Advanced Micro Devices, Inc. $AMD Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its holdings in Advanced Micro Devices (AMD) by 3.6%, owning 3,231,267 shares valued at approximately $331.9 million as of the latest SEC filing.
• The board of Advanced Micro Devices has authorized a $6 billion share buyback plan, indicating confidence in the company's valuation.
• Analysts have mixed forecasts for AMD, with a consensus rating of "Moderate Buy" and a price target averaging $180.12, reflecting a range of opinions from a sell to multiple strong buy ratings.

Raymond James Financial Inc. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,231,267 shares of the semiconductor manufacturer's stock after buying an additional 112,886 shares during the period. Raymond James Financial Inc. owned approximately 0.20% of Advanced Micro Devices worth $331,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of 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 acquiring an additional 6,200,850 shares during the period. Toronto Dominion Bank raised its stake in Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the period. Nuveen LLC acquired a new position in Advanced Micro Devices in the 1st quarter valued at about $436,746,000. Kovitz Investment Group Partners LLC grew its stake in shares of Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after buying an additional 2,889,739 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after buying an additional 2,874,012 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMD shares. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Citigroup upped their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $180.12.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $9.59 during midday trading on Tuesday, reaching $166.55. The stock had a trading volume of 63,967,999 shares, compared to its average volume of 46,953,742. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $151.80 and a two-hundred day simple moving average of $120.71. The stock has a market cap of $270.28 billion, a P/E ratio of 95.72, a P/E/G ratio of 2.10 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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 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 analyst estimates of $7.41 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Advanced Micro Devices'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. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has approved a share buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are 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.