Vident Advisory LLC Raises Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Vident Advisory LLC increased its stake in Advanced Micro Devices, Inc. by 33.5% during the 1st quarter, now holding 435,906 shares worth approximately $44.8 million.
• Several institutional investors have recently shifted their positions in AMD, with significant increases from Farmers & Merchants Trust and American Capital Advisory, raising their stakes by over 90%.
• Advanced Micro Devices set a stock buyback program allowing for up to $6 billion in stock repurchases, viewed as a sign of confidence in the company's valuation.

Vident Advisory LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 435,906 shares of the semiconductor manufacturer's stock after acquiring an additional 109,422 shares during the period. Vident Advisory LLC's holdings in Advanced Micro Devices were worth $44,785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Seaview Investment Managers LLC grew its stake in Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares during the last quarter. Peterson Wealth Services grew its stake in Advanced Micro Devices by 2.9% in the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after purchasing an additional 103 shares during the last quarter. Lifeworks Advisors LLC grew its stake in Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock valued at $203,000 after purchasing an additional 104 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in Advanced Micro Devices by 29.0% in 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 last quarter. Finally, Alaethes Wealth LLC grew its stake in Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Stifel Nicolaus raised their price target on Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Truist Financial raised Advanced Micro Devices from a "hold" rating to a "buy" rating and raised their price target for the stock from $173.00 to $213.00 in a report on Tuesday, August 26th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Piper Sandler raised their price target on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Four investment 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $181.33.

Insider Activity at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 252,998 shares of company stock worth $41,415,580. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD stock traded down $2.73 during trading on Tuesday, hitting $159.90. 25,786,003 shares of the company traded hands, compared to its average volume of 46,616,699. The stock's 50-day simple moving average is $160.00 and its 200 day simple moving average is $124.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market cap of $259.50 billion, a PE ratio of 92.00, a P/E/G ratio of 1.93 and a beta of 1.92. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. 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 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has approved a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.