Advanced Micro Devices, Inc. $AMD Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,100 shares of the semiconductor manufacturer’s stock after selling 1,500 shares during the quarter. Advanced Micro Devices comprises approximately 0.5% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 19th biggest position. Louisiana State Employees Retirement System’s holdings in Advanced Micro Devices were worth $28,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Wise Wealth Partners acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $343,000. Parisi Gray Wealth Management acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $343,000. Davis Investment Partners LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $736,000. Sivia Capital Partners LLC increased its position in shares of Advanced Micro Devices by 125.1% during 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 last quarter. Finally, Fragasso Financial Advisors Inc increased its position in shares of Advanced Micro Devices by 151.3% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer’s stock worth $799,000 after purchasing an additional 3,388 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMD. UBS Group raised their price objective on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Wedbush reissued a “cautious” rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Monday, June 23rd. Raymond James Financial lifted their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Roth Capital set a $250.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.00.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 272,448 shares of company stock worth $44,554,848. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $211.51 on Wednesday. The stock has a 50-day simple moving average of $167.22 and a 200-day simple moving average of $135.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market capitalization of $343.25 billion, a PE ratio of 121.56, a PEG ratio of 2.40 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $226.71.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.