Thematics Asset Management Increases Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Thematics Asset Management increased its stake in Advanced Micro Devices, Inc. (AMD) by 3.7% during the 1st quarter, now owning 278,938 shares worth approximately $28.66 million.
• Several institutional investors significantly increased their positions in AMD, with Toronto Dominion Bank growing its stake by 443.3% during the 4th quarter.
• Analysts have raised their price targets for AMD, with Barclays targeting $200 and Susquehanna setting a target of $210, reflecting a generally optimistic outlook on the stock.

Thematics Asset Management lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,938 shares of the semiconductor manufacturer's stock after purchasing an additional 9,829 shares during the quarter. Advanced Micro Devices accounts for 1.4% of Thematics Asset Management's investment portfolio, making the stock its 16th largest holding. Thematics Asset Management's holdings in Advanced Micro Devices were worth $28,658,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMD. Toronto Dominion Bank raised its position in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after buying an additional 4,461,609 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after buying an additional 29,825 shares during the last quarter. Valicenti Advisory Services Inc. raised its position in Advanced Micro Devices by 4.0% in the 1st quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock valued at $7,893,000 after buying an additional 2,944 shares during the last quarter. Sound Income Strategies LLC raised its position in Advanced Micro Devices by 17.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,728 shares of the semiconductor manufacturer's stock valued at $178,000 after buying an additional 253 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $4.40 during trading hours on Monday, hitting $163.36. The company had a trading volume of 36,030,531 shares, compared to its average volume of 70,988,472. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The firm has a 50 day simple moving average of $156.22 and a 200 day simple moving average of $122.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a market capitalization of $265.11 billion, a price-to-earnings ratio of 93.89, a PEG ratio of 1.98 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts expect 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 approved a share buyback program 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 programs are often a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on AMD. Susquehanna increased their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. Barclays raised their target price on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a research report on Thursday, July 10th. 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 report on Wednesday, August 6th. Finally, Morgan Stanley decreased their target price on 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. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $180.12.

Insider Activity

In related news, 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 transaction 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 approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm'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 transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 252,998 shares of company stock worth $41,415,580. 0.06% of the stock is currently owned by insiders.

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.