Groupe la Francaise Has $7 Million Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Groupe la Francaise reduced its holdings in Advanced Micro Devices, Inc. by 28.7%, selling 26,513 shares and retaining a total of 66,016 shares valued at approximately $7 million.
• Advanced Micro Devices reported a quarterly earnings of $0.48 per share, which was below expectations, but its revenue of $7.69 billion surpassed analyst predictions.
• The company's Board of Directors has authorized a share repurchase plan to buy back up to $6 billion of its outstanding shares, signifying a belief that the stock is undervalued.

Groupe la Francaise cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 28.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,016 shares of the semiconductor manufacturer's stock after selling 26,513 shares during the period. Groupe la Francaise's holdings in Advanced Micro Devices were worth $7,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Seaview Investment Managers LLC raised its holdings in shares of Advanced Micro Devices by 4.3% in the first 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 during the last quarter. Peterson Wealth Services raised its holdings in shares of Advanced Micro Devices by 2.9% in the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after purchasing an additional 103 shares during the last quarter. Lifeworks Advisors LLC raised its holdings in shares of Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock valued at $203,000 after purchasing an additional 104 shares during the last quarter. Alaethes Wealth LLC raised its holdings in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after purchasing an additional 115 shares during the last quarter. Finally, Sunflower Bank N.A. raised its holdings in shares of Advanced Micro Devices by 4.3% in the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock valued at $288,000 after purchasing an additional 116 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMD shares. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Mizuho raised their target price on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their target price for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $180.12.

Insider Activity

In other news, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated 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 directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 252,998 shares of company stock valued at $41,415,580. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

AMD stock traded down $4.40 during midday trading on Monday, reaching $163.36. 36,030,531 shares of the company were exchanged, compared to its average volume of 46,900,328. 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 business has a 50-day moving average price of $155.48 and a two-hundred day moving average price of $122.16. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The firm has a market capitalization of $265.11 billion, a price-to-earnings ratio of 93.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.94.

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 (EPS) 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 net margin of 9.57% and a return on equity of 7.54%. The company's revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.