Advanced Micro Devices, Inc. $AMD Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,600 shares of the semiconductor manufacturer’s stock after acquiring an additional 54,560 shares during the period. Advanced Micro Devices comprises approximately 0.6% of State of Michigan Retirement System’s holdings, making the stock its 22nd biggest position. State of Michigan Retirement System owned 0.05% of Advanced Micro Devices worth $121,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock worth $15,654,222,000 after acquiring an additional 2,157,199 shares in the last quarter. Amundi grew its holdings in Advanced Micro Devices by 8.0% during the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after acquiring an additional 1,319,064 shares in the last quarter. Invesco Ltd. grew its holdings in 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 acquiring an additional 450,695 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Advanced Micro Devices by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock worth $1,083,815,000 after acquiring an additional 466,048 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after acquiring an additional 5,915,185 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the sale, the executive vice president directly owned 1,714,505 shares in the company, valued at $384,529,181.40. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 274,118 shares of company stock worth $46,180,719 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent analyst reports. HSBC raised their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Roth Capital set a $250.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Monday, October 6th. Wedbush lifted their price target on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Bank of America lifted their price target on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $237.32.

Advanced Micro Devices Trading Up 0.5%

Shares of NASDAQ:AMD opened at $256.12 on Friday. The company has a market cap of $415.64 billion, a PE ratio of 147.20, a P/E/G ratio of 2.42 and a beta of 1.90. The company’s 50-day moving average price is $191.16 and its 200 day moving average price is $153.25. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. 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, 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 firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share 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.