MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 790,205 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Advanced Micro Devices (AMD) by 57.9%, acquiring an additional 790,205 shares, bringing its total to 2,155,796 shares valued at approximately $221.56 million.
• Major investors, including Vanguard Group and UBS Asset Management, also boosted their stakes in AMD, reflecting confidence in the company's growth potential.
• Analysts have raised their target prices for AMD, with estimates ranging from $195 to $210, while the consensus rating is a "Moderate Buy" with a target price of $181.33.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 57.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,155,796 shares of the semiconductor manufacturer's stock after purchasing an additional 790,205 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.13% of Advanced Micro Devices worth $221,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Goldman Sachs Group Inc. lifted its position in 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 worth $1,012,538,000 after buying an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in 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 worth $1,069,846,000 after buying an additional 5,915,185 shares in the last quarter. Toronto Dominion Bank lifted its position in 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 worth $660,475,000 after buying an additional 4,461,609 shares in the last quarter. Nuveen LLC bought a new stake in Advanced Micro Devices during the 1st quarter worth about $436,746,000. Finally, Parnassus Investments LLC lifted its position in 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 worth $425,592,000 after buying an additional 4,133,785 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Bank of America boosted their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. TD Cowen upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Mizuho upped their target price on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $181.33.

Advanced Micro Devices Stock Performance

AMD traded down $10.65 on Friday, reaching $151.14. The company had a trading volume of 77,891,119 shares, compared to its average volume of 48,056,704. 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 $245.28 billion, a P/E ratio of 86.86, a P/E/G ratio of 1.78 and a beta of 1.92. The company's fifty day moving average is $161.36 and its 200 day moving average is $125.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,998 shares of company stock worth $41,415,580 in the last quarter. Corporate insiders own 0.06% of the company's stock.

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.