Verition Fund Management 13F: Cuts AMD Stake by $78M

Verition Fund Management Cuts AMD Stake

Verition Fund Management reduced its holdings in Advanced Micro Devices, Inc. NasdaqGS:AMD by 75.6% during the reporting period, according to a recent Form 13F filing with the U.S. Securities and Exchange Commission. The fund sold 138,571 shares of the semiconductor company, leaving it with 44,620 shares. The remaining stake carried a reported value of about $25.2 million at the end of the period. Institutional filings like this one look backward at a prior quarter and may not reflect the fund's current holdings today.

Advanced Micro Devices, Inc. Stock Valuation and Performance

Advanced Micro Devices, Inc. shares trade around $564.89, giving the company a market capitalization of roughly $917.8 billion. The stock's price sits well above its 200-day moving average of $392.68 and close to its 50-day moving average of $536.35. The company currently carries a price-to-earnings ratio of 143.4, with a forward P/E of 35.7 based on expected future earnings.

Analysts Set New Price Targets

Wall Street firms continue to monitor the chipmaker closely, with several updates arriving in late September and early October 2026. On October 6, 2026, Citigroup maintained its buy rating on the stock and raised its price target to $800.00 from $575.00. On the same day, Mizuho maintained an outperform rating and lifted its target to $705.00 from $580.00. Shortly before that, on October 5, 2026, Stifel kept a buy rating while moving its target up to $700.00 from $635.00. StoneX reiterated a buy rating at a target of $685.00 on September 29, 2026, and Rosenblatt maintained a buy rating with a $700.00 target on the same day. Overall, the stock holds a consensus recommendation key of strong_buy across fifty analyst opinions, with a mean price target of $636.21.

Inside the Semiconductor Business

Advanced Micro Devices designs high-performance processors, graphics chips, and other semiconductor products for data centers, personal computers, and gaming hardware. The Santa Clara, California-based firm competes across major computing markets against rivals like Intel and Nvidia. Institutional portfolio adjustments like Verition's offer a look at how professional money managers rebalance large technology holdings as valuations shift.

Looking Ahead for Shareholders

Investors tracking Advanced Micro Devices will want to note the next scheduled earnings release, which falls on November 3, 2026. Additional Form 13F filings in upcoming reporting cycles will show whether other institutional managers follow Verition's lead or continue adding to their positions. As always, quarterly filings capture a snapshot in time and do not constitute investment advice.