Strs Ohio Reduces Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Strs Ohio slightly trimmed its stake in AMD by 0.6% to 602,392 shares (~$129M), while major firms like Jennison, Wellington, Assenagon, Nordea and Vanguard (now 158.5M shares) materially increased positions, leaving institutional ownership at 71.34%.
• Company insiders have been selling recent shares—two EVPs sold stock—and insiders disposed of a total of 304,672 shares worth about $70.1M in the last 90 days, leaving insiders with roughly 0.50% ownership.
• AMD reported a strong quarter (EPS $1.53 vs. $1.32 est., revenue $10.27B, +34.1% Y/Y), the stock trades near its 12‑month high (~$361) with a high PE (~136), and market sentiment is mixed—data‑center wins and product news are bullish but analysts warn of valuation and supply‑risk headwinds.

Strs Ohio lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 602,392 shares of the semiconductor manufacturer's stock after selling 3,898 shares during the quarter. Strs Ohio's holdings in Advanced Micro Devices were worth $129,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMD. Jennison Associates LLC lifted its stake in shares of Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares during the period. Wellington Management Group LLP lifted its stake in shares of Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Advanced Micro Devices by 104.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer's stock valued at $1,283,096,000 after purchasing an additional 3,059,935 shares during the period. Nordea Investment Management AB lifted its stake in shares of Advanced Micro Devices by 203.7% in the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer's stock valued at $631,892,000 after purchasing an additional 2,619,294 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Advanced Micro Devices by 1.6% in the 4th 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 period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the business's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the completion of the transaction, the executive vice president owned 289,098 shares in the company, valued at $62,679,337.38. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Darren Grasby sold 7,500 shares of the business's 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 completion of the transaction, the executive vice president owned 129,598 shares of the company's stock, valued at $26,550,742.26. This represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 304,672 shares of company stock worth $70,135,070 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Riot Platforms expanded its AMD data‑center deal (adds ~25 MW / doubles contracted capacity), a visible commercial win that signals more data‑center GPU deployments for AMD and helped lift market enthusiasm. Riot jumps 10% as AMD signs additional 25 MW AI deployment: Q1 Earnings
• Positive Sentiment: Leaked timing for AMD’s Ryzen AI “halo” mini‑PC has driven retail and trader excitement around new product cadence and edge/desktop AI sales upside. AMD Stock Rallies as a Release Date for the Ryzen AI Halo PC Leaks
• Positive Sentiment: Coverage pieces (e.g., Forbes) argue AMD is breaking into Nvidia’s data‑center dominance, reinforcing a narrative of expanding GPU+CPU share in AI infrastructure. That narrative supports a higher long‑term multiple if AMD keeps winning design slots. AMD's AI Coup: Breaking The Nvidia Monopoly
• Positive Sentiment: Susquehanna and other bullish analyst notes ahead of earnings highlight growing data‑center demand and recommend buying before May 5, supporting short‑term momentum into AMD’s Q1 print. As Data Center Demand Grows, Susquehanna Says You Should Buy AMD Stock Before May 5
• Neutral Sentiment: Wall Street is split: several five‑star analysts are divided on valuation and near‑term upside even as the stock has rallied sharply, so guidance/metrics in AMD’s upcoming report will matter more than headlines. 5-Star Analysts Are Split on AMD as Stock Soars into Q1 Earnings
• Negative Sentiment: ARK Invest trimmed AMD from its ETF (Cathie Wood reallocated into Meta/Alphabet), signaling at least some active‑manager profit taking that can pressure the stock after a big run. Cathie Wood Loads Up on Meta, Alphabet Sells AMD
• Negative Sentiment: Schwab and other strategists warn the semiconductor group faces “overhead supply” risk after a near‑50% rally from March lows — a cautionary signal that a pullback or rotation is possible if earnings/guidance disappoint. Schwab Analyst: Chip Stocks Face ‘Overhead Supply’ Risk After 50% Rally Off March Lows
• Negative Sentiment: Royal Bank of Canada bumped its price target to $325 but kept a “sector perform” call; that TP sits below the current quote and can be read as a reminder of valuation risk if momentum fades. RBC Raises AMD Price Target to $325 (Benzinga)

Advanced Micro Devices Stock Up 1.7%

AMD stock opened at $360.54 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $96.88 and a twelve month high of $362.79. 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 firm has a market cap of $587.80 billion, a PE ratio of 136.05, a price-to-earnings-growth ratio of 1.28 and a beta of 1.96. The business has a 50 day moving average of $232.51 and a 200 day moving average of $228.24.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $9.65 billion. During the same quarter last year, the company earned $1.09 EPS. The firm's revenue for the quarter was up 34.1% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup lowered their target price on Advanced Micro Devices from $260.00 to $248.00 and set a "neutral" rating for the company in a research note on Monday, April 6th. Phillip Securities upgraded Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Sunday, February 8th. Stifel Nicolaus raised their target price on Advanced Micro Devices from $280.00 to $320.00 and gave the company a "buy" rating in a research note on Monday, April 20th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, February 2nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $300.05.

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.

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