Woodline Partners LP Sells 320,149 Shares of Advanced Micro Devices, Inc. $AMD

Woodline Partners LP lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,680 shares of the semiconductor manufacturer’s stock after selling 320,149 shares during the quarter. Woodline Partners LP’s holdings in Advanced Micro Devices were worth $14,762,000 at the end of the most recent reporting period.

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

Advanced Micro Devices Stock Up 2.4%

NASDAQ AMD opened at $159.54 on Thursday. The stock has a fifty day moving average of $162.37 and a 200-day moving average of $126.42. The stock has a market capitalization of $258.91 billion, a P/E ratio of 91.69, a price-to-earnings-growth ratio of 1.84 and a beta of 1.92. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week 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.

Advanced Micro Devices (NASDAQ:AMD) last released 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). The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has approved a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 252,998 shares of company stock valued at $41,415,580. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Morgan Stanley cut their price objective 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. Mizuho lifted their price objective on Advanced Micro Devices from $183.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. HSBC cut their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein lifted their price objective on Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Three 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.88.

Advanced Micro Devices Company 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.