Landscape Capital Management L.L.C. Sells 6,877 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Landscape Capital Management cut its AMD stake by 91.8% in the second quarter, selling 6,877 shares and retaining 611 shares valued at approximately $355,000.
• AMD reported strong operating momentum, including 50% year-over-year revenue growth to $11.54 billion and more than doubled data-center revenue. Institutional investors own 71.34% of the company, while several funds increased their positions.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $553.72, though high valuation, export-policy uncertainty, execution risks and insider selling remain potential concerns.

Landscape Capital Management L.L.C. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 91.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611 shares of the semiconductor manufacturer's stock after selling 6,877 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Advanced Micro Devices were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Southpoint Capital Advisors LP boosted its stake in Advanced Micro Devices by 50.0% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock worth $65,966,000 after purchasing an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $1,193,000. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Micro Devices by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $1,118,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Strong AI and data-center momentum: AMD reported second-quarter revenue of approximately $11.5 billion, up 50% year over year, while data-center revenue more than doubled to $6.7 billion. Management’s third-quarter outlook for roughly $13 billion of revenue and a 56% gross margin reinforced expectations for continued demand and operating leverage. AMD: The Low-Hanging Fruit Is Gone, But The Stock Is Still A Buy
• Positive Sentiment: Analyst support and competitive positioning: Wall Street firms reiterated bullish views and raised price targets, with Raymond James upgrading AMD to Strong Buy and BMO initiating coverage with a $550 target. Investors also see AMD as a potential alternative to Nvidia for hyperscalers, including through large customer deployments and opportunities in inference and agentic AI. AMD Stock Gets Strong Buy Upgrade From Raymond James
• Positive Sentiment: Product and ecosystem catalysts: AMD’s upcoming Instinct MI455X accelerator is expected to feature 432GB of HBM4 memory, while the Helios rack system is scheduled to begin initial shipments later this quarter. The company is also expanding UCIe connectivity, trusted-AI security capabilities and EPYC processor deployments for autonomous-driving applications. AMD's Next AI Accelerator Carries 432 Gigabytes of Memory
• Neutral Sentiment: Nvidia earnings remain a near-term trading catalyst: AMD and other semiconductor stocks benefited from positioning ahead of Nvidia’s results. Nvidia’s outlook could validate AI infrastructure demand or trigger a broader reassessment of accelerator valuations. NVIDIA Earnings Could Move These 3 AI Stocks
• Negative Sentiment: Insider selling weighs on sentiment: EVP Forrest Norrod sold 17,261 shares worth about $7.9 million under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a signal about fundamentals, but repeated insider disposals can add pressure after a sharp rally. AMD Insider Sale SEC Filing
• Negative Sentiment: Valuation and execution risks: With AMD trading at a high earnings multiple after a major advance, investors may demand continued exceptional growth. Export-policy uncertainty, rising memory costs and more than $10 billion of planned Taiwan packaging investment could increase execution and margin risks. AMD's Next Move Could Be Huge

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 17,261 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the sale, the executive vice president directly owned 373,317 shares of the company's stock, valued at $171,707,154.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the transaction, the executive vice president owned 1,261,461 shares of the company's stock, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 228,024 shares of company stock valued at $107,851,304. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMD. Barclays lowered Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research report on Friday, June 12th. William Blair restated a "market perform" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. KeyCorp set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $553.72.

Advanced Micro Devices Trading Up 0.4%

NASDAQ AMD opened at $480.93 on Thursday. 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. The company has a market capitalization of $785.10 billion, a PE ratio of 123.63 and a beta of 2.48. The company has a fifty day moving average of $508.39 and a 200 day moving average of $381.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source