Advanced Micro Devices, Inc. $AMD Shares Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 48.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 13,421 shares of the semiconductor manufacturer’s stock after buying an additional 4,402 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Advanced Micro Devices were worth $2,874,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Advanced Micro Devices in the 4th quarter valued at $4,929,312,000. Jennison Associates LLC grew its position 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 valued at $2,336,552,000 after purchasing an additional 7,035,991 shares during the period. Cardano Risk Management B.V. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $1,000,783,000. Wellington Management Group LLP increased its stake in Advanced Micro Devices by 335.9% in the third 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 last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Advanced Micro Devices by 340.1% during the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock worth $1,016,796,000 after acquiring an additional 3,669,054 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD and Rackspace Technology signed a definitive agreement for a phased deployment of 30 MW of AMD AI compute across Rackspace data centers, reinforcing demand for AMD’s AI hardware in enterprise infrastructure. Article Title
• Positive Sentiment: AMD’s reported acquisition of MEXT is being viewed as a strategic move to tackle one of AI’s biggest bottlenecks—memory performance—supporting the company’s longer-term AI competitiveness. Article Title
• Positive Sentiment: Several analysts remain constructive on AMD, citing AI-driven growth, stronger CPU demand, and potential upside to consensus estimates, which is helping fuel bullish sentiment around the stock. Article Title
• Positive Sentiment: Broader AI and semiconductor enthusiasm is also lifting AMD, with articles highlighting the company as a core beneficiary of durable AI demand rather than just short-term momentum. Article Title

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday. Oppenheimer downgraded Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research note on Wednesday, May 6th. DA Davidson boosted their target price on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Susquehanna upped their price objective on Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $428.65.

Advanced Micro Devices Stock Up 7.0%

Shares of NASDAQ:AMD opened at $547.26 on Tuesday. The company has a market cap of $892.36 billion, a PE ratio of 179.43, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. The firm has a 50 day simple moving average of $393.01 and a 200 day simple moving average of $277.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices, Inc. has a 52 week low of $117.78 and a 52 week high of $558.37.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares in the company, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 372,032 shares of company stock worth $158,658,616. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices 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.