State of New Jersey Common Pension Fund D Sells 236 Shares of Advanced Micro Devices, Inc. $AMD

State of New Jersey Common Pension Fund D lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 545,509 shares of the semiconductor manufacturer’s stock after selling 236 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Advanced Micro Devices were worth $77,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Advisory LLC grew its position in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock valued at $606,000 after acquiring an additional 57 shares during the period. Tritonpoint Wealth LLC grew its position in shares of Advanced Micro Devices by 2.6% during the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after acquiring an additional 72 shares during the period. Avion Wealth grew its position in shares of Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 72 shares during the period. Scott & Selber Inc. grew its position in shares of Advanced Micro Devices by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock valued at $1,485,000 after acquiring an additional 73 shares during the period. Finally, Sandy Cove Advisors LLC grew its position in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock valued at $776,000 after acquiring an additional 75 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMD. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. HSBC raised their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Truist Financial reaffirmed a “buy” rating and issued a $273.00 price objective (up from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Stifel Nicolaus set a $240.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 6th. Finally, Jefferies Financial Group set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock a “positive” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.94.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at $384,529,181.40. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,118 shares of company stock worth $46,180,719 over the last 90 days. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $252.92 on Friday. The stock has a market cap of $410.45 billion, a PE ratio of 145.36, a PEG ratio of 2.15 and a beta of 1.90. The company’s fifty day moving average is $182.09 and its 200 day moving average is $146.65. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $253.39. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

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

Advanced Micro Devices Profile

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.