Sycomore Asset Management Purchases Shares of 67,942 Advanced Micro Devices, Inc. $AMD

Key Points

• Sycomore Asset Management bought a new position of 67,942 shares of AMD in Q3, worth about $11.38 million, making the stock 1.5% of its portfolio and its 21st-largest holding.
• Large institutional activity included Norges Bank's new ~$3.09 billion stake, Jennison's ~$626.8 million purchase and Wellington's 335.9% increase to 4.85 million shares, leaving roughly 71.34% institutional ownership of AMD.
• Insiders have been selling recently (CEO Lisa Su sold 85,000 shares for ~ $16.9M; insiders sold ~239,392 shares worth $50M in the last three months), even as AMD beat quarterly estimates (EPS $1.53 vs. $1.32; revenue $10.27B vs. $9.65B) and holds an average analyst rating of "Moderate Buy" with a $290.53 average price target.

Sycomore Asset Management purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,942 shares of the semiconductor manufacturer's stock, valued at approximately $11,380,000. Advanced Micro Devices accounts for 1.5% of Sycomore Asset Management's investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $3,094,662,000. Jennison Associates LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter worth $626,826,000. Wellington Management Group LLP raised its holdings in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer's stock valued at $784,330,000 after acquiring an additional 3,735,807 shares during the period. Nordea Investment Management AB raised its holdings in Advanced Micro Devices by 203.7% during the third quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer's stock valued at $631,892,000 after acquiring an additional 2,619,294 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in shares of Advanced Micro Devices by 56.0% in the second quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer's stock valued at $961,078,000 after acquiring an additional 2,430,533 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 7,500 shares of the business's stock in a transaction that occurred on 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 owned 129,598 shares of the company's stock, valued at approximately $26,550,742.26. The trade was a 5.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, the chief executive officer owned 3,146,006 shares in the company, valued at $625,331,612.62. The trade was a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 239,392 shares of company stock valued at $50,016,383. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price objective on Advanced Micro Devices from $260.00 to $255.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 4th. Mizuho boosted their price target on Advanced Micro Devices from $275.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, February 25th. Wedbush restated an "outperform" rating and issued a $290.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. UBS Group set a $310.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Finally, Citigroup reiterated a "neutral" rating on shares of Advanced Micro Devices in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $290.53.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $196.31 on Wednesday. The firm has a fifty day simple moving average of $215.31 and a two-hundred day simple moving average of $210.87. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $320.07 billion, a P/E ratio of 74.08, a PEG ratio of 0.74 and a beta of 1.98.

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

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Samsung MoU expands strategic ties for AI memory supply and explores foundry cooperation — strengthens AMD’s supply chain access for high‑bandwidth memory and could ease capacity constraints for Instinct accelerators. Samsung Elec and AMD sign MoU
• Positive Sentiment: Celestica collaboration to commercialize the "Helios" rack‑scale AI platform — a route‑to‑market play that pairs AMD Instinct accelerators with systems-level integration and third‑party manufacturing, improving cadence for large cloud customers. Celestica and AMD Announce Collaboration
• Positive Sentiment: Multi‑year IP license and settlement with Adeia removes a legal overhang and grants AMD additional semiconductor IP access — reduces execution risk around product development. AMD Ties Up With Adeia
• Positive Sentiment: Expanded manufacturing tie‑ups (Flex, Celestica) and analyst reiterations keep the AI growth narrative intact — supports capacity scaling for large cloud deployments and underpins bullish price targets from several firms. Assessing Flex Valuation After Expanded AMD Partnership
• Neutral Sentiment: Early RDNA 5 leaks/benchmarks hint at improved GPU performance — potentially positive for graphics and inference, but impact depends on final specs and design wins. Zen 6 / RDNA 5 Leak
• Neutral Sentiment: Royal Bank of Canada reaffirmed a "Sector Perform" rating with a $230 target — not a downgrade but a reminder some analysts see limited near‑term upside relative to elevated valuation. RBC Reaffirms Sector Perform
• Negative Sentiment: CEO Lisa Su sold 85,000 shares (~$16.9M) in early March — part of broader insider selling that can weigh on near‑term sentiment even if driven by diversification or tax planning. SEC filing: Insider Sale SEC Filing
• Negative Sentiment: Competitive pressure from Nvidia (GTC product roadmap, Vera Rubin platform, new chips) and macro volatility (oil‑driven market swings) keep execution and margin risk on the table — a potential drag if Nvidia announcements translate into faster customer adoption. Nvidia GTC 2026 Coverage

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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