Jennison Associates LLC Has $5.79 Billion Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Jennison Associates increased its AMD stake by 5.8% in the second quarter, adding 545,575 shares to hold nearly 10 million shares worth approximately $5.79 billion. AMD represents about 3.5% of Jennison’s portfolio, while institutional investors collectively own 71.34% of the company.
• AMD reported strong quarterly results, with revenue rising 50.1% year over year to $11.54 billion and EPS of $1.66, exceeding analyst expectations. Shares were trading near $514, and analysts maintained a consensus “Moderate Buy” rating with an average price target of $546.87.
• AI-driven growth remains the central catalyst, supported by bullish analyst forecasts, new AI-model software support and a planned bond offering of up to $5 billion for infrastructure and partnerships. Key risks include AMD’s high valuation, potential additional leverage and intense competition from Nvidia.

Jennison Associates LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,972,952 shares of the semiconductor manufacturer's stock after buying an additional 545,575 shares during the quarter. Advanced Micro Devices makes up approximately 3.5% of Jennison Associates LLC's investment portfolio, making the stock its 8th largest position. Jennison Associates LLC owned approximately 0.61% of Advanced Micro Devices worth $5,793,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Advanced Micro Devices by 12.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer's stock worth $43,000 after acquiring an additional 24 shares during the period. Trust Co of the South raised its stake in Advanced Micro Devices by 1.5% in the 2nd quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer's stock valued at $1,014,000 after acquiring an additional 25 shares during the period. Beaird Harris Wealth Management LLC raised its stake in Advanced Micro Devices by 9.4% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer's stock valued at $169,000 after acquiring an additional 25 shares during the period. Veery Capital LLC lifted its holdings in Advanced Micro Devices by 1.0% during the 2nd quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer's stock valued at $1,622,000 after purchasing an additional 27 shares during the last quarter. Finally, Arlington Trust Co LLC lifted its holdings in Advanced Micro Devices by 3.3% during the 2nd quarter. Arlington Trust Co LLC now owns 915 shares of the semiconductor manufacturer's stock valued at $532,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Baird issued a highly bullish $1,250 price target, reinforcing the view that AMD’s AI accelerator and data-center businesses could expand substantially. Broadcom Sinks as AMD Climbs on Baird’s Call
• Positive Sentiment: AMD announced day-one support for the Qwen3.8 27B AI model, a development that may improve adoption of its chips and software among AI developers and data-center customers. AMD Supports Qwen3.8 27B AI Model
• Positive Sentiment: Bank of America raised its 2030 server-CPU market forecast to more than $210 billion from roughly $170 billion, citing demand from AI agents. AMD was identified as one of the bank’s preferred semiconductor investments. Bank of America Raises AI Chip Forecast
• Positive Sentiment: AMD is preparing a record bond offering of up to $5 billion to finance AI infrastructure, partnerships and other corporate needs. The funding could support its Helios platform and large customer commitments, including from Microsoft and AI companies. AMD Plans $5 Billion Bond Sale
• Neutral Sentiment: Institutional activity was mixed: Mirova disclosed a new AMD position worth approximately $145 million, while other funds reported reductions. Because these filings reflect holdings as of June 30, they provide limited insight into current positioning. Mirova Opens AMD Position
• Negative Sentiment: Risks include AMD’s demanding valuation, the added leverage from the bond sale and competitive pressure after reports that SpaceX plans to use Nvidia chips exclusively. Recent insider trading data also shows selling, although the reported sale by SVP Ava Hahn was made under a prearranged Rule 10b5-1 plan. SpaceX Selects Nvidia Exclusively

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Ava Hahn sold 143 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $474.75, for a total transaction of $67,889.25. Following the transaction, the senior vice president owned 17,644 shares in the company, valued at $8,376,489. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the transaction, the director directly owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 161,077 shares of company stock worth $74,732,145. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Up 6.5%

AMD opened at $514.39 on Friday. The stock has a fifty day moving average of $511.77 and a 200-day moving average of $367.48. The company has a market capitalization of $839.73 billion, a P/E ratio of 132.23 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. 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 (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate 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 business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the prior year, the company posted $0.48 earnings per share. Advanced Micro Devices's revenue was up 50.1% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $650.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Zacks Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Northland Securities reiterated a "market perform" rating and issued a $260.00 price target on shares of Advanced Micro Devices in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $546.87.

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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