Advanced Micro Devices, Inc. $AMD is Assenagon Asset Management S.A.'s 6th Largest Position

Key Points

• Assenagon Asset Management more than doubled its stake (up 104.4%), acquiring 5,991,297 AMD shares and making the stock its 6th largest holding; institutional investors now own about 71.34% of AMD.
• AMD beat quarterly expectations, reporting $1.53 EPS vs. $1.32 expected and revenue of $10.27B (up 34.1% year-over-year), with healthy margins and a market cap near $330B.
• AI and supply-chain catalysts (talks to sell MI-series accelerators to Upstage, joining the OCI interconnect group, and a Samsung memory/foundry MOU) support AMD’s datacenter GPU thesis, but competition from Nvidia, valuation concerns, and recent insider sales (CEO Lisa Su sold 85,000 shares) add caution.

Assenagon Asset Management S.A. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 104.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,991,297 shares of the semiconductor manufacturer's stock after acquiring an additional 3,059,935 shares during the period. Advanced Micro Devices makes up 1.8% of Assenagon Asset Management S.A.'s portfolio, making the stock its 6th largest holding. Assenagon Asset Management S.A. owned approximately 0.37% of Advanced Micro Devices worth $1,283,096,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Advanced Micro Devices in the second quarter worth about $3,094,662,000. Jennison Associates LLC purchased a new position in Advanced Micro Devices during the 3rd quarter valued at approximately $626,826,000. Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after buying an additional 3,735,807 shares in the last quarter. Nordea Investment Management AB increased its stake in Advanced Micro Devices by 203.7% in the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer's stock worth $631,892,000 after acquiring an additional 2,619,294 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in Advanced Micro Devices by 56.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer's stock worth $961,078,000 after acquiring an additional 2,430,533 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 0.7%

Shares of AMD opened at $202.68 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $214.97 and a 200 day moving average of $212.00. The company has a market cap of $330.45 billion, a PE ratio of 76.48, a P/E/G ratio of 0.76 and a beta of 1.98. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.21. The business had revenue of $10.27 billion for the quarter, compared to analysts' expectations of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The business's revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD is in talks to sell up to 10,000 MI-series AI accelerators to South Korean AI startup Upstage, a potential revenue and design-win catalyst that would help diversify AI GPU demand away from Nvidia in Korea. AI Startup Upstage Looking at Buying 10,000 AMD Chips in Korea
• Positive Sentiment: AMD joined the Optical Compute Interconnect (OCI) multi‑source agreement alongside hyperscalers and peers, positioning it to influence data‑center interconnect standards — a strategic plus for future hyperscaler GPU deployments. AMD Joins OCI Group As Optical AI Standard Shapes Valuation Debate
• Positive Sentiment: AMD and Samsung have a memorandum of understanding to deepen memory-supply ties and explore foundry cooperation — this could ease high-bandwidth memory (HBM) constraints that are a gating factor for AI GPU shipments. Advanced Micro Devices Inc. (AMD) Deepens Ties with Samsung on Memory Chip Supplies and Foundry
• Positive Sentiment: Market commentary is bullish on AMD’s upcoming MI450 GPU family and longer‑term AI datacenter opportunity; analysts and MarketBeat pieces argue MI450 launches could materially accelerate revenue and market share over 2026–2027. Advanced Micro Devices Profile & MI450 Coverage
• Positive Sentiment: Short‑term demand signals: a reported Ryzen price cut and talk of an upcoming refresh pushed trading optimism—price cuts can boost unit sales ahead of a refresh cycle. AMD Stock Jumps on Ryzen Price Cut Ahead of a Rumored Refresh
• Neutral Sentiment: Sector tailwind: easing geopolitical tensions boosted chip names broadly (Nvidia, AMD), providing short‑term market support but not altering company fundamentals. Nvidia, AMD Rally As War Fears Ease
• Neutral Sentiment: New AI inference platforms (e.g., Gimlet Labs’ multi‑silicon cloud) highlight multi‑vendor demand for inference hardware — a potential incremental market for AMD but uncertain in timing/scale. AI Inference Software Innovator Gimlet Labs Ushers in New Era
• Neutral Sentiment: Short‑interest data released today shows an anomalous zero figure and 0.0 days to cover — the print looks erroneous and shouldn’t be interpreted as genuine investor positioning. (internal data entry)
• Negative Sentiment: Competitive and valuation concerns persist: multiple pieces contrast AMD with Nvidia (NVDA dominant in AI/data center) and warn of AI hype/valuation pressure, which can cap upside or increase volatility for AMD stock. Nvidia vs AMD: The 2026 AI Chip Showdown
• Negative Sentiment: Some coverage warns Samsung’s closer memory tie could allow Samsung to gain strategic leverage into AMD’s AI supply chain — framed as a potential competitive/partner risk. Samsung Just Found a Shocking New Way Into AMD’s AI Push

Insider Activity

In other news, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, the chief executive officer directly owned 3,146,006 shares in the company, valued at approximately $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the sale, the executive vice president directly owned 129,598 shares of the company's stock, valued at $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 239,392 shares of company stock valued at $50,016,383. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. The Goldman Sachs Group increased their target price on Advanced Micro Devices from $210.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, February 25th. Sanford C. Bernstein set a $235.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Mizuho upped their price target on shares of Advanced Micro Devices from $275.00 to $280.00 and gave the company an "outperform" rating in a research note on Wednesday, February 25th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, February 2nd. Finally, China Renaissance initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 13th. They issued a "buy" rating and a $291.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $290.53.

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.

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