Advanced Micro Devices, Inc. $AMD Stock: Harbour Investments Inc. Lowers Stake

Key Points

• Harbour Investments cut its AMD stake by 12.1% in the third quarter, selling 4,223 shares and ending the period with 30,589 shares valued at $18.7 million. Institutional investors overall own 71.34% of the company, with other funds reporting both increases and decreases in holdings.
• AMD shares fell 8.8% on Friday to $534.06 amid weakness in chip stocks and concerns about the AI trade. The decline came despite quarterly results beating estimates: earnings were $2.09 per share and revenue reached $13.38 billion, up 44.7% year over year.
• Analyst views remain broadly positive: AMD has a “Moderate Buy” consensus rating and an average price target of $640.11, though Piper Sandler downgraded the stock to neutral. Executives also reported share sales under pre-arranged trading plans.

Harbour Investments Inc. lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,589 shares of the semiconductor manufacturer's stock after selling 4,223 shares during the quarter. Harbour Investments Inc.'s holdings in Advanced Micro Devices were worth $18,713,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMD. Southpoint Capital Advisors LP raised its holdings 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 valued at $183,087,000 after acquiring an additional 300,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after acquiring an additional 291,165 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in Advanced Micro Devices by 6,968.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock valued at $85,995,000 after acquiring an additional 138,328 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in Advanced Micro Devices by 2,748.0% in the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock valued at $52,582,000 after acquiring an additional 82,934 shares in the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. increased its position in Advanced Micro Devices by 1,288.6% during the 2nd quarter. Nan Shan Life Insurance Co. Ltd. now owns 220,170 shares of the semiconductor manufacturer's stock valued at $127,899,000 after purchasing an additional 204,315 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Latest Advanced Micro Devices News

Here's some of the latest news about AMD:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa Su sold 25,000 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the sale, the chief executive officer directly owned 74,211 shares of the company's stock, valued at $37,609,392.69. This represents a 25.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares of the company's stock, valued at approximately $191,038,501.90. The trade was a 4.66% 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 sold 232,588 shares of company stock worth $116,292,222. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler lowered shares of Advanced Micro Devices from an "overweight" rating to a "neutral" rating in a report on Thursday. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $465.00 to $510.00 and gave the company an "equal weight" rating in a research note on Monday, November 2nd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research note on Thursday, October 29th. Oppenheimer upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $600.00 price target on the stock in a research report on Monday, November 9th. Finally, UBS Group decreased their price target on shares of Advanced Micro Devices from $730.00 to $700.00 and set a "buy" rating for the company in a research note on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $640.11.

Advanced Micro Devices Stock Down 8.8%

AMD stock traded down $51.24 during midday trading on Friday, hitting $534.06. The stock had a trading volume of 49,061,909 shares, compared to its average volume of 33,352,236. The firm has a market cap of $875.90 billion, a price-to-earnings ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49. The business has a 50-day moving average of $554.55 and a two-hundred day moving average of $422.13. Advanced Micro Devices, Inc. has a 52-week low of $188.22 and a 52-week high of $658.52. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The firm's quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.

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