Sumitomo Mitsui DS Asset Management Company 13F: Adds $4.2M to AMD Stake
Key Points
- Sumitomo Mitsui DS Asset Management boosted its Advanced Micro Devices stake by 6,793 shares, ending with 272,294 shares worth about $166.6 million in an October 20, 2026 filing.
- Advanced Micro Devices shares traded around $534.60 recently, sitting well above their 200-day moving average of $395.87 ahead of earnings on November 3, 2026.
- Several executives, including CEO Lisa T. Su, completed stock sales totaling thousands of shares between August and October 2026.
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Sumitomo Mitsui DS Asset Management Company grew its stake in Advanced Micro Devices, Inc. NASDAQ:AMD by 2.558559101472311% during the third quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 20, 2026. The institutional investor owned 265,501 shares of the semiconductor company before purchasing an additional 6,793 shares during the period. At the filing date, the total value of the holding reached $166,578,577.00. Advanced Micro Devices closed at $534.74 on the day of the filing.
AMD
Advanced Micro Devices, Inc.
What Changed in Sumitomo Mitsui DS Asset Management's Advanced Micro Devices Position
The fund expanded its holdings in the chip maker by adding 6,793 shares to bring its ending total to 272,294 shares. This increase lifted the overall value of the investment to $166,578,577.00 based on market prices at the time of the report.
Advanced Micro Devices, Inc. Stock Up 1.1%
Advanced Micro Devices shares recently traded around $534.60 as of October 21, 2026, which is about equal to the $534.74 close on the filing date. The stock sits about 35.0% above its 200-day moving average of $395.87 and trades 18.8% below its 52-week high of $658.52. The company carries a market capitalization of roughly $878.35 billion and a P/E ratio of 137.26.
Recent Earnings
Advanced Micro Devices generated $41.31 billion in trailing-twelve-month revenue with earnings of $3.92 per share. The company reported a net profit margin of 15.6% and a return on equity of 10.2%. Its next quarterly financial update is scheduled for release on November 3, 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.
Company insiders executed several transactions leading up to the filing. Chief Financial Officer Jean X Hu sold 15,000 shares on August 25, 2026, for a total value of about $7,111,160.00. Chief Executive Officer Lisa T Su sold 95,000 shares on September 10, 2026, valued at approximately $48,145,666.00. Officer Forrest Eugene Norrod sold 17,261 shares on September 15, 2026, worth $8,683,156.00, and followed up by selling another 17,262 shares on October 15, 2026, for about $9,333,585.00.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on the semiconductor producer ahead of the filing. On September 29, 2026, StoneX reiterated a buy rating with a target price of $685.00. Stifel maintained a buy rating on October 5, 2026, raising its target from $635.00 to $700.00. Citigroup maintained a buy rating on October 6, 2026, lifting its target from $575.00 to $800.00. Mizuho maintained an outperform rating on October 6, 2026, raising its target from $580.00 to $705.00. Wedbush reiterated an outperform rating with a $600.00 target on October 20, 2026. The stock carries a consensus strong buy rating from 51 analysts, with a mean price target of $627.65.
About Advanced Micro Devices
Advanced Micro Devices operates as a global semiconductor business, designing high-performance processors and graphics chips across data center, client, gaming, and embedded markets. Institutional interest from asset managers highlights ongoing participation in the hardware ecosystem as demand for advanced computing infrastructure grows.
Bottom Line
Investors will look toward the company's upcoming earnings report on November 3, 2026, for further updates on revenue growth and market share developments. Institutional filings will continue to provide a window into how major asset managers adjust their semiconductor holdings.
Related Filing Alerts
Source: Sumitomo Mitsui DS Asset Management Company's 13F filing on $AMD (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts