Trinity Street Asset Management LLP Sells 2,261 Shares of Advanced Micro Devices, Inc. $AMD

Trinity Street Asset Management LLP cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,702 shares of the semiconductor manufacturer’s stock after selling 2,261 shares during the quarter. Advanced Micro Devices makes up about 1.5% of Trinity Street Asset Management LLP’s holdings, making the stock its 15th biggest position. Trinity Street Asset Management LLP’s holdings in Advanced Micro Devices were worth $28,291,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Southpoint Capital Advisors LP increased its stake in shares of Advanced Micro Devices by 50.0% during the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after purchasing an additional 300,000 shares during the period. Jefferies Financial Group Inc. grew its holdings in Advanced Micro Devices by 6,228.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock valued at $65,966,000 after buying an additional 303,154 shares in the last quarter. Boomfish Wealth Group LLC bought a new position in Advanced Micro Devices during the 1st quarter worth $1,193,000. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock worth $1,045,954,000 after buying an additional 291,165 shares in the last quarter. Finally, Williamson Legacy Group LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $1,118,000. 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: Strong Q2 results and data-center momentum: AMD reported earnings and revenue above analyst expectations, with revenue rising 50% year over year. Data-center revenue more than doubled, driving record profitability and higher guidance. AMD Q2 2026 Earnings Call Transcript
• Positive Sentiment: AI infrastructure demand is improving the sector outlook: AMD rallied alongside Nvidia and Intel after strong earnings from companies in the server and AI-infrastructure supply chain. Reports also highlighted a major Anthropic data-center buildout as a potential signal of broader demand for AMD accelerators. AMD, Intel, and NVIDIA Rally After AI Earnings Anthropic AI Buildout
• Positive Sentiment: New collaboration expands AMD’s technology narrative: AMD announced a memorandum of understanding with the University of Oxford’s BOLD initiative, helping support investor interest in the company’s AI and advanced-computing strategy. AMD Oxford BOLD Collaboration
• Positive Sentiment: Analyst remains bullish on long-term growth: Phillip Securities reiterated a Buy rating and set a $755 price target, arguing that agentic AI demand could justify AMD’s premium valuation. Northland Securities also raised its FY2027 EPS forecast to $8.55 from $6.95. Phillip Securities AMD Rating
• Neutral Sentiment: Institutional activity is mixed: Bessemer Group disclosed a sizable new AMD position, while Optiver, ProShare Advisors and Amundi reported reductions. Because these are delayed 13F disclosures covering June 30, they may have limited immediate trading significance.
• Negative Sentiment: Valuation concerns could limit further gains: Commentary noted that AMD trades at a substantially higher forward earnings multiple than Nvidia. Critics argue that AMD is smaller and growing more slowly, leaving the stock vulnerable if AI spending or margins disappoint. AMD Versus Nvidia Valuation

Analysts Set New Price Targets

Several equities analysts recently commented on AMD shares. Barclays downgraded shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday, June 12th. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Argus raised their target price on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wolfe Research set a $450.00 price target on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $546.87.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their position. 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. Over the last 90 days, insiders sold 160,934 shares of company stock valued at $74,664,256. Company insiders own 0.50% of the company’s stock.

Advanced Micro Devices Trading Up 1.8%

Shares of AMD stock opened at $482.93 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The stock’s fifty day moving average price is $511.61 and its two-hundred day moving average price is $364.87. 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 has a market cap of $788.37 billion, a PE ratio of 124.15 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices’s revenue was up 50.1% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal 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.