Light Street Capital Management LLC Sells 109,751 Shares of Advanced Micro Devices, Inc. $AMD

Light Street Capital Management LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 50.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 109,500 shares of the semiconductor manufacturer’s stock after selling 109,751 shares during the period. Advanced Micro Devices makes up approximately 7.0% of Light Street Capital Management LLC’s investment portfolio, making the stock its largest position. Light Street Capital Management LLC’s holdings in Advanced Micro Devices were worth $63,610,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Cornerstone Financial Management LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Basepoint Wealth LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth about $30,000. Graney & King LLC acquired a new position in Advanced Micro Devices during the 1st quarter worth about $31,000. Finally, Main Street Group LTD purchased a new position in Advanced Micro Devices during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap
• Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership
• Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison
• Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding
• Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 241,203 shares of company stock valued at $114,011,942 over the last 90 days. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $465.58 on Friday. The company has a fifty day moving average of $505.66 and a two-hundred day moving average of $384.43. The company has a market capitalization of $760.05 billion, a PE ratio of 119.69 and a beta of 2.48. Advanced Micro Devices, Inc. has a 1 year low of $149.22 and a 1 year high of $584.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was up 50.1% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Analysts Set New Price Targets

AMD has been the topic of several research reports. BTIG Research raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, August 3rd. Rosenblatt Securities boosted their price target on shares of Advanced Micro Devices from $665.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson upped their price objective on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Seaport Research Partners upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $553.72.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.