Infinitum Asset Management LLC Takes $7.19 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Infinitum Asset Management LLC has acquired a new position in Advanced Micro Devices, Inc. (AMD), purchasing 70,000 shares valued at approximately $7.2 million, making it the firm's 15th biggest holding.
• Advanced Micro Devices recently reported earnings of $0.48 per share, which was below analyst expectations of $0.54, despite revenue exceeding estimates at $7.69 billion.
• Analysts have generally positive outlooks for AMD, with several upgrading their ratings to "buy" and adjusting price targets significantly higher, with an average price target now at $181.33.

Infinitum Asset Management LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 70,000 shares of the semiconductor manufacturer's stock, valued at approximately $7,192,000. Advanced Micro Devices comprises 2.3% of Infinitum Asset Management LLC's investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.4% in the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock valued at $15,654,222,000 after buying an additional 2,157,199 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Advanced Micro Devices by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock valued at $2,585,079,000 after purchasing an additional 1,929,225 shares during the period. Amundi grew its holdings in Advanced Micro Devices by 8.0% in the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock valued at $1,677,014,000 after purchasing an additional 1,319,064 shares during the period. Invesco Ltd. grew its holdings in Advanced Micro Devices by 4.0% in the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock valued at $1,214,285,000 after purchasing an additional 450,695 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer's stock valued at $1,083,815,000 after acquiring an additional 466,048 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the company'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 directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 252,998 shares of company stock worth $41,415,580. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AMD. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price objective on the stock in a research report on Thursday, July 10th. Raymond James Financial lifted their price objective on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein lifted their price objective on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft set a $200.00 target price on Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, Seaport Res Ptn downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Three research 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 issued a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $180.88.

Advanced Micro Devices Trading Up 2.4%

Shares of AMD stock traded up $3.72 during mid-day trading on Wednesday, hitting $159.54. 52,088,376 shares of the company's stock were exchanged, compared to its average volume of 46,688,445. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The stock has a market cap of $258.91 billion, a price-to-earnings ratio of 91.69, a PEG ratio of 1.80 and a beta of 1.92. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $161.95 and a two-hundred day simple moving average of $126.19.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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 net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same period last year, the business earned $0.69 earnings per share. The company'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. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Advanced Micro Devices Company 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.