Advanced Micro Devices, Inc. $AMD Shares Acquired by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,922 shares of the semiconductor manufacturer’s stock after buying an additional 4,602 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Advanced Micro Devices were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc increased its holdings in shares of Advanced Micro Devices by 326.5% in the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock valued at $8,424,000 after purchasing an additional 39,861 shares during the last quarter. Waterfront Wealth Inc. acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $1,145,000. Global Retirement Partners LLC purchased a new position in shares of Advanced Micro Devices during the 2nd quarter worth $4,519,000. Cornercap Investment Counsel Inc. raised its holdings in shares of Advanced Micro Devices by 43.3% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after acquiring an additional 3,702 shares during the period. Finally, Swiss National Bank boosted its position in shares of Advanced Micro Devices by 7.5% during the 2nd quarter. Swiss National Bank now owns 4,917,975 shares of the semiconductor manufacturer’s stock valued at $697,861,000 after acquiring an additional 341,000 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Benchmark reiterated a Buy and $325 price target, forecasting “tens of billions” of AI revenue for AMD by 2027 — a bullish analyst view that supports higher long-term estimates for data‑center chip demand. Benchmark Sees Advanced Micro Devices (AMD) Generating Tens of Billions in AI Revenue by 2027
• Positive Sentiment: AMD will guarantee up to $300M in financing for Crusoe to buy AMD AI chips for a new Ohio data center — a direct demand-pull tactic (similar to NVIDIA’s moves) that accelerates large-scale deployments and supports near‑term sales. AMD to backstop $300 million Crusoe loan, the Information reports
• Positive Sentiment: AMD landed a big customer to supply AI chips for a 200MW data‑center project in India (Helios blueprint), adding a concrete design win and exposure to a fast‑growing market for on‑prem AI capacity. AMD Shareholders Received Amazing News From a Massive New Customer
• Positive Sentiment: AMD publicly pushed back on delay rumors, saying MI455X shipments remain on track for H2 2026 — that reduces uncertainty around product cadence and supports near‑term execution. AMD Responds to Rumors About Potential Delays
• Positive Sentiment: Institutional/active managers are buying: reports show ARK added AMD recently — flows from large funds can amplify positive momentum. Cathie Wood ARK Invest Buys Broadcom, AMD and Coinbase on February 17
• Neutral Sentiment: Industry context: commentators compare AMD vs Broadcom as long‑term winners; Broadcom’s diversification is cited as a durable advantage but AMD’s AI/data‑center momentum keeps it competitive. AMD vs. Broadcom: Which One Will Dominate the Next Decade?
• Neutral Sentiment: Macro/market placement: reports highlight large planned AI data‑center projects in India (OpenAI/Tata 1GW) that could expand total addressable market for chips — positive for the sector but timing/competitive share remains uncertain. After AMD, OpenAI Partners With Tata To Build Massive 1GW AI Data Center In India
• Negative Sentiment: Near‑term headwinds: social and analyst commentary point to a sharp pullback after conservative guidance (post‑earnings selloff) and significant insider selling flagged by data aggregators — factors that pressure sentiment and valuation multiples. AMD Stock (AMD) Opinions on Recent Earnings Report
• Negative Sentiment: Competitive risk: Nvidia’s expanding partnerships (e.g., Meta) highlight the risk of share erosion in certain CPU/GPU pairings — a sector‑level headwind for AMD where NVIDIA wins strategic cloud deals. Nvidia pushes into Intel and AMD’s turf with a ‘multigenerational’ Meta deal

Insider Activity at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,442 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $234.42, for a total value of $572,453.64. Following the transaction, the senior vice president owned 16,359 shares of the company’s stock, valued at $3,834,876.78. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the sale, the executive vice president directly owned 289,098 shares of the company’s stock, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 271,892 shares of company stock valued at $58,476,908 over the last quarter. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 1.6%

AMD stock opened at $203.37 on Friday. The company’s 50 day moving average price is $219.89 and its 200 day moving average price is $206.65. The firm has a market capitalization of $331.58 billion, a price-to-earnings ratio of 76.74, a PEG ratio of 0.75 and a beta of 1.94. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The company had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The firm’s revenue was up 34.1% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Loop Capital set a $290.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, November 5th. Wells Fargo & Company reiterated an “overweight” rating and issued a $345.00 price objective on shares of Advanced Micro Devices in a research report on Friday, January 30th. Truist Financial set a $283.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 4th. Finally, Raymond James Financial started coverage on shares of Advanced Micro Devices in a research report on Thursday, November 20th. They set an “outperform” rating and a $377.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $288.17.

Advanced Micro Devices 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.