Financiere des Professionnels Fonds d investissement inc. Lowers Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Financiere des Professionnels Fonds d investissement inc. reduced its AMD stake by 20.9% in the fourth quarter, leaving it with 12,786 shares valued at about $2.74 million.
• Other institutional investors were active in AMD, with large firms like Norges Bank, Jennison Associates, and Wellington Management sharply increasing positions; overall, 71.34% of AMD is owned by hedge funds and institutions.
• AMD posted strong quarterly results, beating earnings and revenue estimates, while analysts remain broadly positive with a Moderate Buy consensus and a target price of $419.86 despite some recent insider selling and a 4.9% stock decline.

Financiere des Professionnels Fonds d investissement inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,786 shares of the semiconductor manufacturer's stock after selling 3,375 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Advanced Micro Devices were worth $2,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMD. Norges Bank purchased a new position in Advanced Micro Devices during the fourth quarter valued at $4,929,312,000. Jennison Associates LLC lifted its position in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares in the last quarter. Wellington Management Group LLP lifted its position in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Franklin Resources Inc. lifted its position in Advanced Micro Devices by 340.1% during the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Advanced Micro Devices by 104.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer's stock valued at $1,283,096,000 after purchasing an additional 3,059,935 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Needham & Company LLC upgraded Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. BTIG Research raised Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Jefferies Financial Group cut Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Wednesday, May 6th. Royal Bank Of Canada raised their price target on Advanced Micro Devices from $325.00 to $400.00 and gave the company a "sector perform" rating in a report on Wednesday, May 6th. Finally, DA Davidson raised their price target on Advanced Micro Devices from $375.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $419.86.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD continues to benefit from strong AI infrastructure demand, with recent coverage highlighting record data center revenue and growing adoption of EPYC and Instinct products.
• Positive Sentiment: Wall Street remains broadly constructive on AMD, with multiple buy/overweight ratings and several price targets above current levels.
• Neutral Sentiment: TSMC’s strong monthly sales reinforced that demand for AI chips remains robust across the semiconductor supply chain.
• Negative Sentiment: AMD was hit by a sector-wide semiconductor selloff as investors pulled back from high-flying chip stocks.
• Negative Sentiment: AMD’s investment in TensorWave raised concerns about circular financing and added to recent caution around AI-related capital allocation.
• Negative Sentiment: Several market commentators and analysts warned that AMD’s sharp multi-month rally may be leaving the stock vulnerable to a valuation reset.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares in the company, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the transaction, the chief executive officer owned 3,021,899 shares of the company's stock, valued at approximately $1,346,286,223.49. This represents a 3.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 247,032 shares of company stock valued at $101,072,366 in the last quarter. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 4.9%

Shares of AMD stock opened at $452.40 on Thursday. The stock has a market capitalization of $737.68 billion, a price-to-earnings ratio of 148.33, a price-to-earnings-growth ratio of 1.40 and a beta of 2.50. Advanced Micro Devices, Inc. has a 12-month low of $115.06 and a 12-month high of $546.44. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average price is $374.69 and its 200-day moving average price is $270.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm's revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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