Panagora Asset Management Inc. Buys 2,090 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Panagora Asset Management Inc. increased its stake in Advanced Micro Devices (AMD) by 4.4%, owning 49,089 shares worth approximately $5.04 million as of its latest SEC filing.
• Executive Vice Presidents Mark D. Papermaster and Paul Darren Grasby sold a combined total of 27,998 shares in recent transactions, representing a decrease in their ownership of the stock.
• Advanced Micro Devices reported earnings of $0.48 per share, missing estimates, but its revenue increased by 31.7% compared to the same quarter last year, reaching $7.69 billion.

Panagora Asset Management Inc. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,089 shares of the semiconductor manufacturer's stock after acquiring an additional 2,090 shares during the quarter. Panagora Asset Management Inc.'s holdings in Advanced Micro Devices were worth $5,043,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seaview Investment Managers LLC raised its position in shares of Advanced Micro Devices by 4.3% during the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after acquiring an additional 93 shares in the last quarter. Activest Wealth Management grew its position in shares of Advanced Micro Devices by 9.4% during the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock worth $117,000 after acquiring an additional 98 shares during the last quarter. Peterson Wealth Services grew its position in shares of Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after acquiring an additional 103 shares during the last quarter. Lifeworks Advisors LLC grew its position in shares of Advanced Micro Devices by 5.6% during the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock worth $203,000 after acquiring an additional 104 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of Advanced Micro Devices by 29.0% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 467 shares of the semiconductor manufacturer's stock valued at $48,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 0.6%

Shares of NASDAQ:AMD traded down $1.03 during midday trading on Thursday, reaching $161.11. The company had a trading volume of 24,264,359 shares, compared to its average volume of 46,468,328. 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, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The firm has a market cap of $261.45 billion, a price-to-earnings ratio of 92.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.92. The company has a fifty day simple moving average of $160.85 and a two-hundred day simple moving average of $124.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed 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 dated 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 sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 252,998 shares of company stock valued at $41,415,580. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a report on Thursday, July 10th. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. TD Cowen raised their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Loop Capital lowered their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Benchmark raised their target price on Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $181.33.

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.