Norinchukin Bank The Raises Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Norinchukin Bank The increased its position in Advanced Micro Devices, Inc. (AMD) by 44.1% in Q1, acquiring an additional 38,032 shares, bringing its total holdings to 124,203 shares valued at $12.76 million.
• Analyst ratings for AMD have varied, with HSBC upgrading the stock from "hold" to "strong-buy" and other firms adjusting price targets, reflecting a consensus average target price of $180.12.
• Advanced Micro Devices reported a revenue increase of 31.7% year-over-year, totaling $7.69 billion, but missed earnings-per-share estimates by $0.06 in its latest quarterly results.

Norinchukin Bank The boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,203 shares of the semiconductor manufacturer's stock after acquiring an additional 38,032 shares during the period. Norinchukin Bank The's holdings in Advanced Micro Devices were worth $12,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.4% during the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer's stock worth $15,654,222,000 after acquiring an additional 2,157,199 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Advanced Micro Devices by 9.9% during 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. Northern Trust Corp increased its position in shares of Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares during the period. Invesco Ltd. increased its holdings in Advanced Micro Devices by 4.0% during the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock worth $1,214,285,000 after purchasing an additional 450,695 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 worth $1,083,815,000 after acquiring an additional 466,048 shares during the period. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of several analyst reports. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Truist Financial raised their price objective on Advanced Micro Devices from $111.00 to $173.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 target price for the company in a research note on Thursday, July 10th. Finally, HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $180.12.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $165.20 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The stock's 50-day moving average is $153.54 and its two-hundred day moving average is $121.33. The company has a market cap of $268.09 billion, a price-to-earnings ratio of 94.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results 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 return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction dated 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 directly owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly 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. 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.

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