National Pension Service Has $734.86 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• National Pension Service increased its AMD stake by 1.6% in the fourth quarter, ending with 3.43 million shares worth about $734.86 million. AMD now makes up roughly 0.5% of the fund’s portfolio.
• Institutional ownership in AMD remains very high, with hedge funds and asset managers holding 71.34% of the stock. Vanguard, State Street, Geode, Amundi, and Invesco all added to their positions as well.
• AMD’s recent results and outlook remain strong: the company beat earnings and revenue estimates, while analysts have mostly bullish views with a consensus Moderate Buy rating and an average price target of $410.

National Pension Service lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,431,359 shares of the semiconductor manufacturer's stock after buying an additional 54,322 shares during the period. Advanced Micro Devices comprises about 0.5% of National Pension Service's investment portfolio, making the stock its 28th largest holding. National Pension Service owned 0.21% of Advanced Micro Devices worth $734,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AMD. Vanguard Group Inc. grew its stake in Advanced Micro Devices by 1.6% in 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 purchasing an additional 2,525,109 shares in the last quarter. State Street Corp grew its stake 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 purchasing an additional 1,755,182 shares in the last quarter. Geode Capital Management LLC grew its stake 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 purchasing an additional 287,525 shares in the last quarter. Amundi grew its stake 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 purchasing an additional 2,012,865 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Advanced Micro Devices by 6.5% in the third quarter. Invesco Ltd. now owns 13,348,413 shares of the semiconductor manufacturer's stock valued at $2,159,640,000 after purchasing an additional 813,844 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Key Advanced Micro Devices News

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

• Positive Sentiment: Rocket One was accepted into the AMD AI Developer Program, giving the company access to AMD cloud tools, credits, and technical resources that could help expand demand for AMD’s AI ecosystem. Rocket One Accepted into AMD AI Developer Program to Advance Simulation of Next-Generation Nanomagnetic AI Accelerator Architecture for AI, Defense and Space Applications
• Positive Sentiment: Several articles argue AMD still has room to run after its post-earnings surge, citing strong data center growth, rising EPYC and Instinct adoption, and the company’s expanding AI opportunity. AMD's Data Center Growth Rides on EPYC Demand: More Upside Ahead?
• Positive Sentiment: Analyst sentiment remains constructive, with recent upgrades and higher price targets suggesting Wall Street sees a much larger market opportunity for AMD’s CPU and AI businesses. Why Wall Street Sees A Much Bigger Market Opportunity For AMD
• Positive Sentiment: AMD’s AI narrative is also being reinforced by bullish opinion pieces saying the stock’s rally may still be unfinished, keeping momentum traders engaged. AMD Stock Is On A Once-In-50-Year Run — And It Looks Like Unfinished Business
• Neutral Sentiment: Cathie Wood and ARK Invest sold more than $16 million of AMD shares, which may create some near-term headline pressure but does not change the company’s operating outlook. Cathie Wood Just Sold $16 Million of AMD Stock. Why Did ARK Invest Sell the Chip Giant?
• Neutral Sentiment: Coverage noting Nvidia’s relative underperformance versus the broader chip sector is helping frame AMD as a beneficiary of shifting AI hardware demand, though the impact is indirect. Nvidia Stock Is Now a Chip Laggard

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. Wedbush raised their price target on Advanced Micro Devices from $290.00 to $400.00 and gave the company an "outperform" rating in a research note on Monday, May 4th. Citigroup raised their price target on Advanced Micro Devices from $358.00 to $460.00 and gave the company a "neutral" rating in a research note on Monday, May 18th. Northland Securities restated a "market perform" rating and issued a $260.00 price target on shares of Advanced Micro Devices in a research note on Monday, April 27th. Roth Mkm restated a "buy" rating and issued a $500.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. Finally, Seaport Research Partners upgraded Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $430.00 price target for the company in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $410.00.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the business's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of the business's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares of the company's stock, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 329,085 shares of company stock valued at $114,051,007. Corporate insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

AMD opened at $518.09 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $108.62 and a 12-month high of $527.20. The stock has a market cap of $844.80 billion, a price-to-earnings ratio of 169.87, a PEG ratio of 1.46 and a beta of 2.40. The business has a 50 day moving average of $321.45 and a 200-day moving average of $253.87. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

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, beating analysts' consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $9.90 billion. During the same period last year, the firm posted $0.96 earnings per share. The business's revenue was up 37.8% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Advanced Micro Devices 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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