State Street Corp Acquires 2,149,563 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• State Street increased its AMD stake by 2.9%, purchasing 2.15 million additional shares to own 76.9 million shares, worth approximately $46.6 billion. Institutional investors and hedge funds collectively own 71.34% of AMD.
• Analysts remain broadly bullish, with AMD receiving a “Moderate Buy” consensus rating and an average price target of $565.12; Benchmark and Argus recently raised their targets to $685 and $625, respectively.
• AMD reported strong quarterly momentum, including $11.54 billion in revenue, up 50.1% year over year, and EPS of $1.66 versus expectations of $1.62. However, the stock’s roughly 159 P/E ratio and substantial insider selling highlight valuation and execution risks.

State Street Corp increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,920,783 shares of the semiconductor manufacturer's stock after purchasing an additional 2,149,563 shares during the quarter. Advanced Micro Devices makes up 0.9% of State Street Corp's investment portfolio, making the stock its 17th biggest holding. State Street Corp owned approximately 4.71% of Advanced Micro Devices worth $46,606,266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altar Rock LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth $405,000. Security National Bank of SO Dak bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $157,000. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $107,000. IKE Capital LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $473,000. Finally, Anchor Investment Management LLC raised its stake in Advanced Micro Devices by 6.7% during the second quarter. Anchor Investment Management LLC now owns 8,563 shares of the semiconductor manufacturer's stock worth $4,974,000 after buying an additional 539 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMD shares. Benchmark boosted their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Argus lifted their price objective on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. UBS Group reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. TD Cowen restated a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Barclays cut Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $565.12.

Advanced Micro Devices Stock Up 0.2%

NASDAQ:AMD traded up $1.24 on Tuesday, hitting $616.76. The stock had a trading volume of 15,430,841 shares, compared to its average volume of 33,410,160. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $154.78 and a 52 week high of $622.00. The business's fifty day moving average is $495.87 and its 200 day moving average is $419.46. The company has a market cap of $1.01 trillion, a PE ratio of 158.57, a P/E/G ratio of 5.81 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company's quarterly revenue was up 50.1% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity

In related news, EVP Jean X. Hu sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president owned 160,979 shares of the company's stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the transaction, the executive vice president owned 363,317 shares of the company's stock, valued at $182,766,616.85. This trade represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is currently owned by insiders.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Investors are increasingly optimistic about AMD’s role in AI infrastructure. OpenAI reportedly agreed to deploy up to six gigawatts of AMD systems, while Oracle reportedly ordered 50,000 next-generation MI450 accelerators. Management has also indicated that data-center revenue could potentially double by 2027. AMD reaches $1 trillion valuation on AI demand
• Positive Sentiment: Recent operating momentum supports the bullish narrative: quarterly revenue rose 50.1% year over year to $11.54 billion, earnings exceeded estimates, and data-center revenue reportedly more than doubled. Reports that AMD may adopt GDDR7 memory for its Radeon GPUs could further improve its competitive position in graphics. AMD stock rises on GDDR7 reports
• Positive Sentiment: A reported 10% price increase on select high-performance chips suggests strong demand and potential pricing power, which could help offset higher manufacturing costs and support margins. Analysts remain broadly constructive, with some price targets above the current trading range. AMD considers chip price increase
• Neutral Sentiment: AMD’s milestone reflects broader technology strength: the Nasdaq reached a record level as falling oil prices and Treasury yields improved sentiment toward growth stocks and semiconductors. However, the rally has made AMD one of the market’s most closely watched and volatile mega-cap stocks.
• Negative Sentiment: After the previous session’s powerful advance, AMD shares pulled back as traders locked in gains. Technical commentary describes the stock as overbought, while some analysts argue that its valuation—at roughly 159 times earnings and more than 5 times PEG—leaves little room for execution missteps. Why AMD stock is falling after Monday's surge
• Negative Sentiment: Insider-trading data shows extensive selling and no reported open-market purchases over the past six months, including sales by CEO Lisa Su and other executives. This may reinforce concerns about elevated valuation, although insider sales can also reflect scheduled diversification rather than a negative business outlook.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.

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