Legal & General Group Plc Increases Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Legal & General raised its stake in Advanced Micro Devices by 1.7% in Q3 to 11,579,113 shares (about 0.71% of AMD), valued at roughly $1.87 billion after purchasing 191,590 shares.
• Institutional positioning is significant—hedge funds and other institutions own 71.34% of AMD, with large moves including Norges Bank's new ~$3.09 billion position and Vanguard holding 154.65 million shares; analysts carry a "Moderate Buy" consensus with an average price target of about $290.53.
• Company catalysts include an IP-license settlement with Adeia that clears a legal overhang and supports AMD’s 3D V‑Cache/hybrid bonding roadmap, expansion of the Ryzen AI desktop lineup, and a recent quarter where AMD beat estimates (EPS $1.53 vs. $1.32; revenue $10.27B vs. $9.65B).

Legal & General Group Plc grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,579,113 shares of the semiconductor manufacturer's stock after buying an additional 191,590 shares during the period. Legal & General Group Plc owned 0.71% of Advanced Micro Devices worth $1,873,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Advanced Micro Devices during the second quarter valued at $3,094,662,000. Jennison Associates LLC bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $626,826,000. Nordea Investment Management AB lifted its stake in Advanced Micro Devices by 203.7% in the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer's stock worth $631,892,000 after purchasing an additional 2,619,294 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 56.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer's stock valued at $961,078,000 after purchasing an additional 2,430,533 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer's stock valued at $21,944,673,000 after purchasing an additional 2,281,508 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD and Adeia settle litigation and sign a multi‑year IP license, removing legal overhang and securing access to Adeia’s semiconductor IP (supports AMD’s 3D V‑Cache and hybrid bonding roadmap). Read More.
• Positive Sentiment: Coverage and market headlines (Benzinga) highlight that the settlement unlocks next‑gen chip tech, a near‑term catalyst cited by traders for the rebound. Read More.
• Positive Sentiment: AMD expanded its Ryzen AI desktop lineup (Ryzen AI 400 / Pro 400), strengthening product roadmap for AI PCs and bolstering long‑term CPU/AI revenue potential. Read More.
• Positive Sentiment: Institutional buying: Ark Invest added AMD across funds in February, a vote of confidence that can support demand and sentiment among growth investors. Read More.
• Neutral Sentiment: Prominent investors and outlets are re‑weighing Nvidia vs. AMD for AI exposure; commentary (e.g., Ken Fisher) signals continued interest but also valuation scrutiny across the AI chip space. Read More.
• Neutral Sentiment: Short‑interest data reported today appears to contain a data anomaly (zeros/NaN); not a reliable signal for positioning. (Market data note)
• Negative Sentiment: U.S. policymakers are considering new AI chip export rules that could tie shipments to foreign investment in U.S. data centers — a regulatory uncertainty that could constrain international sales or complicate customer engagement. Read More.
• Negative Sentiment: Geopolitical/supply‑chain risk: coverage of the Iran conflict highlights potential semiconductor supply chain disruptions that could pressure the sector, including AMD. Read More.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $210.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, February 25th. Citigroup reissued a "neutral" rating on shares of Advanced Micro Devices in a research note on Thursday, January 15th. Raymond James Financial started coverage on Advanced Micro Devices in a report on Thursday, November 20th. They set an "outperform" rating and a $377.00 price target for the company. Truist Financial set a $283.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 4th. Finally, UBS Group set a $310.00 price objective on Advanced Micro Devices in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $290.53.

Advanced Micro Devices Trading Up 5.3%

AMD opened at $202.68 on Tuesday. The stock has a 50-day moving average of $217.52 and a 200 day moving average of $209.49. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The firm has a market cap of $330.45 billion, a P/E ratio of 76.48, a P/E/G ratio of 0.72 and a beta of 1.98.

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

Insider Activity

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,442 shares of Advanced Micro Devices stock in a transaction on Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the completion of the transaction, the senior vice president directly owned 16,359 shares of the company's stock, valued at $3,834,876.78. The trade was a 12.99% 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. Also, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares of the company's stock, valued at $62,679,337.38. The trade was a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 271,892 shares of company stock valued at $58,476,908. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Company 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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