Varma Mutual Pension Insurance Co Sells 12,200 Shares of Advanced Micro Devices, Inc. $AMD

Varma Mutual Pension Insurance Co lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 230,717 shares of the semiconductor manufacturer’s stock after selling 12,200 shares during the quarter. Advanced Micro Devices comprises 0.7% of Varma Mutual Pension Insurance Co’s portfolio, making the stock its 19th biggest holding. Varma Mutual Pension Insurance Co’s holdings in Advanced Micro Devices were worth $134,026,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $4,929,312,000. Jennison Associates LLC lifted its holdings in shares of Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after buying an additional 7,035,991 shares in the last quarter. Cardano Risk Management B.V. purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $1,000,783,000. BlackRock Inc. boosted its position in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after acquiring an additional 3,735,807 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a report on Monday, July 6th. Susquehanna raised their price objective on Advanced Micro Devices from $450.00 to $500.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Citigroup raised Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Raymond James Financial upgraded Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $565.00 to $641.00 in a research report on Tuesday. Finally, Mizuho increased their price target on Advanced Micro Devices from $615.00 to $625.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $553.72.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Strong AI and data-center momentum: AMD reported second-quarter revenue of approximately $11.5 billion, up 50% year over year, while data-center revenue more than doubled to $6.7 billion. Management’s third-quarter outlook for roughly $13 billion of revenue and a 56% gross margin reinforced expectations for continued demand and operating leverage. AMD: The Low-Hanging Fruit Is Gone, But The Stock Is Still A Buy
• Positive Sentiment: Analyst support and competitive positioning: Wall Street firms reiterated bullish views and raised price targets, with Raymond James upgrading AMD to Strong Buy and BMO initiating coverage with a $550 target. Investors also see AMD as a potential alternative to Nvidia for hyperscalers, including through large customer deployments and opportunities in inference and agentic AI. AMD Stock Gets Strong Buy Upgrade From Raymond James
• Positive Sentiment: Product and ecosystem catalysts: AMD’s upcoming Instinct MI455X accelerator is expected to feature 432GB of HBM4 memory, while the Helios rack system is scheduled to begin initial shipments later this quarter. The company is also expanding UCIe connectivity, trusted-AI security capabilities and EPYC processor deployments for autonomous-driving applications. AMD’s Next AI Accelerator Carries 432 Gigabytes of Memory
• Neutral Sentiment: Nvidia earnings remain a near-term trading catalyst: AMD and other semiconductor stocks benefited from positioning ahead of Nvidia’s results. Nvidia’s outlook could validate AI infrastructure demand or trigger a broader reassessment of accelerator valuations. NVIDIA Earnings Could Move These 3 AI Stocks
• Negative Sentiment: Insider selling weighs on sentiment: EVP Forrest Norrod sold 17,261 shares worth about $7.9 million under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a signal about fundamentals, but repeated insider disposals can add pressure after a sharp rally. AMD Insider Sale SEC Filing
• Negative Sentiment: Valuation and execution risks: With AMD trading at a high earnings multiple after a major advance, investors may demand continued exceptional growth. Export-policy uncertainty, rising memory costs and more than $10 billion of planned Taiwan packaging investment could increase execution and margin risks. AMD’s Next Move Could Be Huge

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was 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 in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 228,024 shares of company stock valued at $107,851,304. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Trading Up 0.4%

AMD opened at $480.93 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock’s 50 day moving average price is $508.39 and its 200-day moving average price is $381.97. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The stock has a market cap of $785.10 billion, a price-to-earnings ratio of 123.63 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $11.31 billion. During the same period last year, the company earned $0.48 EPS. Advanced Micro Devices’s quarterly revenue was up 50.1% compared to the same quarter last year. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Advanced Micro Devices Company 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.