Advanced Micro Devices, Inc. $AMD Shares Sold by Light Street Capital Management LLC

Key Points

• Light Street Capital cut its AMD stake by 14.2% to 251,113 shares (about $40.6M), while other large institutions (Vanguard, State Street, Norges Bank, Amundi, Invesco) generally increased holdings and institutional ownership stands at ~71.3%.
• Corporate insiders have been selling: CEO Lisa Su sold 85,000 shares (~$16.9M) and insiders sold a total of 239,392 shares (~$50M) in the last quarter, a development cited as a potential near‑term sentiment headwind.
• AMD reported a strong quarter (EPS $1.53 vs. $1.32 expected; revenue $10.27B, up 34.1% YoY) and retains a bullish analyst backdrop with a consensus rating of “Moderate Buy” and a consensus target price of about $290.53, supported by AI/data‑center catalysts like the Celestica partnership, Adeia settlement and eased export rules.

Light Street Capital Management LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251,113 shares of the semiconductor manufacturer's stock after selling 41,675 shares during the period. Advanced Micro Devices comprises approximately 6.8% of Light Street Capital Management LLC's holdings, making the stock its 4th largest holding. Light Street Capital Management LLC's holdings in Advanced Micro Devices were worth $40,628,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 155,997,751 shares of the semiconductor manufacturer's stock valued at $25,238,876,000 after buying an additional 1,348,892 shares during the period. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 0.8% in the 2nd quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer's stock worth $10,226,628,000 after purchasing an additional 581,330 shares during the last quarter. Norges Bank acquired a new position in Advanced Micro Devices during the 2nd quarter valued at approximately $3,094,662,000. Amundi boosted its position in Advanced Micro Devices by 17.5% during the 3rd quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer's stock valued at $2,181,937,000 after purchasing an additional 2,012,865 shares during the period. Finally, Invesco Ltd. grew its stake in Advanced Micro Devices by 6.5% during the 3rd quarter. Invesco Ltd. now owns 13,348,413 shares of the semiconductor manufacturer's stock worth $2,159,640,000 after buying an additional 813,844 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,442 shares of the firm's stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the transaction, the senior vice president owned 16,359 shares in the company, valued at $3,834,876.78. This trade represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 85,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, the chief executive officer directly owned 3,146,006 shares in the company, valued at approximately $625,331,612.62. The trade was a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 239,392 shares of company stock valued at $50,016,383 over the last quarter. Corporate insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. Truist Financial set a $283.00 target price on Advanced Micro Devices in a research report on Wednesday, February 4th. Wells Fargo & Company restated an "overweight" rating and set a $345.00 price target on shares of Advanced Micro Devices in a research report on Friday, January 30th. Sanford C. Bernstein set a $235.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 4th. KeyCorp reiterated an "overweight" rating and issued a $330.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.53.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Celestica partnership to commercialize "Helios" rack-scale AI platform should expand AMD's route to market for data‑center GPUs and strengthen its AI-infrastructure footprint. Celestica and AMD Announce Collaboration
• Positive Sentiment: Multi‑year IP license and settlement with Adeia removes legal overhang and gives AMD access to additional semiconductor IP — a clearance that reduces legal risk and could accelerate product development. AMD Ties Up With Adeia
• Positive Sentiment: U.S. export-policy reversal eases restrictions on advanced AI accelerator sales overseas, widening AMD's addressable market for Instinct GPUs and easing regulatory uncertainty for data‑center ramp. US Export Reversal Clears Path
• Positive Sentiment: Expanded manufacturing/assembly ties (Flex, and Celestica activity) support supply scaling for AMD Instinct platforms and reduce execution risk on large cloud/customer orders. Assessing Flex Valuation After Expanded AMD Partnership
• Positive Sentiment: Multiple analysts remain bullish on AMD's AI growth path and have reiterated favorable ratings/targets, providing support for the stock amid ongoing AI demand optimism. Analysts Stay Bullish on AI Demand
• Neutral Sentiment: Early reports that RDNA 5 GPUs show improved performance vs. prior generations could help AMD in graphics and inference workloads, but impact depends on final benchmarks and partner design wins. RDNA 5 GPUs May Even the Playing Field
• Neutral Sentiment: Reported short interest data shows no meaningful change (no indication of a large short squeeze or build), so short‑interest dynamics are not a current driver.
• Negative Sentiment: CEO Lisa Su sold 85,000 shares (~$16.9M at reported average price), part of a broader pattern of insider selling that some investors view as a near‑term headwind for sentiment. SEC filing: Insider Sale SEC Filing
• Negative Sentiment: Some Wall Street voices (Goldman, D.A. Davidson) and macro factors (oil‑supply driven market volatility) have flagged near‑term risks and estimate caution, which could pressure the stock if growth expectations are trimmed. Analyst Caution Oil Supply Disruptions and Chip Stocks

Advanced Micro Devices Price Performance

Shares of AMD opened at $196.58 on Tuesday. The firm has a market capitalization of $320.51 billion, a price-to-earnings ratio of 74.18, a price-to-earnings-growth ratio of 0.73 and a beta of 1.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The stock's fifty day moving average is $215.67 and its 200-day moving average is $210.63.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. The business had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The company's quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.

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