PFA Pension Forsikringsaktieselskab Invests $215.91 Million in Advanced Micro Devices, Inc. $AMD

Key Points

• PFA Pension opened a new stake in Advanced Micro Devices by buying 1,002,630 shares valued at about $215.91 million, making AMD its 21st-largest holding and representing ~0.06% of the company.
• AMD beat quarterly expectations with EPS $1.53 (vs. $1.32 est.) and revenue of $10.27 billion (up 34.1% YoY), but the stock trades at a lofty valuation (market cap ~$587.8B, PE ~136) and carries a consensus rating of "Moderate Buy" with a $300.05 price target.
• Large institutions aggressively added to AMD (Jennison, Wellington, Assenagon, Nordea and Vanguard among others), lifting institutional ownership to 71.34%, while corporate insiders sold roughly 304,672 shares (~$70.14M) over the past three months.

PFA Pension Forsikringsaktieselskab purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,002,630 shares of the semiconductor manufacturer's stock, valued at approximately $215,906,000. Advanced Micro Devices accounts for about 0.6% of PFA Pension Forsikringsaktieselskab's investment portfolio, making the stock its 21st biggest position. PFA Pension Forsikringsaktieselskab owned about 0.06% of Advanced Micro Devices at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMD. Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 181.6% in the fourth 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 during the period. Wellington Management Group LLP increased 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 worth $784,330,000 after purchasing an additional 3,735,807 shares during the period. Assenagon Asset Management S.A. increased 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 worth $1,283,096,000 after purchasing an additional 3,059,935 shares during the period. Nordea Investment Management AB increased its holdings in shares of Advanced Micro Devices by 203.7% in the third 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 during the period. Finally, Vanguard Group Inc. increased its holdings 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 purchasing an additional 2,525,109 shares during the period. 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: Riot Platforms expanded its AMD data‑center deal (adds ~25 MW / doubles contracted capacity), a visible commercial win that signals more data‑center GPU deployments for AMD and helped lift market enthusiasm. Riot jumps 10% as AMD signs additional 25 MW AI deployment: Q1 Earnings
• Positive Sentiment: Leaked timing for AMD’s Ryzen AI “halo” mini‑PC has driven retail and trader excitement around new product cadence and edge/desktop AI sales upside. AMD Stock Rallies as a Release Date for the Ryzen AI Halo PC Leaks
• Positive Sentiment: Coverage pieces (e.g., Forbes) argue AMD is breaking into Nvidia’s data‑center dominance, reinforcing a narrative of expanding GPU+CPU share in AI infrastructure. That narrative supports a higher long‑term multiple if AMD keeps winning design slots. AMD's AI Coup: Breaking The Nvidia Monopoly
• Positive Sentiment: Susquehanna and other bullish analyst notes ahead of earnings highlight growing data‑center demand and recommend buying before May 5, supporting short‑term momentum into AMD’s Q1 print. As Data Center Demand Grows, Susquehanna Says You Should Buy AMD Stock Before May 5
• Neutral Sentiment: Wall Street is split: several five‑star analysts are divided on valuation and near‑term upside even as the stock has rallied sharply, so guidance/metrics in AMD’s upcoming report will matter more than headlines. 5-Star Analysts Are Split on AMD as Stock Soars into Q1 Earnings
• Negative Sentiment: ARK Invest trimmed AMD from its ETF (Cathie Wood reallocated into Meta/Alphabet), signaling at least some active‑manager profit taking that can pressure the stock after a big run. Cathie Wood Loads Up on Meta, Alphabet Sells AMD
• Negative Sentiment: Schwab and other strategists warn the semiconductor group faces “overhead supply” risk after a near‑50% rally from March lows — a cautionary signal that a pullback or rotation is possible if earnings/guidance disappoint. Schwab Analyst: Chip Stocks Face ‘Overhead Supply’ Risk After 50% Rally Off March Lows
• Negative Sentiment: Royal Bank of Canada bumped its price target to $325 but kept a “sector perform” call; that TP sits below the current quote and can be read as a reminder of valuation risk if momentum fades. RBC Raises AMD Price Target to $325 (Benzinga)

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 7,500 shares of the firm's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the transaction, the executive vice president directly owned 129,598 shares of the company's stock, valued at approximately $26,550,742.26. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the firm's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares in the company, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 304,672 shares of company stock valued at $70,135,070 over the last three months. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMD shares. Benchmark reaffirmed a "buy" rating and issued a $325.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 25th. China Renaissance started coverage on Advanced Micro Devices in a research note on Tuesday, January 13th. They issued a "buy" rating and a $291.00 target price on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Phillip Securities raised Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Sunday, February 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $300.05.

Advanced Micro Devices Stock Up 1.7%

AMD opened at $360.54 on Friday. The stock has a market cap of $587.80 billion, a PE ratio of 136.05, a P/E/G ratio of 1.28 and a beta of 1.96. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52 week low of $96.88 and a 52 week high of $362.79. The business's fifty day simple moving average is $232.51 and its 200 day simple moving average is $228.24.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm had revenue of $10.27 billion for the quarter, compared to analysts' expectations of $9.65 billion. During the same period last year, the firm earned $1.09 earnings per share. The company's revenue for the quarter was up 34.1% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 5.82 earnings per share for the current fiscal year.

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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