California State Teachers Retirement System Sells 53,866 Shares of Advanced Micro Devices, Inc. $AMD

California State Teachers Retirement System cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,461,412 shares of the semiconductor manufacturer's stock after selling 53,866 shares during the period. Advanced Micro Devices accounts for 0.5% of California State Teachers Retirement System's holdings, making the stock its 26th biggest holding. California State Teachers Retirement System owned about 0.15% of Advanced Micro Devices worth $500,725,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMD. ROI Financial Advisors LLC purchased a new stake in Advanced Micro Devices during the first quarter worth $247,000. Empowered Funds LLC boosted its position in Advanced Micro Devices by 37.1% during the 1st quarter. Empowered Funds LLC now owns 260,777 shares of the semiconductor manufacturer's stock valued at $53,050,000 after acquiring an additional 70,564 shares in the last quarter. Evelyn Partners Investment Management Services Ltd increased its holdings in shares of Advanced Micro Devices by 13.3% in the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 675 shares of the semiconductor manufacturer's stock valued at $137,000 after acquiring an additional 79 shares during the period. Infrastructure Capital Advisors LLC bought a new position in shares of Advanced Micro Devices in the 1st quarter worth $244,000. Finally, Glen Eagle Advisors LLC raised its position in shares of Advanced Micro Devices by 18.1% in the 1st quarter. Glen Eagle Advisors LLC now owns 1,280 shares of the semiconductor manufacturer's stock worth $260,000 after acquiring an additional 196 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMD shares. Needham & Company LLC raised Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Seaport Research Partners upgraded shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a report on Wednesday, May 6th. Benchmark increased their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. William Blair restated a "market perform" rating on shares of Advanced Micro Devices in a report on Friday. Finally, Jefferies Financial Group lifted their price objective on shares of Advanced Micro Devices from $515.00 to $640.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $528.11.

Insider Activity

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the company's stock in a transaction on 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 sale, the director directly owned 87,173 shares of the company's stock, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president directly owned 105,222 shares in the company, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 310,310 shares of company stock valued at $141,185,456 over the last quarter. Insiders own 0.50% of the company's stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD and Core Scientific announced a partnership under which AMD can secure up to 2.5 gigawatts of data-center capacity, including an initial deployment of more than 500 megawatts beginning in 2027. The agreement supports deployments of AMD Instinct GPUs, EPYC CPUs and ROCm software, giving AMD greater control over scarce AI infrastructure. Core Scientific signs AI infrastructure deal with AMD
• Positive Sentiment: The deal reinforces AMD’s strategy of selling complete AI systems rather than individual chips. Commentary following the Advancing AI 2026 event highlighted the Helios rack-scale platform as a potential competitor to Nvidia’s full-stack offerings, while analysts cited the Helios and Venice launches in raising price targets, including Mizuho’s $625 target. Mizuho lifts AMD stock price target
• Positive Sentiment: AMD’s EPYC CPUs are being used by South Korean industrial-AI startup AiBiz for GPU-free semiconductor defect detection, offering another example of demand for AMD’s server processors beyond traditional cloud AI workloads. AiBiz deploys AMD EPYC CPUs
• Neutral Sentiment: Options markets imply a potentially significant move around AMD’s second-quarter report, scheduled for August 4. Analysts expect continued earnings and revenue growth, but the stock’s approximately 149 forward-looking valuation measure leaves limited room for an earnings miss or cautious guidance. AMD earnings volatility outlook
• Negative Sentiment: AMD is being pulled lower by a widespread chip-stock selloff tied to concerns about China’s advances in memory and semiconductor manufacturing, rising AI data-center financing costs and fears that the AI trade has become too concentrated in a few leaders. Why Intel and AMD stocks are tumbling
• Negative Sentiment: Recent insider-trading data shows AMD executives, including CEO Lisa Su, have reported sales and no open-market purchases over the past six months. While such sales may reflect compensation or diversification, they can add to investor caution after the stock’s substantial rally.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $454.62 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The company's 50 day moving average is $514.89 and its 200 day moving average is $345.23. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company has a market cap of $741.30 billion, a PE ratio of 149.06 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating 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 quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.27 EPS for the current year.

About Advanced Micro Devices

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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