Teachers Retirement System of The State of Kentucky raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 353,090 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,394 shares during the period. Advanced Micro Devices accounts for 0.6% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 17th largest position. Teachers Retirement System of The State of Kentucky’s holdings in Advanced Micro Devices were worth $71,829,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Joseph Group Capital Management purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $27,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $27,000. Basepoint Wealth LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at $30,000. Finally, Wilkerson Advisory Group LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Performance
AMD opened at $557.89 on Monday. The stock has a market capitalization of $909.70 billion, a PE ratio of 182.92, a P/E/G ratio of 1.64 and a beta of 2.47. The firm’s fifty day moving average price is $491.60 and its 200 day moving average price is $319.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a 12-month low of $141.60 and a 12-month high of $584.73.
Wall Street Analyst Weigh In
Several brokerages have commented on AMD. KeyCorp upped their price target on Advanced Micro Devices from $330.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Roth Capital reissued a “buy” rating and set a $500.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Finally, Oppenheimer lowered shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $458.92.
Read Our Latest Stock Report on Advanced Micro Devices
Insider Buying and Selling at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 374,739 shares of company stock valued at $161,135,671. Corporate insiders own 0.50% of the company’s stock.
Key Stories Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Stifel raised its AMD price target to $635 from $450 and reiterated a Buy rating, citing AMD’s growing strength in AI servers and EPYC CPUs.
- Positive Sentiment: Goldman Sachs and other firms have also lifted targets recently, signaling rising Wall Street confidence in AMD’s AI and data-center growth. Goldman Sachs raises AMD stock price target for the rest of 2026 on surging agentic AI CPU demand
- Positive Sentiment: AMD announced a new AI campus partnership, adding another potential growth avenue tied to large-scale AI infrastructure spending. AMD Stock Rallies on a New AI Campus Partnership
- Neutral Sentiment: AMD’s upcoming Aug. 4 earnings report is creating anticipation for a possible beat-and-raise quarter, but the actual results are still pending.
- Negative Sentiment: ARK Invest continued selling AMD shares, which may temper enthusiasm among some investors. Cathie Wood Bets Big on META Ahead of Q2 Earnings, Sells AMD and Other Growth Stocks
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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