Maryland State Retirement & Pension System Acquires 3,811 Shares of Advanced Micro Devices, Inc. $AMD

Maryland State Retirement & Pension System lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,960 shares of the semiconductor manufacturer's stock after buying an additional 3,811 shares during the period. Advanced Micro Devices comprises approximately 1.1% of Maryland State Retirement & Pension System's portfolio, making the stock its 12th biggest position. Maryland State Retirement & Pension System's holdings in Advanced Micro Devices were worth $71,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMD. BlackRock Inc. lifted its stake in Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. State Street Corp boosted its position in Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares during the period. Bank of America Corp DE purchased a new position in Advanced Micro Devices during the 2nd quarter valued at about $7,022,226,000. Jennison Associates LLC grew its stake in Advanced Micro Devices by 5.8% during the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after acquiring an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after acquiring an additional 2,365,419 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 7.3%

AMD opened at $552.90 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The business has a 50-day moving average of $550.43 and a 200-day moving average of $419.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93. The company has a market capitalization of $906.81 billion, a PE ratio of 120.20, a price-to-earnings-growth ratio of 4.96 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The firm's revenue was up 44.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 28,811 shares of the business's stock in a transaction that occurred 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 directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president directly owned 353,317 shares of the company's stock, valued at $191,038,501.90. This represents a 4.66% 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. In the last 90 days, insiders have sold 230,957 shares of company stock valued at $114,799,511. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices News Roundup

These are some of the AMD news items that stood out recently:

• Positive Sentiment: CoreWeave’s better-than-expected results and improved outlook revived confidence in AI infrastructure spending, lifting chip stocks. Why Advanced Micro Devices Stock Popped Today
• Positive Sentiment: Google’s selection of AMD’s fifth-generation EPYC processors for its TPU 8tx system, alongside the launch of new EPYC CPUs, reinforced AMD’s opportunity in cloud and AI server workloads. What Is Going on With AMD Stock on Wednesday?
• Positive Sentiment: Anthropic’s claim that its Mythos model got Claude running on AMD chips in roughly three days raised the possibility that AI software could become less dependent on Nvidia’s CUDA platform—potentially broadening AMD’s appeal, though adoption remains to be proven. Anthropic’s Mythos claim and Nvidia’s CUDA moat

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Mizuho dropped their target price on Advanced Micro Devices from $705.00 to $610.00 and set an "outperform" rating on the stock in a report on Wednesday, November 4th. CLSA restated an "outperform" rating and set a $710.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 9th. Bank of America lowered their price objective on shares of Advanced Micro Devices from $720.00 to $650.00 and set a "buy" rating on the stock in a research report on Wednesday, November 4th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $700.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Finally, William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $642.47.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.

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