Advanced Micro Devices (NASDAQ: AMD) has seen its stock trade around $155 in recent months, pushing its market cap close to $250 billion.
While the company continues to face competitive pressure in the semiconductor space, investor interest remains strong thanks to growth in AI, data centers, and high-performance computing.
Ownership data shows AMD is firmly in the hands of large institutional investors, with firms like Vanguard and BlackRock leading the pack.
At the same time, insider selling activity has picked up through 2025, with multiple Form 4 filings showing consistent stock-based compensation sales and no open-market buying.
Track the top holdings of the world’s smartest investors and top hedge funds. (It’s free) >>>
Who’s Betting Big on AMD? Institutional Giants Quietly Increase Stakes
AMD’s shareholder base remains firmly in the hands of America’s largest asset managers, and the recent filings show continued quiet accumulation, not rotation.
The Vanguard Group leads the charge with a 9.35% stake, owning over 151.6 million shares valued at approximately $26.1 billion. Vanguard added more than 2.1 million shares last quarter, reflecting steady conviction.
BlackRock follows with a 5.35% position, holding 86.8 million shares, while State Street sits close behind at 4.41% with 71.5 million shares. All three asset managers slightly increased their positions, modest but directional.
Geode Capital made a more notable move, boosting its stake by 3.13% to 36.2 million shares, or 2.23% of AMD. Norges Bank Investment Management was even more aggressive, lifting its holdings by 5.68% to 23.7 million shares.
While most top holders added shares, a few trimmed. Invesco sold 194,081 shares, lowering its stake by 0.58% to 33.3 million shares. Northern Trust reduced its holding by 2.86%, and Van Eck Associates cut back by 5.88%.
Despite minor selling from a few institutions, the net result is clear: the largest players on Wall Street are staying long and gradually adding to AMD as it continues to expand across data centers, AI, and custom chip design.
See whether AMD’s top shareholders are buying or selling today >>>
Why AMD Insiders Are Selling Shares
In recent months, AMD insiders have been actively selling shares, though the moves appear to be routine and don’t look to be tied to any shift in company fundamentals. None of these insiders reported any open-market buying.
Chief Technology Officer Mark Papermaster sold over 35,000 shares across multiple transactions in June and July 2025. In July, he offloaded more than 17,900 shares in batches priced between ~$153 and $157 per share. A month earlier, he sold exactly 17,500 shares at prices near $116. Most of these transactions appear to have been filed under pre-planned trading programs and do not signal major changes in ownership.
Other executives also sold shares. Philip Guido sold a total of 9,591 shares in June, while Director Elizabeth Vanderslice offloaded 15,137 shares that same month.
Despite the steady selling activity, each sale represented less than 0.01% of AMD’s shares outstanding. These moves appear more administrative and routine rather than looking like management is pessimistic about the business’s future.
See recent insider trade data for over 50,000 global stocks (It’s free) >>>
What the Ownership & Insider Trade Data Tell Us
AMD’s shareholder base is anchored by institutional giants and long-term capital allocators. Leading asset managers like Vanguard and BlackRock hold massive positions, with Geode Capital and Norges Bank steadily increasing their stakes in recent quarters.
Geode boosted its holdings by 3.13% to 36.2 million shares, now accounting for 2.23% of AMD. Norges Bank was even more aggressive, adding 5.68% to reach 23.7 million shares. These increases reflect growing conviction in AMD’s positioning in AI, data centers, and custom chip design.
A few institutions trimmed slightly. Invesco sold 194,081 shares, reducing its stake by (0.58%) to 33.3 million shares. Northern Trust cut its position by (2.86%) and Van Eck Associates pulled back by (5.88%).
Overall, the steady buying from major institutions suggests continued long-term confidence. AMD remains a core portfolio holding for many of Wall Street’s most influential firms, and recent activity reflects strategic accumulation, not retreat.
Wall Street Analysts Are Bullish on These 5 Undervalued Compounders With Market-Beating Potential
TIKR just released a new free report on 5 compounders that appear undervalued, have beaten the market in the past, and could continue to outperform on a 1-5 year timeline based on analysts’ estimates.
Inside, you’ll get a breakdown of 5 high-quality businesses with:
- Strong revenue growth and durable competitive advantages
- Attractive valuations based on forward earnings and expected earnings growth
- Long-term upside potential backed by analyst forecasts and TIKR’s valuation models
These are the kinds of stocks that can deliver massive long-term returns, especially if you catch them while they’re still trading at a discount.
Whether you’re a long-term investor or just looking for great businesses trading below fair value, this report will help you zero in on high-upside opportunities.
Click here to sign up for TIKR and get our full report on 5 undervalued compounders completely free.
