State of New Jersey Common Pension Fund D Sells 47,966 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in Advanced Micro Devices, Inc. (AMD) by 8.1%, now holding 545,745 shares valued at approximately $56.07 million.
• Advanced Micro Devices recently reported quarterly earnings, missing estimates with $0.48 earnings per share and a revenue of $7.69 billion, which was above expectations.
• The company's Board of Directors initiated a share repurchase program, allowing for the repurchase of up to $6.00 billion in shares, signaling confidence in the company's valuation.

State of New Jersey Common Pension Fund D cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,745 shares of the semiconductor manufacturer's stock after selling 47,966 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Advanced Micro Devices were worth $56,070,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Greenline Partners LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC boosted its stake in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. grew its holdings in Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMD shares. Wells Fargo & Company upped their price target on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Benchmark raised their price target on Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays upped their price target on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a report on Monday, June 23rd. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $180.12.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $8.0060 during trading on Tuesday, hitting $168.1340. The company's stock had a trading volume of 36,392,632 shares, compared to its average volume of 46,764,871. The company has a 50-day moving average of $151.80 and a 200-day moving average of $120.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm has a market cap of $272.86 billion, a price-to-earnings ratio of 96.85, a P/E/G ratio of 2.10 and a beta of 1.94. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The firm's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.