Matters Capital LLC Reduces Stock Holdings in Advanced Micro Devices, Inc. $AMD

Matters Capital LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,076 shares of the semiconductor manufacturer's stock after selling 4,018 shares during the quarter. Advanced Micro Devices accounts for approximately 4.9% of Matters Capital LLC's holdings, making the stock its 4th biggest position. Matters Capital LLC's holdings in Advanced Micro Devices were worth $7,015,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMD. Luminist Capital LLC acquired a new position in shares of Advanced Micro Devices during the second quarter valued at about $46,000. BOK Financial Private Wealth Inc. acquired a new stake in Advanced Micro Devices during the second quarter worth about $53,000. Toews Corp ADV bought a new position in Advanced Micro Devices during the second quarter valued at about $66,000. Joseph Group Capital Management acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $27,000. 71.34% of the stock is owned by institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AI growth outlook remains robust: AMD’s second-quarter revenue increased 50% year over year to approximately $11.5 billion, with data-center revenue more than doubling to $6.7 billion. Management’s roughly $13 billion third-quarter revenue outlook and 56% gross-margin forecast support expectations for continued momentum. AMD growth outlook
• Positive Sentiment: Analyst upgrade and product catalysts: Raymond James upgraded AMD, citing a potential $201 billion revenue opportunity by 2030 from agentic AI. AMD is also preparing the MI455X accelerator and Helios rack system, while ROCm 10, UCIe connectivity and new secure-AI initiatives could strengthen its ecosystem. Raymond James AMD upgrade
• Positive Sentiment: Enterprise AI positioning: AMD’s equity investment and joint development agreement with Nutanix could help it offer more complete inference and agentic-AI systems as an open alternative to Nvidia’s platform. AMD and Nutanix partnership
• Neutral Sentiment: Anthropic’s mixed chip strategy: Anthropic reportedly previously committed substantial spending involving AMD but later signed a six-year, $45 billion lease for Nvidia-powered capacity. The news suggests AMD remains relevant, but Nvidia may be the preferred provider for the largest AI workloads. Anthropic AMD and Nvidia spending
• Negative Sentiment: Insider and fund selling: EVP Forrest Norrod sold about $7.9 million of AMD stock and EVP Jean Hu sold approximately $7.1 million, both under pre-arranged Rule 10b5-1 plans. ARK Invest also sold about $18.2 million of AMD while rotating into Broadcom and Cerebras, weighing on sentiment after AMD’s substantial rally. AMD insider sale filing
• Negative Sentiment: Competition and risk factors: Nvidia’s blowout results emphasized AMD’s weaker margins and software ecosystem, while AMD’s elevated valuation, potential semiconductor tariffs, export restrictions and rising memory costs increase the execution risk required to sustain its growth expectations. Nvidia versus AMD investment comparison

Advanced Micro Devices Stock Down 0.9%

Shares of NASDAQ:AMD opened at $476.67 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company's fifty day moving average is $507.14 and its 200-day moving average is $383.86. The company has a market capitalization of $778.15 billion, a PE ratio of 122.54 and a beta of 2.48.

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

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $459.95, for a total value of $7,939,196.95. Following the completion of the transaction, the executive vice president owned 373,317 shares in the company, valued at approximately $171,707,154.15. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $480.94, for a total value of $7,214,100.00. Following the completion of the transaction, the chief executive officer directly owned 3,102,156 shares in the company, valued at $1,491,950,906.64. The trade was a 0.48% 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. In the last three months, insiders sold 241,203 shares of company stock valued at $114,011,942. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $450.00 to $635.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Citigroup upgraded shares of Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Oppenheimer cut shares of Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research note on Wednesday, May 6th. Finally, UBS Group reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $553.72.

About Advanced Micro Devices

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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