AMD

Key Points

• Clearline Capital LP has acquired 122,618 shares of Advanced Micro Devices, Inc. for approximately $12.6 million, indicating significant investor interest in the semiconductor company.
• Institutional investors collectively own 71.34% of AMD's stock, reflecting a strong presence of hedge funds in the company's ownership structure.
• AMD's stock has experienced recent analyst upgrades, with price targets raised by firms like UBS Group and JPMorgan, suggesting positive sentiment about the company's future performance.

Clearline Capital LP acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 122,618 shares of the semiconductor manufacturer's stock, valued at approximately $12,598,000.

Several other hedge funds have also recently added to or reduced their stakes in AMD. Seaview Investment Managers LLC boosted its stake in shares of Advanced Micro Devices by 4.3% in the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of Advanced Micro Devices by 9.4% during the 1st quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock valued at $117,000 after buying an additional 98 shares in the last quarter. Peterson Wealth Services boosted its position in shares of Advanced Micro Devices by 2.9% in the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after purchasing an additional 103 shares in the last quarter. Lifeworks Advisors LLC raised its stake in Advanced Micro Devices by 5.6% during the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock valued at $203,000 after buying an additional 104 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Advanced Micro Devices by 29.0% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 467 shares of the semiconductor manufacturer's stock worth $48,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a research report on Wednesday, August 6th. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a report on Saturday, August 9th. Barclays increased their price target on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Benchmark boosted their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Truist Financial upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and increased their target price for the company from $173.00 to $213.00 in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

Insiders Place Their Bets

In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 15th. The shares were 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. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,998 shares of company stock worth $41,415,580 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD traded up $3.72 during trading on Wednesday, hitting $159.54. The company's stock had a trading volume of 52,262,769 shares, compared to its average volume of 46,609,404. The business's 50 day simple moving average is $161.95 and its 200-day simple moving average is $126.19. The firm has a market cap of $258.91 billion, a PE ratio of 57.93, a P/E/G ratio of 1.84 and a beta of 1.92. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. 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 posted its quarterly earnings data 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 company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter last year, the company earned $0.69 earnings per share. The company's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits 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 board of directors believes its stock is 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.