Eminence Capital LP Boosts Stake in Advanced Micro Devices, Inc. $AMD

Eminence Capital LP lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 52.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,566,817 shares of the semiconductor manufacturer’s stock after purchasing an additional 539,075 shares during the period. Advanced Micro Devices makes up approximately 2.7% of Eminence Capital LP’s holdings, making the stock its 17th largest holding. Eminence Capital LP’s holdings in Advanced Micro Devices were worth $160,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Seaview Investment Managers LLC lifted its stake in shares of 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 worth $232,000 after buying an additional 93 shares in the last quarter. Activest Wealth Management lifted its stake in shares of Advanced Micro Devices by 9.4% in the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer’s stock worth $117,000 after buying an additional 98 shares in the last quarter. Peterson Wealth Services lifted its stake in shares of Advanced Micro Devices by 2.9% in the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer’s stock worth $375,000 after buying an additional 103 shares in the last quarter. Lifeworks Advisors LLC lifted its stake in shares of Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock worth $203,000 after buying an additional 104 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its position in 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 worth $48,000 after purchasing an additional 105 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Citigroup boosted their price target on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Truist Financial upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the stock from $173.00 to $213.00 in a report on Tuesday, August 26th. Finally, Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and boosted their price target for the stock from $110.00 to $175.00 in a report on Monday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $181.33.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 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. Insiders sold a total of 252,998 shares of company stock valued at $41,415,580 over the last quarter. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Down 0.1%

AMD stock opened at $162.13 on Thursday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. 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 company has a fifty day moving average of $160.85 and a 200-day moving average of $124.95. The stock has a market capitalization of $263.11 billion, a PE ratio of 93.18, a price-to-earnings-growth ratio of 1.93 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results 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). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The company’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. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has initiated a stock 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 buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is 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.