California State Teachers Retirement System Has $1.44 Billion Stake in Advanced Micro Devices, Inc. $AMD

California State Teachers Retirement System boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,473,319 shares of the semiconductor manufacturer's stock after acquiring an additional 11,907 shares during the quarter. Advanced Micro Devices makes up approximately 1.3% of California State Teachers Retirement System's holdings, making the stock its 13th biggest holding. California State Teachers Retirement System owned about 0.15% of Advanced Micro Devices worth $1,436,775,740 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. BlackRock Inc. boosted its stake in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock worth $8,015,897,000 after acquiring an additional 287,525 shares in the last quarter. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $4,929,312,000. Invesco Ltd. boosted its stake in Advanced Micro Devices by 15.9% in the 4th quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer's stock worth $3,313,758,000 after purchasing an additional 2,124,867 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth about $7,022,226,000. 71.34% of the stock is owned by institutional investors.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Analyst support remains strong. Piper Sandler reaffirmed its “Overweight” rating after discussions with investors ahead of AMD’s third-quarter quiet period. The firm’s longer-term outlook reportedly implies substantial earnings growth, while its previously announced price target is $600. Wall Street analyst updates AMD stock price target
• Positive Sentiment: AMD is expanding its AI software ecosystem. The company and SiFive demonstrated AMD’s ROCm AI software running on SiFive’s RISC-V-based BigSky data-center platform. Broader hardware and software compatibility could help AMD compete for AI server deployments and reduce dependence on a single processor architecture. SiFive and AMD Collaborate to Optimize AMD ROCm on RISC-V Datacenter Servers
• Positive Sentiment: AI spending fears have eased somewhat. President Donald Trump rejected calls for a slowdown in frontier AI development, arguing that the U.S. should preserve its lead over China. That stance supports continued demand for data-center processors and accelerators supplied by AMD and its larger rival Nvidia. Donald Trump Rejects Calls For AI Slowdown
• Neutral Sentiment: AMD’s competitive position is improving, but expectations are elevated. Commentary points to growing hyperscaler interest and potential market-share gains versus Intel. However, AMD trades at a very high earnings multiple, making the stock particularly sensitive to execution, customer adoption and AI capital-spending trends. Prediction: AMD Could Be Closing the Gap in the AI Chip Race
• Negative Sentiment: Insider selling remains a cautionary signal. CEO Lisa Su sold shares under a pre-arranged Rule 10b5-1 plan. While the transactions do not necessarily indicate a change in business outlook, investors may view sizable sales as a concern following AMD’s sharp rally. AMD SEC insider trading filing

Insider Buying and Selling

In related news, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the sale, the executive vice president owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the transaction, the senior vice president owned 26,623 shares in the company, valued at approximately $13,010,393.87. This trade represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 196,577 shares of company stock valued at $96,850,690 over the last quarter. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Piper Sandler initiated coverage on shares of Advanced Micro Devices in a report on Tuesday. They issued an "overweight" rating and a $600.00 price objective on the stock. Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Robert W. Baird set a $1,250.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 24th. Finally, Mizuho lifted their price target on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $565.12.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $11.18 during trading hours on Tuesday, reaching $504.59. 11,257,731 shares of the company's stock were exchanged, compared to its average volume of 33,517,035. The company's 50 day moving average is $494.57 and its two-hundred day moving average is $407.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The company has a market cap of $823.73 billion, a P/E ratio of 129.44, a price-to-earnings-growth ratio of 5.35 and a beta of 2.48. Advanced Micro Devices, Inc. has a 1 year low of $149.85 and a 1 year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices's quarterly revenue was up 50.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.

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