Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on The NASDAQ Global Select Market (NASDAQ) under the symbol “AMD”. On February 22, 2023, there were 5,014 registered holders of our common stock, and the closing price of our common stock was $76.61 per share as reported on NASDAQ.
Issuer Purchases of Equity Securities
In May 2021, our Board of Directors approved a stock repurchase program of up to $4 billion of our common stock (Existing Repurchase Program). In February 2022, our Board of Directors approved a new stock repurchase program in addition to the Existing Repurchase Program to purchase up to additional $8 billion of our outstanding common stock in the open market (collectively referred to as the “Repurchase Program”). We expect to fund repurchases through cash generated from operations which have been strengthened by our strong operational results. Our Repurchase Program does not obligate us to acquire any common stock, has no termination date and may be suspended or discontinued at any time.
The following table provides information relating to our repurchase of common stock for the year ended December 31, 2022:
Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Program Maximum Dollar Value of Shares That May Yet be Purchased Under the Program
(In millions)
Repurchases during each fiscal quarter of 2022:
December 26, 2021 - March 26, 2022 15,785,806 $ 121.03 15,785,806 $ 8,327
March 27, 2022 - June 25, 2022 10,159,900 $ 90.58 10,159,900 $ 7,407
June 26, 2022 - September 24, 2022 6,895,972 $ 89.52 6,895,972 $ 6,790
September 25, 2022 - December 31, 2022 3,484,459 $ 71.75 3,484,459 $ 6,540
36,326,137 36,326,137
Repurchases during last fiscal quarter of 2022:
September 25, 2022 - October 29, 2022 — $ — — $ 6,790
October 30, 2022 - November 26, 2022 1,455,994 $ 70.65 1,455,994 $ 6,687
November 27, 2022 - December 31, 2022 2,028,465 $ 72.54 2,028,465 $ 6,540
Total 3,484,459 3,484,459
Equity Award Share Withholding
Shares of common stock withheld as payment of withholding taxes in connection with the vesting or exercise of equity awards are also treated as common stock repurchases. Those withheld shares of common stock are not considered common stock repurchases under an authorized common stock repurchase plan. During fiscal year 2022, we withheld 5 million shares as payment of withholding taxes in connection with the vesting and exercise of equity awards.
For information about our equity compensation plans, see Part III, Item 11, below.
38
Table of Contents
Performance Graph
Comparison of Five-Year Cumulative Total Returns
Advanced Micro Devices, S&P 500 Index and S&P 500 Semiconductor Index
The following graph shows a five-year comparison of cumulative total return on our common stock, the S&P 500 Index and the S&P 500 Semiconductor Index from December 30, 2017 through December 31, 2022. The past performance of our common stock is no indication of future performance.
Base Period Years Ended
Company / Index 12/30/2017 12/29/2018 12/28/2019 12/26/2020 12/25/2021 12/31/2022
Advanced Micro Devices, Inc. 100 173 449 893 1,422 630
S&P 500 Index 100 95 126 147 190 157
S&P 500 Semiconductors Index 100 93 138 193 296 185
Unregistered Sales of Equity Securities
On January 3, 2023, we issued warrants to purchase 300,260 shares of our common stock to a commercial partner pursuant to a strategic arrangement executed in 2018 with such partner. The warrants have an exercise price of $25.4994 per share and expire on January 3, 2026. The warrants were issued pursuant to Section 4(a)(2) of the Securities Act of 1933.
On February 9, 2023, we issued 27,230 shares of AMD’s common stock pursuant to an exercise in full by a commercial partner of warrants to purchase up to 42,260 shares of AMD’s common stock at an exercise price of $25.4994 per share (the Warrants). As a result, the Warrants are no longer outstanding. The commercial partner acquired the Warrants on March 30, 2020 and June 29, 2020 pursuant to a strategic arrangement with such partner. The shares of common stock were issued pursuant to Section 3(a)(9) of the Securities Act of 1933.
ITEM 6. [RESERVED]
39
Table of Contents