State of Michigan Retirement System Decreases Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• State of Michigan Retirement System trimmed its AMD stake, selling 12,700 shares (a 1.5% reduction) and now holds 843,000 shares worth about $180.5M — AMD represents roughly 0.9% of the fund’s portfolio while the fund owns ~0.05% of AMD.
• Wall Street momentum is bullish: DA Davidson upgraded AMD to Buy with a $375 price target and several firms have raised targets, while sector tailwinds (Intel’s strong quarter and new Ryzen CPU launches) have boosted AMD share flows.
• Notable insider selling and valuation risks: insiders (including CEO Lisa Su) sold large positions recently (273,352 shares in the last 90 days) and AMD trades at a rich PE (~131), which could heighten downside if growth or guidance disappoints.

State of Michigan Retirement System cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 843,000 shares of the semiconductor manufacturer's stock after selling 12,700 shares during the quarter. Advanced Micro Devices accounts for about 0.9% of State of Michigan Retirement System's investment portfolio, making the stock its 17th largest holding. State of Michigan Retirement System owned approximately 0.05% of Advanced Micro Devices worth $180,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Vanguard Group Inc. lifted its position 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 during the last quarter. State Street Corp grew its holdings in shares of 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 worth $11,944,056,000 after purchasing an additional 1,755,182 shares during the last quarter. Amundi grew its holdings in shares of Advanced Micro Devices by 17.5% in 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 last quarter. Invesco Ltd. increased its stake in shares of Advanced Micro Devices by 6.5% in the third quarter. Invesco Ltd. now owns 13,348,413 shares of the semiconductor manufacturer's stock worth $2,159,640,000 after buying an additional 813,844 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Advanced Micro Devices by 1.7% in the third quarter. Legal & General Group Plc now owns 11,579,113 shares of the semiconductor manufacturer's stock worth $1,873,385,000 after buying an additional 191,590 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Summary

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

• Positive Sentiment: DA Davidson upgraded AMD to Buy and raised its price target to $375, giving Wall Street a fresh bullish read and helping push momentum. DA Davidson upgrade
• Positive Sentiment: Intel’s blowout quarter created a sector-wide rally that benefitted AMD (investors infer stronger CPU demand across hyperscalers), amplifying buying in AMD shares. CNBC: Intel halo lift
• Positive Sentiment: Stifel and other firms have lifted targets and the launch of the Ryzen 9 9950X3D2 (high-end CPU) strengthens AMD’s PC/gaming margins narrative—another demand/roadmap catalyst. Stifel target & Ryzen launch
• Positive Sentiment: Broader chip-market momentum is strong (SOXX notched a record win streak), signaling sustained investor interest in semiconductors and amplifying flows into AMD. SOXX streak
• Neutral Sentiment: ETF routes are highlighting AMD exposure—investors preferring diversified positions can use semiconductor ETFs (VanEck et al.) for indirect exposure. ETF exposure article
• Neutral Sentiment: GraniteShares’ YieldBOOST AMD ETF announced a weekly distribution; income-focused ETF products can attract a different buyer base but are not a direct signal on AMD fundamentals. GraniteShares distribution
• Negative Sentiment: Insider selling has been heavy recently (many disclosed sales, few/no buys), which some investors view as a cautionary signal on near-term positioning. QuiverQuant insider activity
• Negative Sentiment: Valuation and risk warnings: several articles note AMD’s rich multiples and argue other AI-chip names may offer more upside—heightening the risk if earnings or guidance disappoint. Fool valuation caution

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. TD Cowen reissued a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Rosenblatt Securities reaffirmed a "buy" rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $260.00 to $255.00 and set an "equal weight" rating for the company in a report on Wednesday, February 4th. The Goldman Sachs Group raised their target price on Advanced Micro Devices from $210.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Finally, DA Davidson upgraded Advanced Micro Devices from a "neutral" rating to a "buy" rating and boosted their price target for the company from $220.00 to $375.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $296.44.

Advanced Micro Devices Stock Down 0.1%

Shares of NASDAQ AMD opened at $347.62 on Monday. The firm has a fifty day simple moving average of $221.80 and a two-hundred day simple moving average of $225.10. Advanced Micro Devices, Inc. has a 12 month low of $91.87 and a 12 month high of $352.99. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $566.74 billion, a PE ratio of 131.18, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The company's revenue for the quarter was up 34.1% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 5.78 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the transaction, the chief executive officer owned 3,146,006 shares of the company's stock, valued at approximately $625,331,612.62. This represents a 2.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 7,500 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 273,352 shares of company stock valued at $59,173,070. Insiders own 0.50% of the company's stock.

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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