AustralianSuper Pty Ltd Makes New $198.08 Million Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• AustralianSuper Pty Ltd disclosed a new stake in Advanced Micro Devices, buying 924,933 shares valued at about $198.1 million in the fourth quarter. AMD now represents 0.9% of the fund’s portfolio and is its 21st-largest holding.
• AMD reported a strong latest quarter, with EPS of $1.37 beating estimates and revenue of $10.25 billion topping forecasts. Revenue rose 37.8% year over year, and analysts now expect full-year EPS of 6.17.
• Sentiment around AMD remains broadly positive, with several analysts raising price targets and institutional investors increasing holdings. However, insiders have recently sold shares, and some analysts still view the stock as fully valued.

AustralianSuper Pty Ltd purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 924,933 shares of the semiconductor manufacturer's stock, valued at approximately $198,084,000. Advanced Micro Devices accounts for 0.9% of AustralianSuper Pty Ltd's portfolio, making the stock its 21st biggest holding. AustralianSuper Pty Ltd owned 0.06% of Advanced Micro Devices as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its position in Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Advanced Micro Devices by 335.9% in the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after purchasing an additional 3,735,807 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Advanced Micro Devices by 104.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer's stock valued at $1,283,096,000 after purchasing an additional 3,059,935 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock worth $33,949,256,000 after buying an additional 2,525,109 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 56.0% during the second quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer's stock valued at $961,078,000 after buying an additional 2,430,533 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 0.9%

Advanced Micro Devices stock opened at $449.70 on Friday. The business has a 50 day moving average price of $269.05 and a two-hundred day moving average price of $239.23. The stock has a market cap of $733.28 billion, a price-to-earnings ratio of 147.44, a price-to-earnings-growth ratio of 1.33 and a beta of 2.40. Advanced Micro Devices, Inc. has a 12 month low of $107.67 and a 12 month high of $469.21. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $9.90 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The firm's revenue for the quarter was up 37.8% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMD. Citigroup upped their price target on Advanced Micro Devices from $248.00 to $358.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Raymond James Financial initiated coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They set a "market perform" rating on the stock. Jefferies Financial Group downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Finally, Wolfe Research began coverage on shares of Advanced Micro Devices in a report on Wednesday, May 6th. They set a "peer perform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $396.95.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total transaction of $16,895,450.00. Following the completion of the transaction, the chief executive officer directly owned 3,146,006 shares in the company, valued at $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares of the company's stock, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 184,598 shares of company stock worth $49,955,566 over the last three months. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD unveiled new Ryzen PRO 9000 workstation chips with 3D V-Cache, aimed at boosting performance for AI, simulation, and gaming, which could support client and gaming revenue later in 2026. Article: New Ryzen PRO 9000 Offerings Lift AMD's Client & Gaming: What's Ahead?
• Positive Sentiment: Multiple analysts raised price targets on AMD, including Bank of America’s move to $500 and Mizuho’s hike to $515, reinforcing the view that AI/server demand remains a strong tailwind. Article: Top Bank of America Analyst Raises AMD Stock Price Target – Here’s Why
• Positive Sentiment: Recent commentary says AMD is becoming a more important AI infrastructure player, helped by sizable customer wins and strong data-center revenue growth. Article: After AMD's Blowout Earnings Report, Is This AI Stock About to Enter the $1 Trillion Club?
• Positive Sentiment: UBS said AMD and Arm are continuing to gain server market share while Intel loses share, which supports the bull case for AMD’s core data-center business. Article: AMD and ARM Extend Server Market Gains While Intel Loses Share (AMD)
• Neutral Sentiment: Some analysts remain cautious on valuation, and Northland kept a Market Perform rating even while lifting some earnings estimates, suggesting expectations are already elevated.
• Negative Sentiment: Several articles warned that the semiconductor trade may be cooling after a strong run, with profit-taking and broad tech concentration risks potentially pressuring AMD shares.
• Negative Sentiment: One market piece flagged technical vulnerability in AMD alongside the broader VanEck Semiconductor ETF, hinting that short-term momentum could be vulnerable if sentiment weakens. Article: Advanced Micro Devices and Rambus Show Signs of Technical Vulnerability. Where Prices Could Be Headed.

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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