Eventide Asset Management LLC Buys 1,697 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Eventide Asset Management LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 33.1%, owning a total of 6,830 shares valued at $703,000 as of the end of Q1.
• Insiders in AMD, including EVP Paul Darren Grasby and Mark D. Papermaster, have recently sold substantial amounts of shares, totaling $41.4 million in the last three months.
• AMD's market capitalization is currently $262.56 billion, with multiple analysts giving projections of a strong future for the company despite recent earnings falling short of estimates.

Eventide Asset Management LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,830 shares of the semiconductor manufacturer's stock after purchasing an additional 1,697 shares during the quarter. Eventide Asset Management LLC's holdings in Advanced Micro Devices were worth $703,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after buying an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after buying an additional 5,915,185 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after buying an additional 4,461,609 shares during the last quarter. Nuveen LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at $436,746,000. Finally, Parnassus Investments LLC lifted its position in shares of Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after buying an additional 4,133,785 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $10.65 during trading on Friday, reaching $151.14. The company's stock had a trading volume of 77,891,119 shares, compared to its average volume of 48,056,704. The stock has a market capitalization of $245.28 billion, a PE ratio of 56.19, a P/E/G ratio of 1.78 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm has a fifty day moving average of $161.36 and a 200 day moving average of $125.54. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. 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 fiscal 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 repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMD shares. Morgan Stanley dropped their price target on Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Mizuho increased their price objective on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Barclays increased their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Citigroup increased their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, Jefferies Financial Group increased their price objective on Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the 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 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 three months, insiders have sold 252,998 shares of company stock worth $41,415,580. 0.06% of the stock is currently owned by 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.