Advanced Micro Devices, Inc. $AMD Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.9% during the fourth quarter, HoldingsChannel reports. The fund owned 123,243 shares of the semiconductor manufacturer’s stock after buying an additional 8,981 shares during the period. Thornburg Investment Management Inc.’s holdings in Advanced Micro Devices were worth $26,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after acquiring an additional 2,525,109 shares during the period. State Street Corp grew its holdings in Advanced Micro Devices by 1.5% during the fourth quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock worth $16,044,712,000 after acquiring an additional 1,094,835 shares during the period. Geode Capital Management LLC boosted its position in Advanced Micro Devices by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after purchasing an additional 287,525 shares in the last quarter. Norges Bank purchased a new stake in Advanced Micro Devices during the fourth quarter worth $4,929,312,000. Finally, Amundi boosted its position in Advanced Micro Devices by 17.5% during the third quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer’s stock worth $2,181,937,000 after purchasing an additional 2,012,865 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

More Advanced Micro Devices News

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

• Positive Sentiment: Citi upgraded AMD to Buy and lifted its price target to $575, saying GPU upside and AI tailwinds are not fully reflected in the stock. Citi Calls AMD a Rising Force in the GPU Market, Upgrades Shares to Buy
• Positive Sentiment: Wolfe Research reiterated Outperform and said there is room for upside to consensus in 2026 and 2027, driven by CPU strength and potential new AI customer wins for AMD’s MI450 chips. Wolfe Research sees substantial upside to AMD estimates
• Positive Sentiment: AMD stock is being boosted by a broader semiconductor surge, with chip peers also rising as investors rotate into AI infrastructure and memory-related names. Why AI Chip Stocks NVDA, AMD, INTC, and AVGO Are Rising Today — June 15, 2026
• Positive Sentiment: Reports that AMD agreed to acquire MEXT, a memory-optimization software maker, are fueling optimism that its chips will perform better in AI workloads, which helped push the stock higher. AMD Stock Spikes after MEXT Deal to Improve Memory Performance in AI Chips
• Neutral Sentiment: Commentary around AMD flirting with a roughly $900 billion valuation highlights how far the stock has run and how much investor enthusiasm is already priced in. AMD flirts with a $900 billion valuation after beefing up its memory technology
• Neutral Sentiment: Coverage comparing AMD with Intel underscores that both are seen as AI data-center beneficiaries, but investors are still debating which chipmaker will emerge as the stronger long-term winner. AMD vs Intel: Both Are Positioned for AI Data Center Growth But There Will Be Only One Winner

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Raymond James Financial initiated coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. DA Davidson raised their target price on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Truist Financial set a $478.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Finally, Roth Mkm restated a “buy” rating and set a $500.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $428.65.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $547.26 on Tuesday. The firm has a market capitalization of $892.36 billion, a P/E ratio of 179.43, a PEG ratio of 1.50 and a beta of 2.50. The stock has a fifty day moving average price of $393.01 and a 200 day moving average price of $277.00. Advanced Micro Devices, Inc. has a 52 week low of $117.78 and a 52 week high of $558.37. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This trade represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 372,032 shares of company stock worth $158,658,616. Corporate insiders own 0.50% of the company’s stock.

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.