Principal Financial Group Inc. Has $389.91 Million Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Principal Financial Group raised its stake in Advanced Micro Devices by 3.1% to 1,820,652 shares, valued at about $389.91 million (roughly a 0.11% ownership position).
• AI/data‑center demand is driving positive momentum—customer wins and analyst previews point to potential Q1 upside—but supply‑chain packaging bottlenecks, valuation concerns and elevated options‑implied volatility mean large short‑term swings are likely around upcoming earnings.
• Notable insider selling has occurred recently (e.g., Mark Papermaster and CEO Lisa Su), with insiders selling ~304,672 shares worth $70.1M over the past three months, while institutional investors hold about 71.34% of the stock.

Principal Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,820,652 shares of the semiconductor manufacturer's stock after buying an additional 54,470 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Advanced Micro Devices worth $389,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMD. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Koesten Hirschmann & Crabtree INC. grew its position in shares of Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. ORG Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Key Capital Management INC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $38,000. Finally, PFS Partners LLC grew its position in shares of Advanced Micro Devices by 269.2% in the fourth quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer's stock valued at $41,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Key Advanced Micro Devices News

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

• Positive Sentiment: Major customer and partner traction in AI/data center deployments supports revenue growth prospects — Zyphra announced Zyphra Cloud powered by AMD Instinct MI355X GPUs, which validates demand for AMD accelerators. Zyphra and AMD Partner to Power Zyphra Cloud on AMD Instinct™ MI355X GPUs
• Positive Sentiment: Expanded commercial footprint with data-center customers — reports show AMD doubled a data-center deal in the Denver area, signaling more capacity commitments that could lift Data Center revenue if supply keeps pace. AMD doubles data center footprint in deal with Denver-area company
• Positive Sentiment: Analysts and previews expect strong Data Center results driven by EPYC/Instinct demand — previews highlight the potential for Q1 upside from AI-driven server and GPU sales. Can Strong Data Center Revenues Boost AMD's Topline in Q1 Earnings?
• Neutral Sentiment: Big earnings event and macro calendar — AMD reports Q1 after the close tomorrow; broad market and Fed speakers mean higher event-driven volatility and options-implied moves are pricing that in. AMD and Pfizer earnings, job openings, Fedspeak: What to Watch
• Neutral Sentiment: Options/volatility and investor positioning are elevated — traders are pricing a large post-earnings move, making short-term swings likely regardless of results. AMD Stock Options Traders Are Pricing In a Whopping $55B Price Swing after Earnings
• Negative Sentiment: Analyst downgrade and valuation concerns pressured the stock — HSBC cut AMD to Hold citing limited upside after a big rally, prompting selling into the earnings run-up. AMD stock slips as HSBC downgrade flags valuation concerns ahead of earnings
• Negative Sentiment: Supply-chain and production limits are a near-term cap on upside — in-depth coverage warns CoWoS packaging bottlenecks and high multiples increase downside risk if AMD can’t quickly scale shipments. The Great Chip Divide: AI Chip War Pivots from Hype to Execution (MarketBeat overview)
• Negative Sentiment: Notable insider/investor selling adds selling pressure — high-profile trims (including institutional moves and reported sales by some investors) feed concerns about near-term profit-taking. Cathie Wood Sheds Over $70M in AMD Stock, While Wall Street Remains Divided Ahead of Q1 Results

Advanced Micro Devices Trading Down 5.3%

Shares of NASDAQ:AMD opened at $341.54 on Tuesday. The company has a market capitalization of $556.83 billion, a P/E ratio of 128.88, a P/E/G ratio of 1.30 and a beta of 2.40. Advanced Micro Devices, Inc. has a 1 year low of $96.88 and a 1 year high of $362.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01. The business's 50 day simple moving average is $232.51 and its 200 day simple moving average is $228.39.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping 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 firm's quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 5.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares of the company's stock, valued at $432,612,950. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 304,672 shares of company stock worth $70,135,070. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMD. Susquehanna upped their target price on Advanced Micro Devices from $300.00 to $375.00 and gave the company a "positive" rating in a research report on Wednesday, April 29th. Benchmark reaffirmed a "buy" rating and issued a $325.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. DA Davidson raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and upped their target price for the company from $220.00 to $375.00 in a research report on Friday, April 24th. Truist Financial set a $283.00 target price on Advanced Micro Devices in a research report on Wednesday, February 4th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $303.84.

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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