State of Wyoming Acquires 2,540 Shares of Advanced Micro Devices, Inc. $AMD

State of Wyoming raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 87.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,431 shares of the semiconductor manufacturer’s stock after buying an additional 2,540 shares during the period. Advanced Micro Devices comprises approximately 0.3% of State of Wyoming’s portfolio, making the stock its 23rd largest position. State of Wyoming’s holdings in Advanced Micro Devices were worth $3,155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after acquiring an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after purchasing an additional 2,970 shares during the period. United Bank increased its stake in Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after purchasing an additional 2,392 shares during the period. Finally, Schnieders Capital Management LLC. lifted its position in Advanced Micro Devices by 361.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after purchasing an additional 7,228 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD appointed Tim Ryan to its board, adding expertise in technology, enterprise operations and financial governance. KC McClure was named chair of the Audit and Finance Committee, potentially strengthening oversight. AMD Appoints Tim Ryan to Board of Directors
• Positive Sentiment: Analysts and investment commentary remain constructive on AMD’s long-term outlook. CEO Lisa Su’s projection for more than 80% growth in server revenue, excluding AI accelerators, supports the strength of the broader data-center business. AMD Server Revenue Growth Outlook
• Positive Sentiment: AMD’s Helios platform, Instinct Coder private-enterprise AI offering and memorandum of understanding with Mexico’s Secihti add to the company’s AI and international growth initiatives. Their near-term earnings contribution remains uncertain. AMD Instinct Coder
• Neutral Sentiment: AMD’s latest quarterly results exceeded expectations, with revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share versus the $1.62 consensus. However, investors are increasingly demanding continued acceleration from the AI business.
• Negative Sentiment: A renewed technology sell-off pressured chip stocks even as major indexes recovered and Treasury yields eased. Concerns about borrowing costs, inflation, geopolitical tensions and elevated oil prices are weighing on high-growth AI names. Why Intel and AMD Stocks Are Falling
• Negative Sentiment: Valuation is a key risk: AMD trades at a high earnings multiple and at a premium to NVIDIA, leaving the stock vulnerable to disappointment or profit-taking despite strong growth forecasts. Analysts remain broadly bullish, with a reported consensus target of $546.87. AMD Versus NVIDIA Valuation
• Negative Sentiment: ARK Invest recently sold AMD shares while purchasing NVIDIA, adding modest near-term selling pressure and highlighting investor preference shifts within AI-chip stocks. Executive share sales were made under pre-arranged plans to cover tax withholding, reducing their bearish significance. ARK Invest Sells AMD

Insider Activity

In related news, EVP Paul Darren Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the transaction, the executive vice president directly owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This trade represents a 11.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the sale, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. The trade was a 4.14% 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. In the last quarter, insiders have sold 163,959 shares of company stock worth $77,640,312. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. BTIG Research raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Evercore reissued an “outperform” rating and set a $579.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. Finally, Wolfe Research set a $450.00 price target on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday, June 15th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Trading Down 3.7%

AMD opened at $466.42 on Thursday. 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 $149.22 and a 52 week high of $584.73. The stock has a market cap of $761.42 billion, a PE ratio of 119.90 and a beta of 2.48. The business has a 50 day moving average of $512.54 and a 200-day moving average of $373.22.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year.

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.