Itau Unibanco Holding S.A. Invests $536,000 in Advanced Micro Devices, Inc. $AMD

Key Points

• Itau Unibanco Holding S.A. has invested approximately $536,000 in shares of Advanced Micro Devices, Inc. (AMD), acquiring 5,221 shares in the first quarter of the year.
• Many institutional investors have increased their stakes in AMD, with Brighton Jones LLC raising its position by 178.2% in the fourth quarter alone.
• Recent analyst reports show a range of target prices for AMD, with a consensus price target of $181.33 and notable ratings shifts toward more bullish outlooks.

Itau Unibanco Holding S.A. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,221 shares of the semiconductor manufacturer's stock, valued at approximately $536,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after buying an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after acquiring an additional 29,825 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $601,000. Finally, AQR Capital Management LLC lifted its position in Advanced Micro Devices by 55.9% in the 4th quarter. AQR Capital Management LLC now owns 276,832 shares of the semiconductor manufacturer's stock valued at $33,439,000 after acquiring an additional 99,317 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Robert W. Baird reduced their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Loop Capital cut their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $181.33.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 252,998 shares of company stock worth $41,415,580. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $168.58 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a market capitalization of $273.58 billion, a PE ratio of 96.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.94. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The company has a 50-day simple moving average of $158.65 and a 200 day simple moving average of $123.56.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the firm posted $0.69 EPS. 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. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has approved a share buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase 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 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.

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