DnB Asset Management AS Purchases 734,563 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• DnB Asset Management AS significantly increased its holdings in Advanced Micro Devices, Inc. by 161.7%, acquiring an additional 734,563 shares during the first quarter, bringing its total ownership to 1,188,832 shares valued at $122.14 million.
• Company executives sold a total of 252,998 shares in recent months, with CEO Lisa T. Su selling 225,000 shares valued at approximately $36.89 million, representing a 6.28% decrease in her position.
• Advanced Micro Devices reported a 31.7% year-over-year increase in revenue, with Q2 earnings per share of $0.48, which fell short of analyst expectations by $0.06.

DnB Asset Management AS grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 161.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,188,832 shares of the semiconductor manufacturer's stock after purchasing an additional 734,563 shares during the period. DnB Asset Management AS owned about 0.07% of Advanced Micro Devices worth $122,141,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares in the last quarter. American Capital Advisory LLC grew its position in Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the period. Kozak & Associates Inc. raised its stake in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 6.6%

Shares of AMD traded down $10.65 during trading hours on Friday, hitting $151.14. 77,891,119 shares of the stock traded hands, compared to its average volume of 48,056,704. The business has a fifty day moving average of $161.36 and a 200-day moving average of $125.54. The firm has a market capitalization of $245.28 billion, a PE ratio of 86.86, a price-to-earnings-growth ratio of 1.90 and a beta of 1.92. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share 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 firm 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 firm posted $0.69 earnings per share. The business'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. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding 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 usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the company'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 completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% 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 valued at $41,415,580 over the last ninety days. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMD shares. Jefferies Financial Group upped their target price on shares of Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Morgan Stanley decreased their price objective on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Evercore ISI lifted their target price on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Susquehanna boosted their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a report on Thursday, July 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $181.33.

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.