Meeder Advisory Services Inc. Purchases 1,697 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Meeder Advisory Services increased its AMD stake by 5.4% in the first quarter, buying 1,697 additional shares and bringing its total holding to 33,184 shares worth about $6.75 million.
• Large institutional investors continue to hold major positions in AMD, and institutions own 71.34% of the company’s stock overall, signaling strong professional interest despite recent market volatility.
• Analysts remain broadly constructive on AMD, with a consensus rating of “Moderate Buy” and an average price target of $468.65, even as some firms have downgraded the stock or flagged near-term caution.

Meeder Advisory Services Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,184 shares of the semiconductor manufacturer's stock after buying an additional 1,697 shares during the period. Meeder Advisory Services Inc.'s holdings in Advanced Micro Devices were worth $6,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of AMD. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at about $4,929,312,000. Jennison Associates LLC grew its stake in shares of Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares during the period. Cardano Risk Management B.V. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $1,000,783,000. Wellington Management Group LLP increased its position in shares of Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Advanced Micro Devices by 340.1% during the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer's stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMD. Zacks Research downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 3rd. Wedbush upped their target price on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an "outperform" rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Monday. Melius Research set a $540.00 price target on shares of Advanced Micro Devices in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $468.65.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $495.76 on Monday. The firm has a 50 day moving average of $503.89 and a 200 day moving average of $330.45. The firm has a market capitalization of $808.39 billion, a price-to-earnings ratio of 162.54, a P/E/G ratio of 1.43 and a beta of 2.47. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $9.90 billion. During the same quarter last year, the business earned $0.96 EPS. The firm's revenue was up 37.8% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 6.26 earnings per share for the current year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Wall Street remains constructive on AMD, with KeyCorp reiterating an Overweight rating and a $725 price target, while other firms like Erste Group also raised forward earnings estimates. This supports the view that AMD’s longer-term AI and data-center growth story remains intact. AMD analyst and earnings estimates
• Positive Sentiment: Investors are looking ahead to AMD’s Advancing AI 2026 event next week, where analysts expect new AI products, customer wins, and potentially major partnership news. Some reports say the event could include updates that improve sentiment around AMD’s AI opportunity and competitive position versus Nvidia. AMD Advancing AI event article
• Neutral Sentiment: AMD’s recent quarter showed strong fundamentals, with revenue up 37.8% year over year to about $10.3 billion. That provides a supportive backdrop, but it has not been enough to offset the market’s current risk-off mood toward chip stocks. AMD quarterly revenue background
• Negative Sentiment: Sentiment was also hurt by a report that Chief Technology Officer Mark Papermaster sold 6,000 shares, adding to an already heavy pattern of insider selling. Over the past six months, AMD insiders have made 100 open-market sales and no purchases, which can make some investors cautious. AMD insider sale article
• Negative Sentiment: Broader market coverage described AMD as part of a semiconductor rout, with traders taking profits after a strong run in AI stocks. That rotation is the main reason AMD shares are weaker today, even though the company’s long-term AI narrative remains intact. Chipmaker rout article

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares of the company's stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares of the company's stock, valued at $45,504,306. The trade was a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 341,630 shares of company stock valued at $152,147,456. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Company Profile

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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