Advanced Micro Devices, Inc. $AMD Stock: North Dakota State Investment Board Raises Stake

Key Points

• North Dakota State Investment Board increased its AMD stake by 4% in the third quarter to 49,820 shares valued at approximately $30.5 million. Institutional investors own 71.34% of AMD, with several other firms also adding or initiating positions.
• AMD is benefiting from strong AI and data-center momentum, including a planned $1 billion investment in Meta and expanded infrastructure cooperation. Analysts maintain a bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $607.57.
• Despite strong growth and a 50.1% year-over-year revenue increase in the latest quarter, valuation remains a major risk: AMD trades at a reported P/E ratio of 148.70 amid competition from Nvidia and potential margin pressure from higher chip-production costs. Insiders have also sold shares recently, including CEO Lisa Su’s 70,000-share sale under a Rule 10b5-1 plan.

North Dakota State Investment Board raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 49,820 shares of the semiconductor manufacturer's stock after purchasing an additional 1,932 shares during the period. Advanced Micro Devices accounts for approximately 1.2% of North Dakota State Investment Board's portfolio, making the stock its 13th largest position. North Dakota State Investment Board's holdings in Advanced Micro Devices were worth $30,478,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. VestGen Advisors LLC lifted its position in shares of Advanced Micro Devices by 23.5% during the 3rd quarter. VestGen Advisors LLC now owns 25,189 shares of the semiconductor manufacturer's stock valued at $15,410,000 after acquiring an additional 4,787 shares during the period. Heritage Wealth Management Inc. CA boosted its stake in Advanced Micro Devices by 5.8% during the third quarter. Heritage Wealth Management Inc. CA now owns 1,313 shares of the semiconductor manufacturer's stock worth $803,000 after acquiring an additional 72 shares in the last quarter. Beacon Bank & Trust bought a new position in Advanced Micro Devices during the third quarter worth $217,000. BLB&B Advisors LLC grew its holdings in Advanced Micro Devices by 40.0% in the third quarter. BLB&B Advisors LLC now owns 1,712 shares of the semiconductor manufacturer's stock worth $1,047,000 after purchasing an additional 489 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in Advanced Micro Devices in the third quarter worth $2,447,000. 71.34% of the stock is owned by institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD will invest $1 billion in Meta’s equity offering as the companies expand their AI infrastructure relationship. Meta is testing AMD Helios rack-scale systems, uses EPYC processors and Instinct GPUs, and plans to deploy a customized Instinct accelerator. The agreement strengthens AMD’s visibility with a major hyperscaler and supports the company’s strategy of competing with Nvidia in AI computing. AMD to Invest $1 Billion in Meta as Companies Expand AI Infrastructure Partnership
• Positive Sentiment: Investors are positioning ahead of the November 3 earnings report. Expectations call for continued data-center momentum from EPYC server CPUs and Instinct AI accelerators, while AMD’s agreements with Meta and OpenAI covering potentially large GPU deployments reinforce the growth outlook. Dear AMD Stock Fans, Mark Your Calendar for November 3
• Positive Sentiment: Susquehanna raised its AMD price target to $650 from $620 and maintained a positive rating. Aletheia Capital separately lifted its target to $800 with a Buy rating, reflecting optimism about AI and data-center growth. Susquehanna Adjusts Price Target on Advanced Micro Devices to $650 From $620
• Neutral Sentiment: AMD also benefited from a broader semiconductor rally after strong results from SK Hynix, lifting sentiment across AI-chip stocks. AMD, Broadcom, and Micron Stocks Lead Chip Sector Higher
• Negative Sentiment: Valuation remains a key risk. Commentary notes AMD’s rapid run-up, high earnings multiple and increasing competition from Nvidia, while ARK Invest has continued selling AMD shares. Higher TSMC wafer and advanced-packaging prices could also pressure AMD’s margins if costs cannot be passed to customers. Taiwan Semiconductor Flexes Pricing Power on AI’s Frontline

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMD shares. BMO Capital Markets initiated coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They issued an "outperform" rating and a $550.00 price target for the company. Wall Street Zen raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Sunday, October 4th. Argus increased their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Stifel Nicolaus raised their target price on Advanced Micro Devices from $635.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $607.57.

Advanced Micro Devices Stock Up 3.2%

Advanced Micro Devices stock opened at $578.44 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The firm has a market capitalization of $944.29 billion, a price-to-earnings ratio of 148.70, a price-to-earnings-growth ratio of 5.30 and a beta of 2.45. The firm's fifty day moving average price is $545.58 and its two-hundred day moving average price is $405.90. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during 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%. The firm's revenue for the quarter was up 50.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president owned 117,687 shares of the company's stock, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa Su sold 70,000 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,032,156 shares of the company's stock, valued at $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 231,100 shares of company stock worth $114,867,400 in the last 90 days. Company 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 high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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