Arizona State Retirement System lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 460,531 shares of the semiconductor manufacturer’s stock after selling 12,975 shares during the period. Advanced Micro Devices accounts for approximately 0.5% of Arizona State Retirement System’s holdings, making the stock its 23rd biggest position. Arizona State Retirement System’s holdings in Advanced Micro Devices were worth $98,627,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Impax Asset Management Group plc lifted its holdings in shares of 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 last quarter. Zweig DiMenna Associates LLC grew its stake in Advanced Micro Devices by 127.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock worth $11,746,000 after buying an additional 40,708 shares during the last quarter. Wedbush Securities Inc. increased its position in Advanced Micro Devices by 7.8% during the third quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock worth $13,632,000 after buying an additional 6,095 shares during the period. Highline Wealth Partners LLC lifted its stake in Advanced Micro Devices by 4,891.6% in the fourth quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock valued at $1,775,000 after buying an additional 8,120 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Advanced Micro Devices by 72.5% in the third quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer’s stock valued at $169,426,000 after acquiring an additional 440,296 shares during the period. Institutional investors own 71.34% of the company’s stock.
Key Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Stifel raised its price target to $320, driving renewed buy-side conviction that AMD can capture accelerating AI-driven compute demand; the move helped lift sentiment and institutional flows. Why Stifel Just Raised Its AMD Stock Price Target by 14%
- Positive Sentiment: Launch of the Ryzen 9 9950X3D2 (Dual 3D V-Cache) is being received as a high-end gaming and margin-accretive product, giving near-term revenue/margin tailwinds in the client segment. AMD Stock Jumps on the Launch of the Ryzen 9 9950X3D2 Dual Edition
- Positive Sentiment: Shares hit all-time highs as investors re-rate AMD on AI/server secular demand and stronger-than-expected top-line momentum. Momentum is being reinforced by several bullish Wall Street notes. AMD stock hits all-time high at 304.38 USD
- Positive Sentiment: Multiple analyst/coverage roundups and bullish commentaries are amplifying optimism that AMD’s EPYC/Instinct roadmap can sustain AI/server share gains. Wall Street Bullish on Advanced Micro Devices (AMD), Here’s What Analysts Have to Say
- Positive Sentiment: Institutional inflows and several price-target lifts (and coverage upgrades) have amplified the rally, signaling broad investor appetite for AMD exposure in the AI trade. Advanced Micro Devices (AMD) Stock Climbs 6.67% Following New Ryzen Launch and Price Target Boost
- Neutral Sentiment: OEM/product wins (Getac’s new G140 Copilot+ rugged PC) show AMD chips continuing to broaden adoption in industrial and edge devices — supportive, but not a near-term revenue inflection. Getac Redefines Rugged Mobility with Launch of G140 Copilot+ PC, Powered by AMD Technology
- Neutral Sentiment: Some broker notes (e.g., GF Securities) are bullish ahead of AMD’s May earnings and recommend accumulation, but these calls are contingent on continued AI/server strength. Should You Buy AMD Stock Before Earnings on May 5? GF Securities Says Yes.
- Negative Sentiment: Zacks warns of a potential sequential gross-margin contraction (~200 bps) due to fading one-time gains, China weakness and seasonality — a reminder margins may be pressured even as revenue grows. AMD’s Gross Margin to Contract Sequentially: Is Growth Getting Harder?
- Negative Sentiment: Valuation concerns are rising: several commentaries argue AMD’s run has priced in significant growth, warning about downside risk if AI/server share or margins disappoint. At Over $280, Is It Too Late To Buy AMD Stock?
Advanced Micro Devices Stock Up 0.6%
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. During the same period in the prior year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was up 34.1% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 5.78 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on AMD shares. DA Davidson raised shares of Advanced Micro Devices to a “hold” rating in a report on Friday, February 13th. Wedbush reissued an “outperform” rating and set a $290.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, February 2nd. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $260.00 to $255.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Finally, Evercore reiterated an “outperform” rating and set a $358.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $292.14.
Read Our Latest Research Report on AMD
Insiders Place Their Bets
In other news, EVP Paul Darren Grasby sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the sale, the executive vice president directly owned 129,598 shares of the company’s stock, valued at $26,550,742.26. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares in the company, valued at $62,679,337.38. This represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 273,352 shares of company stock valued at $59,173,070. Corporate insiders own 0.50% of the company’s stock.
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.
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