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

Titleist Asset Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,806 shares of the semiconductor manufacturer’s stock after purchasing an additional 605 shares during the quarter. Titleist Asset Management LLC’s holdings in Advanced Micro Devices were worth $3,946,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock valued at $21,944,673,000 after purchasing an additional 2,281,508 shares in the last quarter. Geode Capital Management LLC grew its holdings in Advanced Micro Devices by 1.4% in the second quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock valued at $5,181,556,000 after purchasing an additional 514,445 shares during the period. Amundi increased its position in shares of Advanced Micro Devices by 8.0% in the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock valued at $1,677,014,000 after buying an additional 1,319,064 shares in the last quarter. Invesco Ltd. raised its stake in shares of Advanced Micro Devices by 4.0% during the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after buying an additional 450,695 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,857,840 shares of the semiconductor manufacturer’s stock worth $1,540,727,000 after buying an additional 308,740 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMD shares. Morgan Stanley reissued an “equal weight” rating and issued a $260.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Evercore ISI boosted their target price on shares of Advanced Micro Devices from $270.00 to $283.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Jefferies Financial Group set a $300.00 price target on shares of Advanced Micro Devices and gave the stock a “positive” rating in a research report on Monday, October 6th. Mizuho raised their price target on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Insiders Place Their Bets

In related news, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,108 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. This represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,676 shares of company stock worth $16,124,589 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $203.78 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The stock’s fifty day moving average is $214.51 and its two-hundred day moving average is $168.46. The company has a market capitalization of $331.76 billion, a P/E ratio of 117.11, a P/E/G ratio of 2.42 and a beta of 1.93. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period in the prior year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.