Epoch Investment Partners Adds $48M in Advanced Micro Devices, Inc. ($AMD)
Epoch Investment Partners significantly raised its investment in AMD, adding 84,577 shares.
Key Points
- Epoch Investment Partners boosted its AMD holdings by 59.9%, adding 84,577 shares to reach a total of 225,822 shares.
- Shares of AMD traded at $547.26, with a market cap of $827.2 billion and a P/E ratio of 169.66.
- Analysts from Citigroup, Barclays, and others maintain a 'buy' rating on AMD with price targets up to $665.
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Epoch Investment Partners has increased its stake in Advanced Micro Devices, Inc. (NasdaqGS: AMD) by 59.9%, according to its latest 13F filing with the SEC. The investment firm added 84,577 shares during the period, bringing its total holdings to 225,822 shares, valued at approximately $123.6 million as of the filing date.
What Changed in Epoch Investment Partners' AMD Position
Epoch Investment Partners significantly boosted its position in AMD, adding 84,577 shares to its portfolio. This increase brought its total holdings to 225,822 shares, up from 141,245 shares previously. The value of this enhanced stake stands at about $123.6 million.
Other Institutional Activity in AMD
Several other major institutional investors have also adjusted their AMD holdings. BlackRock, Inc. reduced its position slightly by 1,954,524 shares, holding 145,574,284 shares valued at roughly $29.6 billion. Meanwhile, Vanguard Capital Management LLC made a new investment, acquiring 105,940,266 shares worth approximately $21.6 billion. State Street Corp trimmed its stake by 148,056 shares, ending with 74,771,220 shares valued at about $15.2 billion. Geode Capital Management, LLC increased its holdings by 2,206,241 shares, now holding 39,791,086 shares valued at $8.1 billion.
Advanced Micro Devices, Inc. Stock Up 20.0%
Shares of AMD traded near $547.26, reflecting a robust market capitalization of approximately $827.2 billion. The company has a P/E ratio of 169.66 and a forward P/E of 38.71, with a beta of 2.492, indicating high volatility. Over the past year, AMD's stock has ranged from a low of $125.77 to a high of $558.37. The stock's 50-day moving average is $399.12, and its 200-day moving average is $257.53.
$AMD stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
AMD reported revenue of $37.45 billion, with a revenue growth rate of 37.8%. The company's net margin stood at 13.37%, and it achieved a return on equity of 8.06%. Earnings per share were $2.99. The next earnings release is scheduled for 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 transactions at AMD include sales by key executives. Chair, President, and CEO Dr. Lisa Su sold 30,000 shares on June 12, 2026, and 125,000 shares on June 10, 2026, the latter being a planned sale at an average price of $460.69. Nora Denzel sold 8,626 shares on June 2, 2026, and 1,821 shares on May 29, 2026, at $522 per share. Forrest Eugene Norrod, EVP & GM DESG, sold 8,237 shares on May 20, 2026.
Analysts Set New Price Targets
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 on June 11, 2026, setting a target at $560. Barclays and TD Cowen also maintained 'buy' ratings with price targets of $665 and $600, respectively, on June 1, 2026. The consensus among analysts is a 'strong buy', with an average price target of $486.33 from 48 analyst opinions.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc., headquartered in Santa Clara, California, is a prominent player in the semiconductor industry. The company designs and manufactures a wide range of technology products, including microprocessors, graphics processors, and embedded systems. Under the leadership of CEO Dr. Lisa T. Su, AMD serves various sectors, including data centers, gaming, and embedded applications, boasting a workforce of 31,000 employees.
Bottom Line
Epoch Investment Partners' increase in AMD shares signals strong confidence in the semiconductor giant's future prospects. Investors closely follow such filings to gauge institutional sentiment, though it's important to remember that 13F filings reflect past positions and may not indicate current holdings. With AMD's strong market position and recent analyst endorsements, the company remains a significant focus in the tech sector.
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