Intech Investment Management Adds $15M in Advanced Micro Devices, Inc. ($AMD)

Intech Investment Management has significantly boosted its stake in Advanced Micro Devices, Inc. (NasdaqGS: AMD), according to the latest Form 13F filing with the SEC. The firm increased its holdings by 31.97%, adding 29,900 shares. This brings its total to 123,418 shares, valued at approximately $63.08 million as of the reporting period.

What Changed in Intech Investment Management's AMD Position

Intech Investment Management's move to increase its position in AMD reflects a substantial growth from 93,518 shares to 123,418 shares, marking an addition of 29,900 shares. The value of this position is now approximately $63.08 million, highlighting a 31.97% increase in their stake.

Other Institutional Activity in AMD

Several other institutional investors have also been active in AMD. BlackRock, Inc. reduced its holdings by 1,954,524 shares, ending with 145,574,284 shares valued at about $29.61 billion. Vanguard Capital Management LLC made a significant addition, acquiring 105,940,266 shares, bringing its total to the same number, worth approximately $21.55 billion. Geode Capital Management, LLC added 2,206,241 shares, increasing its stake to 39,791,086 shares valued at $8.08 billion. Meanwhile, State Street Corp slightly trimmed its holdings by 148,056 shares, maintaining 74,771,220 shares worth $15.21 billion.

AMD Stock Snapshot

Shares of AMD traded near $511.12 recently. The company boasts a market cap of $834.17 billion and a P/E ratio of 169.39, with a forward P/E of 39.04. AMD's beta is 2.492, indicating higher volatility compared to the market. The stock's 52-week range is between $117.78 and $546.44. It has a 50-day moving average of $386.78 and a 200-day moving average of $253.93.

Recent Earnings

AMD reported revenue of $37.45 billion, with a growth rate of 37.8%. The company achieved a net margin of 13.37% and a return on equity of 8.06%. The next earnings report is scheduled for May 5, 2026.

Insider Buying and Selling at Advanced Micro Devices, Inc.

Several insiders have been selling AMD shares recently. CEO Dr. Lisa Su sold 125,000 shares at an average price of $460.69 on June 10, 2026, as part of a planned transaction. On June 12, Dr. Su also sold 30,000 shares. Nora Denzel sold 8,626 shares on June 2 at $522, and Forrest Eugene Norrod, EVP & GM DESG, sold 19,487 shares at $431.40 on May 20 in a planned sale.

Analysts Set New Price Targets

On June 12, 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. Barclays, TD Cowen, and Mizuho also maintained buy ratings with targets of $665, $600, and $615, respectively. The consensus among analysts is a strong buy, with a mean price target of $483.94 based on 48 opinions.

About Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc. is a leading semiconductor company based in Santa Clara, California. It operates in the technology sector, focusing on semiconductors. The company offers a wide range of products, including microprocessors, GPUs, and AI accelerators. AMD serves various markets, including data centers, gaming, and embedded systems. Led by CEO Dr. Lisa T. Su, the company employs around 31,000 people.

Bottom Line

Intech Investment Management's substantial increase in AMD shares demonstrates confidence in the company's future prospects. As a prominent player in the semiconductor industry, AMD remains a focal point for investors and analysts alike. While the 13F filing gives insight into past holdings, it may not reflect current positions. Investors often track such filings to gauge institutional sentiment.