Advanced Micro Devices, Inc. $AMD Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its AMD stake by 2.6% in the third quarter, buying 6,793 additional shares for a total of 272,294 shares valued at approximately $166.6 million. Institutional investors collectively own 71.34% of AMD.
• AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, and earnings of $1.66 per share, exceeding analyst estimates. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $603.51.
• Valuation and AI-spending concerns remain key risks: AMD trades at a P/E ratio of 138.32, while delayed data-center projects and potential margin pressure could increase volatility despite the company’s long-term AI and data-center growth opportunities.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 272,294 shares of the semiconductor manufacturer's stock after buying an additional 6,793 shares during the quarter. Advanced Micro Devices makes up about 1.1% of Sumitomo Mitsui DS Asset Management Company Ltd's holdings, making the stock its 16th largest position. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Advanced Micro Devices were worth $166,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Bank of America Corp DE acquired a new stake in shares of Advanced Micro Devices in the second quarter worth approximately $7,022,226,000. BlackRock Inc. grew its holdings in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. Jupiter Topco LLC acquired a new position in Advanced Micro Devices during the second quarter worth approximately $2,084,651,000. Wellington Management Group LLP increased its position in Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Finally, State Street Corp increased its position in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices News Roundup

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

• Negative Sentiment: AI spending concerns weigh on chip stocks: AMD, Nvidia and Intel were lower in premarket trading as fears resurfaced that delayed data-center projects, leverage among AI infrastructure providers and financing challenges could slow the AI investment cycle. Nvidia, AMD and Intel stocks fall again in premarket
• Negative Sentiment: High valuation increases volatility: With AMD trading at a very elevated earnings multiple after a significant 2026 rally, investors may be demanding stronger evidence that revenue and profit growth can catch up with expectations. Analysts have also raised concerns about margin pressure and the risks of a broader AI sell-off. AMD downgrade analysis
• Negative Sentiment: Fund-flow pressure: Reports that exchange-traded funds were net sellers of AMD add to near-term selling pressure, although such flows can reflect portfolio rebalancing rather than a change in long-term fundamentals.
• Neutral Sentiment: Executive stock sale: EVP Forrest Norrod sold 17,262 shares for approximately $9.3 million under a pre-arranged Rule 10b5-1 plan. He retained 353,317 shares, limiting the significance of the transaction as an outlook signal.
• Positive Sentiment: Analyst and earnings support: TD Cowen reiterated a Buy rating with a $675 price target, citing potential agentic-AI demand and roughly 70% growth in AMD CPU sales next year. AMD is also expected to report approximately $13 billion in third-quarter revenue, up about 41% year over year, ahead of its anticipated November 3 results. Why AMD Stock Popped on Monday
• Positive Sentiment: Long-term growth case remains intact: Coverage continues to point to AMD’s exposure to data centers, AI accelerators, PCs, gaming and high-performance computing. Some investors view the semiconductor pullback as a temporary reset while hyperscaler infrastructure spending continues. Stocks with sticky demand during the AI sell-off

Advanced Micro Devices Stock Up 1.8%

Shares of NASDAQ:AMD opened at $538.05 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The stock has a market capitalization of $878.35 billion, a P/E ratio of 138.32, a PEG ratio of 5.43 and a beta of 2.45. The stock has a 50-day simple moving average of $538.39 and a 200-day simple moving average of $476.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The company's revenue was up 50.1% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa Su sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the sale, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of the sale, the senior vice president directly owned 26,623 shares of the company's stock, valued at $13,010,393.87. The trade was a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 231,100 shares of company stock valued at $114,867,400 over the last quarter. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. DA Davidson boosted their price objective on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Truist Financial boosted their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a report on Monday, July 6th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $603.51.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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