Sumitomo Mitsui Trust Group Inc. Has $1.15 Billion Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Sumitomo Mitsui Trust Group trimmed its Q4 stake in AMD by 8% to 5,376,671 shares, a holding worth approximately $1.15 billion (about 0.33% of AMD) and the fund's 20th-largest position (~0.7% of its portfolio).
• Institutional ownership is high at 71.34%, and AMD is trading up ~3.5% with a $399.5B market cap and a consensus "Moderate Buy" target of $290.19, despite an elevated P/E of roughly 92.
• Insider sales continue: EVP Mark Papermaster sold 3,293 shares under a Rule 10b5‑1 plan, and insiders have sold 242,685 shares worth about $50.8 million over the last 90 days, a potential headline risk despite some routine/planned trades.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,376,671 shares of the semiconductor manufacturer's stock after selling 464,403 shares during the quarter. Advanced Micro Devices accounts for approximately 0.7% of Sumitomo Mitsui Trust Group Inc.'s portfolio, making the stock its 20th largest holding. Sumitomo Mitsui Trust Group Inc. owned about 0.33% of Advanced Micro Devices worth $1,151,468,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 2.4% during the 3rd quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer's stock worth $282,000 after acquiring an additional 40 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Advanced Micro Devices by 0.3% during the 3rd quarter. HBK Sorce Advisory LLC now owns 13,404 shares of the semiconductor manufacturer's stock worth $2,169,000 after acquiring an additional 43 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Advanced Micro Devices by 0.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,706 shares of the semiconductor manufacturer's stock worth $1,409,000 after acquiring an additional 43 shares during the last quarter. Moseley Investment Management Inc. boosted its holdings in Advanced Micro Devices by 0.5% during the 3rd quarter. Moseley Investment Management Inc. now owns 8,883 shares of the semiconductor manufacturer's stock worth $1,437,000 after acquiring an additional 44 shares during the last quarter. Finally, OneAscent Family Office LLC boosted its holdings in Advanced Micro Devices by 2.6% during the 3rd quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer's stock worth $284,000 after acquiring an additional 44 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 3,293 shares of Advanced Micro Devices stock in a transaction on Monday, April 6th. The stock was sold at an average price of $225.00, for a total transaction of $740,925.00. Following the sale, the executive vice president directly owned 1,294,466 shares in the company, valued at $291,254,850. The trade was a 0.25% decrease in their position. The transaction 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, SVP Ava Hahn sold 2,442 shares of the business's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $234.42, for a total value of $572,453.64. Following the completion of the sale, the senior vice president owned 16,359 shares in the company, valued at $3,834,876.78. This represents a 12.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 242,685 shares of company stock worth $50,757,308. 0.50% of the stock is owned by company insiders.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: TSMC’s strong Q1 revenue and reported surge in chip orders is being read as a leading indicator for AI silicon demand — a direct tailwind for AMD’s EPYC/GPU server exposure. Read More.
• Positive Sentiment: Sector AI rally: coverage shows investors rotating into multiple AI‑compute suppliers (including AMD) as the AI infrastructure narrative broadens beyond a single winner, supporting near‑term momentum. Read More.
• Positive Sentiment: Analyst and bank support: Bank of America and other shops are highlighting AMD as a top AI‑compute buy, and select boutiques have raised targets — this endorsement helps fuel demand from institutional and retail buyers. Read More.
• Positive Sentiment: Institutional positioning: filings show large holders adding or maintaining big stakes (Vanguard, State Street, etc.), which supports price stability and upside momentum. Read More.
• Neutral Sentiment: Upcoming earnings (May 5) — a concrete catalyst that could reinforce the rally if data‑center revenue surprises, or trigger volatility if guidance disappoints. Read More.
• Neutral Sentiment: Valuation debate: some outlets flag a rich forward P/E, prompting discussion about how much growth is already priced in — this creates mixed investor opinions on further near‑term upside. Read More.
• Negative Sentiment: Insider and high‑profile selling: executive sales (e.g., Mark Papermaster via a 10b5‑1 plan) and reports of large manager sell‑downs can create headline pressure despite being routine or planned. Read More. Read More.
• Negative Sentiment: Structural competition risk: analysis noting hyperscalers’ shift toward Arm/custom silicon remains a longer‑term headwind for x86‑dependent suppliers if cloud providers accelerate proprietary designs. Read More.

Analyst Ratings Changes

A number of research firms have issued reports on AMD. Citigroup cut their price objective on shares of Advanced Micro Devices from $260.00 to $248.00 and set a "neutral" rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $230.00 price objective on shares of Advanced Micro Devices in a report on Monday, March 16th. Roth Mkm reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Tuesday, February 24th. China Renaissance began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 13th. They set a "buy" rating and a $291.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $290.19.

Advanced Micro Devices Trading Up 3.5%

NASDAQ AMD opened at $245.04 on Friday. The stock has a market capitalization of $399.50 billion, a price-to-earnings ratio of 92.47, a PEG ratio of 0.91 and a beta of 1.96. Advanced Micro Devices, Inc. has a one year low of $83.75 and a one year high of $267.08. 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 fifty day moving average is $208.07 and its 200-day moving average is $217.38.

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