State of Wisconsin Investment Board Lowers Holdings in Advanced Micro Devices, Inc. $AMD

State of Wisconsin Investment Board cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 840,983 shares of the semiconductor manufacturer’s stock after selling 17,740 shares during the quarter. State of Wisconsin Investment Board’s holdings in Advanced Micro Devices were worth $180,105,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. James J. Burns & Company LLC raised its position in shares of Advanced Micro Devices by 2.3% during the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after buying an additional 40 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Advanced Micro Devices by 0.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock worth $1,052,000 after buying an additional 43 shares during the period. Willis Johnson & Associates Inc. boosted its position in Advanced Micro Devices by 1.9% during the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock valued at $493,000 after acquiring an additional 44 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Advanced Micro Devices by 12.7% during the 3rd quarter. Addison Advisors LLC now owns 400 shares of the semiconductor manufacturer’s stock worth $65,000 after acquiring an additional 45 shares during the period. Finally, Smith Moore & CO. lifted its stake in shares of Advanced Micro Devices by 1.1% in the 3rd quarter. Smith Moore & CO. now owns 3,962 shares of the semiconductor manufacturer’s stock valued at $641,000 after purchasing an additional 45 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD announced a definitive agreement with Rackspace Technology to deploy an initial 30 MW of AMD-based AI compute across Rackspace’s global data centers, reinforcing AMD’s growing role in enterprise AI infrastructure and giving investors another proof point for demand outside hyperscalers. AMD and Rackspace Technology Sign Definitive Agreement for Phased Deployment of 30 MW of AMD AI Compute
• Positive Sentiment: AMD also got a boost from its acquisition of MEXT, a memory-optimization startup aimed at easing AI memory bottlenecks, which investors view as a strategic move to improve performance in memory-heavy AI workloads. AMD buys data center memory optimization startup Mext
• Positive Sentiment: Wall Street remains constructive on AMD, with coverage highlighting upside to earnings estimates, strong AI chip roadmap execution, and AMD’s appearance on lists of favored growth stocks, supporting the stock’s broader rally. Wolfe Research sees substantial upside to AMD estimates
• Neutral Sentiment: Some investors are rotating into AMD as a high-growth AI name, with articles noting it as a top pick among growth investors and one of the standout performers in the AI boom. 5 Best Growth Stocks to Buy According to Billionaire Ray Dalio’s Bridgewater Associates
• Negative Sentiment: Recent trading also reflects pressure from large holders, including Ark Invest trimming AMD shares and reports of heavy insider selling, which can raise concerns about near-term valuation after the stock’s strong run. Cathie Wood Keeps Selling AMD: This Time Ark Dumps Another $12 Millions In Shares
• Negative Sentiment: Some coverage says AMD has been slipping alongside the broader market and that profit-taking may be weighing on shares after a sharp year-to-date advance. Advanced Micro Devices (AMD) Dips More Than Broader Market: What You Should Know

Insiders Place Their Bets

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, April 24th. The stock was 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 of the company’s stock, valued at $432,612,950. This represents a 2.47% decrease in their ownership of the stock. 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 three months, insiders sold 372,032 shares of company stock valued at $158,658,616. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Susquehanna lifted their price target on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. Melius Research set a $540.00 price target on Advanced Micro Devices in a research report on Monday, May 18th. Truist Financial set a $478.00 price target on Advanced Micro Devices in a research report on Wednesday, May 6th. Finally, Bank of America lifted their price target on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $428.65.

Advanced Micro Devices Trading Down 7.3%

Shares of NASDAQ AMD opened at $507.29 on Wednesday. Advanced Micro Devices, Inc. has a 1 year low of $125.77 and a 1 year high of $558.37. The stock has a market cap of $827.19 billion, a P/E ratio of 166.33, a price-to-earnings-growth ratio of 1.60 and a beta of 2.50. The firm has a 50-day moving average of $398.80 and a 200 day moving average of $279.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Advanced Micro Devices Company 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.