Salem Investment Counselors Trims Stake in Advanced Micro Devices

Semiconductor manufacturer remains a top holding despite slight reduction in shares

Mar. 24, 2026 at 11:18am

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Salem Investment Counselors Inc. lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.9% during the 4th quarter, according to a recent SEC filing. The investment firm still holds a significant position of 263,263 shares in the semiconductor manufacturer, which accounts for about 1.6% of its total holdings.

Why it matters

Advanced Micro Devices is a major player in the semiconductor industry, providing processors and graphics cards for a variety of applications. Changes in ownership by large institutional investors like Salem Investment Counselors can provide insights into market sentiment around the company.

The details

According to the filing, Salem Investment Counselors sold 2,520 shares of AMD stock during the fourth quarter. The firm still maintains a large position in the company, with the AMD shares valued at $56.38 million as of the end of 2025. Advanced Micro Devices has been a top-15 holding for Salem Investment Counselors for some time.

  • The share sale occurred during the fourth quarter of 2025.

The players

Salem Investment Counselors Inc.

An investment management firm based in Salem, Oregon that oversees over $3 billion in client assets.

Advanced Micro Devices, Inc.

A global semiconductor company that designs and sells microprocessors, graphics processors, and other computing solutions.

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The takeaway

While Salem Investment Counselors reduced its position in AMD slightly, the semiconductor manufacturer remains a significant holding for the firm. This suggests continued confidence in AMD's long-term prospects, despite some short-term market volatility.