Maryland State Retirement & Pension System Buys 2,993 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• The Maryland State Retirement & Pension System increased its holdings in Advanced Micro Devices, Inc. (AMD) by 4.0%, acquiring 2,993 additional shares during the second quarter, bringing its total ownership to 78,275 shares valued at $11.1 million.
• Recent insider trading saw CEO Lisa T. Su selling 225,000 shares for approximately $36.9 million, which marked a 6.28% decrease in her ownership.
• Several analysts raised their target prices for AMD, with Jefferies Financial Group setting a price target of $300, indicating strong market optimism and a positive outlook for the company.

Maryland State Retirement & Pension System lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,275 shares of the semiconductor manufacturer's stock after acquiring an additional 2,993 shares during the quarter. Maryland State Retirement & Pension System's holdings in Advanced Micro Devices were worth $11,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC raised its holdings in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. raised its holdings in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Finally, West Branch Capital LLC raised its holdings in shares of Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 214 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the business's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president directly owned 9,033 shares of the company's stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 225,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,316 shares of company stock valued at $45,203,045 in the last three months. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group set a $300.00 price objective on Advanced Micro Devices and gave the company a "positive" rating in a report on Monday. Evercore ISI lifted their target price on Advanced Micro Devices from $188.00 to $240.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley lifted their target price on Advanced Micro Devices from $168.00 to $246.00 and gave the company an "equal weight" rating in a research note on Tuesday. Roth Capital set a $250.00 target price on Advanced Micro Devices and gave the company a "buy" rating in a research note on Monday. Finally, Dbs Bank upgraded Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $217.70.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $235.56 on Thursday. The business's 50 day moving average price is $168.34 and its 200 day moving average price is $135.71. The firm has a market cap of $382.28 billion, a P/E ratio of 135.38, a P/E/G ratio of 2.50 and a beta of 1.90. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $235.87. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Advanced Micro Devices's quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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