Advanced Micro Devices, Inc. $AMD Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 174,511 shares of the semiconductor manufacturer’s stock after selling 1,102 shares during the quarter. Advanced Micro Devices makes up approximately 0.4% of Mutual of America Capital Management LLC’s holdings, making the stock its 25th largest holding. Mutual of America Capital Management LLC’s holdings in Advanced Micro Devices were worth $37,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMD. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after acquiring an additional 2,970 shares in the last quarter. United Bank lifted its position in shares of Advanced Micro Devices by 22.0% in the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of 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 acquiring an additional 7,228 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD expanded its AI infrastructure push by joining DriveNets’ $410 million funding round, signaling that it is investing beyond chips and into networking technology that supports large-scale AI data centers. Reuters article on DriveNets funding
• Positive Sentiment: AMD also unveiled new product and platform updates at Computex, including expanded AM5 support through 2029 and new Ryzen X3D gaming chips, which helps reinforce its product roadmap in PCs and gaming. Benzinga article on AMD Computex updates
• Positive Sentiment: Mizuho raised its price target on AMD to $615 from $515 and kept an outperform rating, reflecting continued optimism around AI demand and execution. Benzinga/The Fly price target update
• Neutral Sentiment: AMD’s strong recent operating momentum and rising valuation have kept the stock in the spotlight, with articles noting the shares are close to a 52-week high and that investors are debating whether the run is getting ahead of fundamentals. 24/7 Wall St. valuation article
• Negative Sentiment: Sentiment weakened after Nvidia unveiled its RTX Spark PC AI chip, which investors see as a direct challenge to AMD in personal computers and related AI hardware markets. Yahoo Finance article on Nvidia PC chip launch
• Negative Sentiment: ARK Invest sold tens of millions of dollars in AMD shares while rotating into Nvidia, adding to short-term pressure on AMD stock. Benzinga article on ARK selling AMD
• Negative Sentiment: The U.S. also tightened export rules for advanced AI chips, including AMD’s MI350x, which could add friction to future sales into China-linked supply chains. Yahoo Finance article on export limits

Advanced Micro Devices Trading Down 1.2%

AMD opened at $510.13 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $111.01 and a 52 week high of $527.20. The business has a fifty day simple moving average of $333.88 and a 200-day simple moving average of $257.70. The firm has a market cap of $831.82 billion, a P/E ratio of 167.26, a P/E/G ratio of 1.52 and a beta of 2.40. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

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

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the sale, the chief executive officer directly owned 3,021,899 shares of the company’s stock, valued at $1,346,286,223.49. This trade represents a 3.97% 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 90 days, insiders sold 329,085 shares of company stock valued at $114,051,007. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMD shares. KeyCorp raised their target price on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Wells Fargo & Company raised their target price on Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Needham & Company LLC upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Citigroup increased their price target on Advanced Micro Devices from $358.00 to $460.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $419.86.

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.