Kesler Norman & Wride LLC Increases Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Institutional investors are adding to AMD. Kesler Norman & Wride LLC boosted its AMD stake by 56.4% in the fourth quarter, and several other large funds also increased holdings, with institutional ownership reported at 71.34%.
• Wall Street remains bullish on the stock. Analysts have been raising price targets, including KeyCorp and Benchmark, and AMD now carries a consensus rating of Moderate Buy with an average target price of $419.86.
• AMD reported strong earnings and continued AI/data-center momentum. The company beat quarterly EPS and revenue estimates, while recent news highlighted production ramp-up for its 2nm EPYC “Venice” server chip and deeper involvement in AI networking through DriveNets.

Kesler Norman & Wride LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 56.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,325 shares of the semiconductor manufacturer's stock after purchasing an additional 7,688 shares during the period. Kesler Norman & Wride LLC's holdings in Advanced Micro Devices were worth $4,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Norges Bank purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $4,929,312,000. Jennison Associates LLC lifted its holdings in shares of Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer's stock valued at $2,336,552,000 after purchasing an additional 7,035,991 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Advanced Micro Devices by 335.9% in 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 purchasing an additional 3,735,807 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Advanced Micro Devices by 104.4% in the 4th 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 during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after purchasing an additional 2,525,109 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. KeyCorp boosted their target price on Advanced Micro Devices from $330.00 to $530.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. Phillip Securities raised Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Sunday, February 8th. Northland Securities reissued a "market perform" rating and issued a $260.00 target price on shares of Advanced Micro Devices in a report on Monday, April 27th. Roth Mkm reissued a "buy" rating and issued a $500.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Finally, Benchmark boosted their target price on Advanced Micro Devices from $325.00 to $485.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $419.86.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD’s latest catalyst is the ramp of its 2nm EPYC “Venice” server processor production, which reinforces the company’s role in the data-center AI buildout and supports the bullish move in the shares. Why Advanced Micro Devices (AMD) Is Up 10.4% After Launching 2nm EPYC Venice Production
• Positive Sentiment: AMD also gained attention after joining DriveNets’ $410 million funding round, signaling further investment in AI networking infrastructure and broadening its exposure beyond chips alone. AMD Joins DriveNets Funding Round
• Positive Sentiment: A top Cowen analyst reiterated a bullish stance after meeting with CEO Lisa Su, which adds to investor confidence that AMD’s AI and server roadmap remains compelling. Top Cowen Analyst Pounds the Table on AMD Stock After Meeting With Lisa Su
• Neutral Sentiment: AMD presented at the Bank of America 2026 Global Technology Conference, but no major new financial guidance or product surprise was highlighted in the transcript. Advanced Micro Devices, Inc. (AMD) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Director Nora Denzel disclosed two recent stock sales, including a larger June 2 transaction, which can weigh on sentiment because insider selling sometimes signals caution or profit-taking after a sharp rally. SEC Form 4 filing
• Negative Sentiment: AMD also faces renewed competition after Nvidia’s new RTX Spark PC chip announcement sparked rotation away from AMD and pressured semiconductor peers, raising concerns about market-share competition in PCs and AI devices. NVIDIA Sends Message With RTX Spark: This is What it Says

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares of the company's stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company's stock, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 339,532 shares of company stock worth $119,504,341. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Up 2.2%

AMD opened at $521.54 on Wednesday. The business has a 50 day moving average price of $333.88 and a two-hundred day moving average price of $257.70. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The company has a market cap of $850.42 billion, a PE ratio of 171.00, a P/E/G ratio of 1.50 and a beta of 2.50. Advanced Micro Devices, Inc. has a 52 week low of $113.28 and a 52 week high of $527.20.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company's revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

About Advanced Micro Devices

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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