Erste Asset Management GmbH Reduces Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Erste Asset Management GmbH reduced its stake in Advanced Micro Devices, Inc. by 6.5%, now holding 284,868 shares valued at approximately $29.27 million.
• Barclays and Wells Fargo both raised their target prices for AMD shares, with Barclays increasing it to $200.00 and Wells Fargo to $185.00, while Dbs Bank downgraded it from a "strong-buy" to a "hold."
• Advanced Micro Devices announced a $6 billion stock repurchase plan, indicating management's belief that its shares are undervalued.

Erste Asset Management GmbH decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,868 shares of the semiconductor manufacturer's stock after selling 19,749 shares during the period. Erste Asset Management GmbH's holdings in Advanced Micro Devices were worth $29,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC boosted its position in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Finally, Investors Research Corp boosted its position in shares of Advanced Micro Devices by 117.9% in the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 165 shares during the period. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMD shares. Barclays lifted their target price on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $180.12.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $166.55 on Wednesday. The business's 50 day moving average price is $152.66 and its 200-day moving average price is $121.02. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The company has a market cap of $270.28 billion, a P/E ratio of 95.72, a P/E/G ratio of 2.08 and a beta of 1.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

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 firm had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts predict 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 repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

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.

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