Fisher Asset Management 13F: Cuts AMD Stake by $5.3M
Fisher Asset Management cut its AMD stake by 9,314 shares, now holding 615,113 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Fisher Asset Management sold 9,314 shares from its stake in Advanced Micro Devices, Inc. ($AMD), a 1.49% decrease, according to a 13F filing with the SEC dated May 5, 2026. It reported 615,113 shares worth $347.47 million at the end of the quarter.
Since the filing, $AMD is up 26.2% after 1 week, up 47.3% after 1 month and up 48.8% to date (from the $355.26 close on May 5, 2026).
Find the original: Fisher Asset Management 13F filings on SEC EDGAR
AMD
Advanced Micro Devices, Inc.
Key Points
- Fisher Asset Management trimmed its Advanced Micro Devices, Inc. stake by 9,314 shares, a 1.49% decrease, ending with 615,113 shares valued at $336.6 million.
- Advanced Micro Devices, Inc. has a market cap of $827.2 billion, a P/E ratio of 169.66, and a 52-week high of $558.37.
- Analysts like Citigroup and B of A Securities recently set new price targets for AMD, with Citigroup upgrading to a buy rating and a target of $575.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Advanced Micro Devices, Inc. alert may contain errors. Disclosures
Fisher Asset Management has trimmed its stake in Advanced Micro Devices, Inc. (NasdaqGS: AMD). The firm reduced its holdings by 9,314 shares, which is a 1.49% decrease, leaving it with 615,113 shares valued at about $336.6 million. This adjustment was disclosed in the latest Form 13F filing with the SEC, reflecting holdings as of the reporting period.
What Changed in Fisher Asset Management's AMD Position
Fisher Asset Management's recent move saw its AMD holdings drop from 624,427 shares to 615,113 shares. This reduction of 9,314 shares represents a 1.49% decrease in its position, valued at approximately $336.6 million.
Other Institutional Activity in AMD
In other institutional activity, BlackRock, Inc. reduced its AMD holdings by 1,954,524 shares, ending with 145,574,284 shares worth around $29.6 billion. Vanguard Capital Management LLC added 105,940,266 shares, bringing its total to the same number with a value of $21.6 billion. State Street Corp trimmed its position by 148,056 shares, now holding 74,771,220 shares valued at $15.2 billion. Meanwhile, Geode Capital Management, LLC increased its stake by 2,206,241 shares to hold 39,791,086 shares worth about $8.1 billion. Price T Rowe Associates Inc /MD/ also added significantly, with an increase of 8,521,182 shares, totaling 28,846,470 shares valued at $5.9 billion.
Advanced Micro Devices, Inc. Stock Down 1.0%
Shares of AMD traded near $547.26. The company boasts a market cap of approximately $827.2 billion and a P/E ratio of 169.66. Its forward P/E is 38.71, and it has a beta of 2.492, indicating higher volatility compared to the market. The stock's 52-week range spans from $125.77 to $558.37, with a 50-day moving average of $399.12 and a 200-day moving average of $257.53.
Recent Earnings
AMD reported revenue of $37.45 billion with a growth rate of 37.8%. The company's earnings per share (EPS) is $2.99, and it maintains a net margin of 13.37% with a return on equity (ROE) of 8.06%. The next earnings report is expected on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
21 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 4.8%. Revenue beat estimates by 2.6%.
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Profit surprise
EBITDA missed by 4 percent. Operating income missed by 32 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 upgrades, 2 downgrades, 21 target raises.
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Earnings quality
Gross margin up 2.6 points. Operating margin up 3.6 points. Positive free cash flow.
Earnings Call Summary
AMD reported outstanding first quarter results with $10.3 billion in revenue, up 38 percent year over year. Data center revenue surged 57 percent driven by strong demand for EPYC server CPUs and Instinct GPUs. Management emphasized that Agentic AI and inference workloads are driving substantially higher CPU demand than expected, requiring more compute than prior models. Free cash flow nearly tripled to $2.6 billion, and operating margin expanded to 25 percent, showing strong operational leverage as the business scales into AI infrastructure.
Guidance AMD guided next quarter revenue to about $11.2 billion, up 46 percent year over year. Management raised full year data center CPU growth forecast to over 70 percent, driven by strong Agentic AI demand. They also raised the long-term server CPU market size forecast to over $120 billion by 2030, from $60 billion announced in November.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Advanced Micro Devices, Inc.
Recent insider activity at AMD includes several sales. Chair, President & CEO Lisa Su sold 30,000 shares on June 12, 2026, and a planned sale of 125,000 shares at an average price of $460.69 on June 10, 2026. Nora Denzel sold 8,626 shares at $522 on June 2, 2026, and 1,821 shares at the same price on May 29, 2026. Forrest Eugene Norrod, EVP & GM DESG, sold 8,237 shares on May 20, 2026, along with a planned sale of 19,487 shares at $431.40.
Analysts Set New Price Targets
Analysts have been active in setting new price targets for AMD. On June 12, 2026, Citigroup upgraded AMD to a buy rating with a price target of $575. B of A Securities maintained its buy rating with a target of $560 on June 11, 2026. Barclays, TD Cowen, and Mizuho all maintained buy ratings with targets of $665, $600, and $615, respectively, on June 1, 2026. The consensus among 48 analysts is a strong buy, with a mean price target of $486.33.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. is a technology company based in Santa Clara, California. It operates in the semiconductor industry, focusing on developing high-performance computing and visualization products. The company offers a wide range of products including microprocessors, graphics processing units (GPUs), and system-on-chip (SoC) solutions. Led by CEO Dr. Lisa T. Su, AMD serves a global customer base, including original equipment manufacturers and cloud service providers.
Bottom Line
Fisher Asset Management's recent trimming of its AMD stake is a notable development for investors tracking institutional activity. The 13F filing reflects the firm's position as of the reporting period and may not represent its current holdings. AMD remains a significant player in the semiconductor industry, with recent analyst upgrades highlighting continued interest in the company's stock.
Related Filing Alerts
Source: Fisher Asset Management's 13F filing on $AMD (May 5, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Fisher Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts