Atreides Management LP Trims Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Atreides Management LP trimmed its AMD stake by 80.5% in Q3, selling 1,397,006 shares and leaving it with 339,358 shares worth about $54.9 million (≈1.1% of the firm's portfolio, its 25th largest holding).
• Corporate insiders have been selling recently — EVP Paul Darren Grasby sold 7,500 shares (~$204.87) and EVP Forrest Norrod sold 19,450 shares (~$216.81) — with insiders offloading 154,392 shares worth $33.12 million over the past 90 days.
• AMD beat quarterly estimates with $1.53 EPS vs. $1.32 expected and $10.27 billion in revenue (+34.1% YoY), and Wall Street sentiment remains constructive with a consensus of Moderate Buy and an average target of $290.53.

Atreides Management LP lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 80.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 339,358 shares of the semiconductor manufacturer's stock after selling 1,397,006 shares during the quarter. Advanced Micro Devices comprises approximately 1.1% of Atreides Management LP's portfolio, making the stock its 25th largest holding. Atreides Management LP's holdings in Advanced Micro Devices were worth $54,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Impax Asset Management Group plc grew its holdings in shares of Advanced Micro Devices by 326.5% during the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer's stock worth $8,424,000 after purchasing an additional 39,861 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Advanced Micro Devices in the second quarter valued at approximately $4,519,000. Swiss National Bank raised its stake in Advanced Micro Devices by 7.5% in the second quarter. Swiss National Bank now owns 4,917,975 shares of the semiconductor manufacturer's stock valued at $697,861,000 after purchasing an additional 341,000 shares in the last quarter. New York State Common Retirement Fund lifted its position in Advanced Micro Devices by 8.4% during the second quarter. New York State Common Retirement Fund now owns 2,239,239 shares of the semiconductor manufacturer's stock valued at $317,748,000 after purchasing an additional 172,745 shares during the last quarter. Finally, Zweig DiMenna Associates LLC lifted its position in Advanced Micro Devices by 127.6% during the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer's stock valued at $11,746,000 after purchasing an additional 40,708 shares during the last quarter. Hedge funds and other institutional investors 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: AMD reached a multi-year patent licensing agreement with Adeia and highlighted product pushes (Ryzen AI Embedded, telco AI at MWC) that reinforce its long-term AI and edge roadmap — this reduces litigation risk and supports future revenue streams. AMD Patent Truce And AI Push Reframe Long Term Growth Story AMD Highlights Significance of Open AI Telco at MWC2026
• Positive Sentiment: Analyst coverage remains constructive—consensus sits around a "Moderate Buy" and some outlets still rank AMD as a top growth name, providing support for longer-term investor sentiment. Analyst Consensus Moderate Buy Zacks: AMD Top-Ranked Growth Stock
• Neutral Sentiment: Industry comparisons and forecasts (AMD vs TSMC and neutral microchip outlooks) keep AMD in investor conversations for strategic allocation, but these comparisons are more about long-term positioning than near-term catalysts. AMD vs TSMC: Which Chip Stock Delivers in 2026?
• Neutral Sentiment: Reported short-interest data for March appears anomalous (shows zero shares) and should be treated with caution; no clear short-squeeze signal from the published figures.
• Negative Sentiment: A new Chinese GPU entrant (Lisuan Technology) announced products that have prompted headlines and contributed to selling pressure across GPU names, raising competitive concerns for both AMD and Nvidia. Could a New Chinese GPU Competitor Threaten Nvidia and AMD Stocks?
• Negative Sentiment: Customers like Meta are developing in-house AI chips, a trend that can lower TAM for external suppliers and weighs on demand expectations for chip vendors. Meta Plans In-House AI Chips
• Negative Sentiment: Broader market pressure—rising oil prices, geopolitical tensions (Middle East), and export/AI-chip controls—has amplified risk-off flows in semiconductors and contributed to AMD's decline in recent sessions. Is AMD stock's latest dip a warning sign or a buying chance?
• Negative Sentiment: Insider selling: EVP Paul Darren Grasby sold 7,500 shares at ~$204.87 on Mar. 11 — a modest-sized sale that some investors may view as a negative signal even though he retains significant holdings. Filing: SEC Form 4

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 7,500 shares of the business's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the sale, the executive vice president owned 129,598 shares of the company's stock, valued at approximately $26,550,742.26. The trade was a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the sale, the executive vice president owned 289,098 shares of the company's stock, valued at $62,679,337.38. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 154,392 shares of company stock worth $33,120,933 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

AMD stock opened at $193.39 on Friday. The firm has a market cap of $315.30 billion, a P/E ratio of 72.98, a P/E/G ratio of 0.73 and a beta of 1.98. The firm's fifty day moving average is $216.16 and its 200 day moving average is $210.13. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. 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 (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results 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. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The business had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm's revenue for the quarter was up 34.1% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research analyst reports. Mizuho increased their price target on shares of Advanced Micro Devices from $275.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, February 25th. Roth Mkm reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Tuesday, February 24th. KeyCorp reiterated an "overweight" rating and issued a $330.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $230.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Finally, Wall Street Zen upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $290.53.

Advanced Micro Devices 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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