Point72 Italy S.r.l. Acquires Shares of 61,100 Advanced Micro Devices, Inc. $AMD

Key Points

• Point72 Italy S.r.l. has acquired 61,100 shares of Advanced Micro Devices, Inc. (AMD), valued at approximately $6.28 million, making it the firm's fifth largest holding.
• Several institutional investors, including Calton & Associates Inc. and Saudi Central Bank, have significantly increased their stakes in AMD during the first quarter.
• AMD recently initiated a $6 billion share repurchase program, indicating the board's belief that the company's stock is undervalued.

Point72 Italy S.r.l. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 61,100 shares of the semiconductor manufacturer's stock, valued at approximately $6,277,000. Advanced Micro Devices comprises 6.2% of Point72 Italy S.r.l.'s holdings, making the stock its 5th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Calton & Associates Inc. increased its stake in Advanced Micro Devices by 49.7% in the 1st quarter. Calton & Associates Inc. now owns 4,867 shares of the semiconductor manufacturer's stock valued at $500,000 after buying an additional 1,615 shares during the last quarter. Saudi Central Bank bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at approximately $66,000. Value Aligned Research Advisors LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at approximately $318,000. Second Line Capital LLC grew its position in shares of Advanced Micro Devices by 1.8% during the 1st quarter. Second Line Capital LLC now owns 21,740 shares of the semiconductor manufacturer's stock valued at $2,234,000 after acquiring an additional 383 shares during the period. Finally, Centric Wealth Management grew its position in shares of Advanced Micro Devices by 53.5% during the 1st quarter. Centric Wealth Management now owns 22,360 shares of the semiconductor manufacturer's stock valued at $2,297,000 after acquiring an additional 7,793 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,998 shares of company stock valued at $41,415,580 in the last three months. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 3.5%

Shares of NASDAQ:AMD opened at $162.63 on Friday. The firm has a fifty day moving average price of $159.34 and a two-hundred day moving average price of $124.00. 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, Inc. has a one year low of $76.48 and a one year high of $186.65. The company has a market cap of $263.92 billion, a price-to-earnings ratio of 93.47, a PEG ratio of 1.93 and a beta of 1.94.

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 net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The firm'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. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has initiated a share repurchase 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 often a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. Piper Sandler increased their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Sanford C. Bernstein increased their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Stifel Nicolaus increased their target price on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $181.33.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.