Mutual of America Capital Management LLC Cuts Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Mutual of America Capital Management trimmed its AMD stake by 0.6% in the fourth quarter, selling 1,102 shares and leaving it with 174,511 shares valued at about $37.4 million.
• AMD’s latest quarterly results beat expectations, with EPS of $1.37 versus $1.29 expected and revenue of $10.25 billion versus $9.90 billion, marking 37.8% year-over-year revenue growth.
• Wall Street sentiment remains constructive: several analysts raised price targets, and the stock currently carries a Moderate Buy consensus with a target price around $419.86.

Mutual of America Capital Management LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,511 shares of the semiconductor manufacturer's stock after selling 1,102 shares during the period. Advanced Micro Devices makes up 0.4% of Mutual of America Capital Management LLC's portfolio, making the stock its 25th biggest position. Mutual of America Capital Management LLC's holdings in Advanced Micro Devices were worth $37,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after buying an additional 2,525,109 shares during the last quarter. State Street Corp lifted its holdings in Advanced Micro Devices by 2.4% in the third quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer's stock valued at $11,944,056,000 after acquiring an additional 1,755,182 shares during the period. Geode Capital Management LLC lifted its holdings in Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after acquiring an additional 287,525 shares during the period. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at about $4,929,312,000. Finally, Amundi lifted its holdings in Advanced Micro Devices by 17.5% in the third quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer's stock valued at $2,181,937,000 after acquiring an additional 2,012,865 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMD shares. The Goldman Sachs Group raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and increased their target price for the company from $240.00 to $450.00 in a report on Wednesday, May 6th. Zacks Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. Royal Bank Of Canada increased their target price on Advanced Micro Devices from $325.00 to $400.00 and gave the company a "sector perform" rating in a report on Wednesday, May 6th. DA Davidson increased their target price on Advanced Micro Devices from $375.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Finally, Citigroup increased their target price on Advanced Micro Devices from $358.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $419.86.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $510.13 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a 1 year low of $111.01 and a 1 year high of $527.20. The stock's 50 day simple moving average is $333.88 and its two-hundred day simple moving average is $257.70. The company has a market cap of $831.82 billion, a price-to-earnings ratio of 167.26, a PEG ratio of 1.52 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company's revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the completion of the sale, the chief executive officer directly owned 3,021,899 shares in the company, valued at approximately $1,346,286,223.49. This trade represents a 3.97% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president owned 105,222 shares of the company's stock, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 329,085 shares of company stock worth $114,051,007 in the last 90 days. 0.50% of the stock is owned by insiders.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD expanded its AI infrastructure push by joining DriveNets’ $410 million funding round, signaling that it is investing beyond chips and into networking technology that supports large-scale AI data centers. Reuters article on DriveNets funding
• Positive Sentiment: AMD also unveiled new product and platform updates at Computex, including expanded AM5 support through 2029 and new Ryzen X3D gaming chips, which helps reinforce its product roadmap in PCs and gaming. Benzinga article on AMD Computex updates
• Positive Sentiment: Mizuho raised its price target on AMD to $615 from $515 and kept an outperform rating, reflecting continued optimism around AI demand and execution. Benzinga/The Fly price target update
• Neutral Sentiment: AMD’s strong recent operating momentum and rising valuation have kept the stock in the spotlight, with articles noting the shares are close to a 52-week high and that investors are debating whether the run is getting ahead of fundamentals. 24/7 Wall St. valuation article
• Negative Sentiment: Sentiment weakened after Nvidia unveiled its RTX Spark PC AI chip, which investors see as a direct challenge to AMD in personal computers and related AI hardware markets. Yahoo Finance article on Nvidia PC chip launch
• Negative Sentiment: ARK Invest sold tens of millions of dollars in AMD shares while rotating into Nvidia, adding to short-term pressure on AMD stock. Benzinga article on ARK selling AMD
• Negative Sentiment: The U.S. also tightened export rules for advanced AI chips, including AMD’s MI350x, which could add friction to future sales into China-linked supply chains. Yahoo Finance article on export limits

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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