ProShare Advisors LLC Acquires 844,344 Shares of Advanced Micro Devices, Inc. $AMD

ProShare Advisors LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,115,905 shares of the semiconductor manufacturer’s stock after acquiring an additional 844,344 shares during the period. Advanced Micro Devices accounts for approximately 1.2% of ProShare Advisors LLC’s holdings, making the stock its 12th largest position. ProShare Advisors LLC’s holdings in Advanced Micro Devices were worth $667,302,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Impax Asset Management Group plc boosted its holdings in Advanced Micro Devices by 326.5% in the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock valued at $8,424,000 after purchasing an additional 39,861 shares during the period. Zweig DiMenna Associates LLC boosted its holdings in Advanced Micro Devices by 127.6% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock valued at $11,746,000 after purchasing an additional 40,708 shares during the period. Wedbush Securities Inc. boosted its holdings in Advanced Micro Devices by 7.8% in the 3rd quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock valued at $13,632,000 after purchasing an additional 6,095 shares during the period. WealthPlan Investment Management LLC boosted its holdings in Advanced Micro Devices by 338.5% in the 4th quarter. WealthPlan Investment Management LLC now owns 6,157 shares of the semiconductor manufacturer’s stock valued at $1,319,000 after purchasing an additional 4,753 shares during the period. Finally, Highline Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 4,891.6% in the 4th quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock valued at $1,775,000 after purchasing an additional 8,120 shares during the period. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their price target for the company from $240.00 to $450.00 in a report on Wednesday, May 6th. KeyCorp increased their price target on shares of Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Northland Securities reissued a “market perform” rating and issued a $260.00 price target on shares of Advanced Micro Devices in a report on Monday, April 27th. Bank of America increased their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, DA Davidson increased their price target on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $404.03.

Advanced Micro Devices Trading Down 0.7%

Shares of AMD stock opened at $420.99 on Tuesday. Advanced Micro Devices, Inc. has a 52-week low of $107.67 and a 52-week high of $469.21. The stock has a market cap of $686.47 billion, a price-to-earnings ratio of 138.03, a P/E/G ratio of 1.26 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The firm has a fifty day moving average of $277.92 and a 200-day moving average of $241.53.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The business’s revenue was up 37.8% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Citi raised its price target on AMD to $460 from $358, citing a much larger server CPU market outlook tied to agentic AI demand. Citi lifts price targets on Intel and AMD, sees CPU TAM of $132B by 2030
• Positive Sentiment: Evercore ISI reiterated an Outperform rating on AMD, pointing to improving server CPU market share trends and stronger demand from AI infrastructure. Evercore ISI Maintains Outperform Rating on Advanced Micro Devices (AMD)
• Positive Sentiment: Mizuho lifted its price target on AMD to $515 from $415, saying agentic AI is fueling server demand and improving the long-term growth outlook. Mizuho lifts PT on Advanced Micro Devices (AMD) Stock
• Positive Sentiment: AMD’s recent 13F disclosure showed a new investment in Marvell Technology, which may be read as a constructive sign on AI and networking-related chip demand. AMD Reveals A $6.5 Million Marvell Bet That’s Already Soaring
• Neutral Sentiment: Several commentary pieces argue AMD still has substantial long-term upside from its AI/data center roadmap, but these are mostly opinion-driven and don’t add immediate new fundamentals. Prediction: AMD Stock Is Going to Triple in 5 Years, Thanks to This $120 Billion Opportunity
• Neutral Sentiment: AMD also benefited from broader coverage highlighting the company as a leading growth stock and from discussion of its expanding AI data center momentum. Advanced Micro Devices Stock (AMD) Surges 95% YTD — Let’s Look at Who Owns It
• Negative Sentiment: AMD traded lower alongside a broader chip selloff as investors took some profits after the sector’s strong rally. Nasdaq Finishes Lower. The Chip Stock Selloff Gathers Steam.
• Negative Sentiment: Monday’s weakness was also tied to headlines about CEO Lisa Su meeting with a Chinese official, which did not provide an immediate catalyst to offset the sector pullback. AMD Stock Slips Despite CEO Lisa Su’s Meeting with a Chinese Official

Insider Activity

In related news, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the sale, the chief executive officer owned 3,021,899 shares of the company’s stock, valued at $1,346,286,223.49. This trade represents a 3.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 309,598 shares of company stock worth $105,644,316. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.