BlackRock Amends AMD Stake: Passive Ownership Update

Ticker: AMD · Form: SC 13G/A · Filed: 2024-02-01T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, semiconductors

Related Tickers: AMD, BLK

TL;DR

**BlackRock still owns a big chunk of AMD, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on February 1, 2024, indicating its ownership of Advanced Micro Devices Inc. (AMD) common stock as of December 31, 2023. This amendment, number 8, shows BlackRock's updated passive stake in AMD. For investors, this filing confirms that a major institutional investor like BlackRock continues to hold a significant position in AMD, which can be seen as a vote of confidence in the company's future performance.

Why It Matters

This filing shows BlackRock, a major institutional investor, continues to hold a significant passive stake in AMD, signaling ongoing institutional confidence in the semiconductor company.

Risk Assessment

Risk Level: low — This is a routine update from a passive investor and does not indicate any immediate risk or change in company fundamentals.

Analyst Insight

Investors should note BlackRock's continued passive stake in AMD as a sign of institutional stability, but this filing alone doesn't suggest any immediate buy or sell action.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8)' sections.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA' section.

What company's securities are being reported on?

The securities of Advanced Micro Devices Inc. are being reported on, as indicated by 'ADVANCED MICRO DEVICES INC (Name of Issuer)' and in the 'SUBJECT COMPANY: COMPANY DATA' section.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.

What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)' in the filing.

From the Filing

0001086364-24-006081.txt : 20240201 0001086364-24-006081.hdr.sgml : 20240201 20240201103818 ACCESSION NUMBER: 0001086364-24-006081 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED MICRO DEVICES INC CENTRAL INDEX KEY: 0000002488 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 941692300 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-07443 FILM NUMBER: 24585445 BUSINESS ADDRESS: STREET 1: 2485 AUGUSTINE DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: (408) 749-4000 MAIL ADDRESS: STREET 1: 2485 AUGUSTINE DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0079031078_020124.txt us0079031078_020124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) ADVANCED MICRO DEVICES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 007903107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 007903107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 113150136 (6) Shared voting power 0 (7) Sole dispositive power 124945206 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 124945206 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.7% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ADVANCED MICRO DEVICES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2485 AUGUSTINE DRIVE SANTA CLARA CA 95054 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence:

View on Read The Filing