Gotham Asset Management Adds $14M in Advanced Micro Devices, Inc. ($AMD)
Gotham Asset Management has increased its position in AMD, adding over 24,000 shares.
Key Points
- Gotham Asset Management boosted its AMD holdings by 24,312 shares, increasing its stake by 20% to 144,845 shares valued at $74 million.
- AMD shares traded near $511 with a market cap of $834 billion and a forward P/E of 39.04, reflecting its strong position in the semiconductor industry.
- Recent insider activity includes CEO Lisa Su selling shares, while analysts like Citigroup upgraded AMD to a 'buy' with a $575 target.
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Gotham Asset Management has significantly increased its stake in Advanced Micro Devices, Inc. (NasdaqGS: AMD) according to its latest Form 13F filing with the SEC. As of the reporting period, the firm added 24,312 shares, boosting its holdings by 20% to a total of 144,845 shares. The value of this position is approximately $74 million.
What Changed in Gotham Asset Management's AMD Position
Gotham Asset Management's recent move saw its AMD holdings rise from 120,533 shares to 144,845 shares. This increase of 24,312 shares represents a 20% growth in its position, reflecting a substantial investment in the semiconductor company.
Other Institutional Activity in AMD
In the same period, BlackRock, Inc. trimmed its AMD holdings by 1,954,524 shares, ending with 145,574,284 shares valued at about $29.6 billion. Vanguard Capital Management LLC maintained its position, holding 105,940,266 shares worth $21.5 billion. State Street Corp slightly reduced its stake by 148,056 shares to 74,771,220 shares, valued at $15.2 billion. In contrast, Geode Capital Management, LLC increased its stake by 2,206,241 shares, reaching 39,791,086 shares valued at $8.1 billion.
Advanced Micro Devices, Inc. Stock Up 21.3%
Shares of AMD traded near $511.12. The company boasts a market cap of $834 billion, with a P/E ratio of 171.67 and a forward P/E of 39.04, indicating robust investor expectations. AMD's beta is 2.49, showing higher volatility compared to the market. The stock's 52-week range is between $115.06 and $546.44, with moving averages at $380.75 (50-day) and $252.21 (200-day).
$AMD stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
AMD reported revenue of approximately $37.5 billion, with a growth rate of 37.8%. The company's net margin stands at 13.4%, and return on equity is 8.1%. Earnings per share were $2.98. The next earnings report is scheduled for May 5, 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 include CEO Lisa Su's planned sale of 125,000 shares at an average price of $460.69 on June 10, 2026. Additionally, Su sold 30,000 shares on June 12, 2026. Other notable sales include Nora Denzel's sale of 8,626 shares at $522 on June 2, 2026, and Forrest Eugene Norrod's planned sale of 19,487 shares at $431.40 on May 20, 2026.
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' with a price target of $575. B of A Securities maintained a 'buy' rating with a $560 target on June 11, 2026. Barclays and TD Cowen both maintained their 'buy' ratings with targets of $665 and $600, respectively, on June 1, 2026. The consensus recommendation is a 'strong buy' with a mean target price of $483.94 based on 48 analyst opinions.
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. is a global semiconductor company based in Santa Clara, California. It operates in sectors like data center, client and gaming, and embedded systems. AMD provides a wide range of products, including microprocessors, GPUs, and AI accelerators, serving various markets such as cloud service providers and system integrators. The company is led by CEO Dr. Lisa T. Su and employs approximately 31,000 people.
Bottom Line
Gotham Asset Management's increased stake in AMD underscores the fund's confidence in the company's growth prospects. As a leading player in the semiconductor industry, AMD's stock performance and financial metrics continue to attract institutional interest. It's important to note that 13F filings reflect holdings as of the reporting period and may not represent current positions.
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