State of Alaska Department of Revenue Has $43.68 Million Position in Advanced Micro Devices, Inc. $AMD

Key Points

• State of Alaska Department of Revenue reduced its AMD stake by 5.5% to 203,972 shares, now worth $43,681,000 and representing about 0.5% of its portfolio (its 25th largest position).
• Company insiders sold a total of 242,685 shares worth $50.76 million in the last quarter, including EVP Paul Darren Grasby (7,500 shares at $204.87) and EVP Mark Papermaster (3,293 shares at $225 via a 10b5‑1 plan).
• Institutional investors own 71.34% of AMD, with large funds (Vanguard, State Street, etc.) adding or maintaining stakes as analysts raise ratings amid AI/data‑center demand and AMD’s recent quarter beat expectations with revenue up 34.1% year‑over‑year.

State of Alaska Department of Revenue lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,972 shares of the semiconductor manufacturer's stock after selling 11,778 shares during the quarter. Advanced Micro Devices accounts for about 0.5% of State of Alaska Department of Revenue's portfolio, making the stock its 25th biggest position. State of Alaska Department of Revenue's holdings in Advanced Micro Devices were worth $43,681,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 0.9% during the third quarter. Vanguard Group Inc. now owns 155,997,751 shares of the semiconductor manufacturer's stock worth $25,238,876,000 after purchasing an additional 1,348,892 shares during the period. State Street Corp raised its position in shares of Advanced Micro Devices by 2.4% during the third quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer's stock worth $11,944,056,000 after purchasing an additional 1,755,182 shares during the period. Amundi raised its position in shares of Advanced Micro Devices by 17.5% during the third quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer's stock worth $2,181,937,000 after purchasing an additional 2,012,865 shares during the period. Invesco Ltd. raised its position in Advanced Micro Devices by 6.5% in the 3rd quarter. Invesco Ltd. now owns 13,348,413 shares of the semiconductor manufacturer's stock valued at $2,159,640,000 after buying an additional 813,844 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Advanced Micro Devices by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 11,579,113 shares of the semiconductor manufacturer's stock valued at $1,873,385,000 after buying an additional 191,590 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Paul Darren Grasby sold 7,500 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the sale, the executive vice president owned 129,598 shares in the company, valued at approximately $26,550,742.26. This represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 3,293 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $225.00, for a total value of $740,925.00. Following the completion of the sale, the executive vice president owned 1,294,466 shares in the company, valued at approximately $291,254,850. This trade represents a 0.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 242,685 shares of company stock worth $50,757,308 in the last quarter. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: TSMC’s strong Q1 revenue and reported surge in chip orders is being read as a leading indicator for AI silicon demand — a direct tailwind for AMD’s EPYC/GPU server exposure. Read More.
• Positive Sentiment: Sector AI rally: coverage shows investors rotating into multiple AI‑compute suppliers (including AMD) as the AI infrastructure narrative broadens beyond a single winner, supporting near‑term momentum. Read More.
• Positive Sentiment: Analyst and bank support: Bank of America and other shops are highlighting AMD as a top AI‑compute buy, and select boutiques have raised targets — this endorsement helps fuel demand from institutional and retail buyers. Read More.
• Positive Sentiment: Institutional positioning: filings show large holders adding or maintaining big stakes (Vanguard, State Street, etc.), which supports price stability and upside momentum. Read More.
• Neutral Sentiment: Upcoming earnings (May 5) — a concrete catalyst that could reinforce the rally if data‑center revenue surprises, or trigger volatility if guidance disappoints. Read More.
• Neutral Sentiment: Valuation debate: some outlets flag a rich forward P/E, prompting discussion about how much growth is already priced in — this creates mixed investor opinions on further near‑term upside. Read More.
• Negative Sentiment: Insider and high‑profile selling: executive sales (e.g., Mark Papermaster via a 10b5‑1 plan) and reports of large manager sell‑downs can create headline pressure despite being routine or planned. Read More. Read More.
• Negative Sentiment: Structural competition risk: analysis noting hyperscalers’ shift toward Arm/custom silicon remains a longer‑term headwind for x86‑dependent suppliers if cloud providers accelerate proprietary designs. Read More.

Advanced Micro Devices Price Performance

AMD stock opened at $245.04 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $208.07 and a two-hundred day moving average price of $217.78. The company has a market cap of $399.50 billion, a price-to-earnings ratio of 92.47, a P/E/G ratio of 0.91 and a beta of 1.96. Advanced Micro Devices, Inc. has a twelve month low of $83.75 and a twelve month high of $267.08.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm's revenue for the quarter was up 34.1% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Thursday, April 2nd. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $230.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 16th. Truist Financial set a $283.00 price target on Advanced Micro Devices in a research note on Wednesday, February 4th. Finally, Phillip Securities upgraded Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $290.19.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.