Advanced Micro Devices, Inc. $AMD Shares Bought by ICONIQ Capital LLC

Key Points

• ICONIQ Capital boosted its AMD stake by 2,789.5% in Q3 to 290,826 shares (about $47.05M), making AMD its 20th largest holding and ~0.6% of the fund's portfolio.
• AMD topped expectations in its most recent quarter with $1.53 EPS vs. $1.32 est and $10.27B revenue (up 34.1% YoY); the company has a $315.3B market cap and a P/E of 72.98.
• Analysts are broadly constructive—MarketBeat shows a consensus "Moderate Buy" and an average price target of $290.53—but near-term risks include insider selling (CEO Lisa Su sold 125,000 shares), new GPU competition from China, and customers developing in‑house AI chips.

ICONIQ Capital LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2,789.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,826 shares of the semiconductor manufacturer's stock after buying an additional 280,761 shares during the quarter. Advanced Micro Devices accounts for about 0.6% of ICONIQ Capital LLC's investment portfolio, making the stock its 20th largest holding. ICONIQ Capital LLC's holdings in Advanced Micro Devices were worth $47,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Gotham Asset Management LLC increased its stake in shares of Advanced Micro Devices by 52.6% in the third quarter. Gotham Asset Management LLC now owns 119,762 shares of the semiconductor manufacturer's stock worth $19,376,000 after buying an additional 41,256 shares during the last quarter. Fagan Associates Inc. boosted its stake in Advanced Micro Devices by 2.6% during the 3rd quarter. Fagan Associates Inc. now owns 102,416 shares of the semiconductor manufacturer's stock valued at $16,570,000 after acquiring an additional 2,550 shares during the last quarter. Fayez Sarofim & Co boosted its stake in Advanced Micro Devices by 0.5% during the 3rd quarter. Fayez Sarofim & Co now owns 18,280 shares of the semiconductor manufacturer's stock valued at $2,958,000 after acquiring an additional 85 shares during the last quarter. Focus Partners Wealth grew its holdings in Advanced Micro Devices by 19.4% during the 3rd quarter. Focus Partners Wealth now owns 593,794 shares of the semiconductor manufacturer's stock worth $98,061,000 after acquiring an additional 96,613 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 100.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer's stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

AMD opened at $193.39 on Monday. 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 company's 50-day moving average price is $216.16 and its 200 day moving average price is $210.44. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The firm has a market cap of $315.30 billion, a price-to-earnings ratio of 72.98, a price-to-earnings-growth ratio of 0.73 and a beta of 1.98.

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

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 7,500 shares of the firm's stock in a transaction 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 in the company, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 125,000 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the transaction, the chief executive officer directly owned 3,152,476 shares of the company's stock, valued at approximately $675,764,755.36. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 154,392 shares of company stock valued at $33,120,933 over the last three months. Corporate insiders own 0.06% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD reached a multi-year patent licensing agreement with Adeia and highlighted product pushes (Ryzen AI Embedded, telco AI at MWC) that reinforce its long-term AI and edge roadmap — this reduces litigation risk and supports future revenue streams. AMD Patent Truce And AI Push Reframe Long Term Growth Story AMD Highlights Significance of Open AI Telco at MWC2026
• Positive Sentiment: Analyst coverage remains constructive—consensus sits around a "Moderate Buy" and some outlets still rank AMD as a top growth name, providing support for longer-term investor sentiment. Analyst Consensus Moderate Buy Zacks: AMD Top-Ranked Growth Stock
• Neutral Sentiment: Industry comparisons and forecasts (AMD vs TSMC and neutral microchip outlooks) keep AMD in investor conversations for strategic allocation, but these comparisons are more about long-term positioning than near-term catalysts. AMD vs TSMC: Which Chip Stock Delivers in 2026?
• Neutral Sentiment: Reported short-interest data for March appears anomalous (shows zero shares) and should be treated with caution; no clear short-squeeze signal from the published figures.
• Negative Sentiment: A new Chinese GPU entrant (Lisuan Technology) announced products that have prompted headlines and contributed to selling pressure across GPU names, raising competitive concerns for both AMD and Nvidia. Could a New Chinese GPU Competitor Threaten Nvidia and AMD Stocks?
• Negative Sentiment: Customers like Meta are developing in-house AI chips, a trend that can lower TAM for external suppliers and weighs on demand expectations for chip vendors. Meta Plans In-House AI Chips
• Negative Sentiment: Broader market pressure—rising oil prices, geopolitical tensions (Middle East), and export/AI-chip controls—has amplified risk-off flows in semiconductors and contributed to AMD's decline in recent sessions. Is AMD stock's latest dip a warning sign or a buying chance?
• Negative Sentiment: Insider selling: EVP Paul Darren Grasby sold 7,500 shares at ~$204.87 on Mar. 11 — a modest-sized sale that some investors may view as a negative signal even though he retains significant holdings. Filing: SEC Form 4

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Roth Mkm restated a "buy" rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Morgan Stanley lowered their price objective on Advanced Micro Devices from $260.00 to $255.00 and set an "equal weight" rating for the company in a report on Wednesday, February 4th. Weiss Ratings restated a "hold (c+)" rating on shares of Advanced Micro Devices in a research note on Monday, December 29th. Evercore reaffirmed an "outperform" rating and set a $358.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $230.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average 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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