Bar Harbor Wealth Management Sells 7,319 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Bar Harbor Wealth Management has reduced its stake in Advanced Micro Devices by 44.6%, selling 7,319 shares and holding 9,077 shares worth $1,288,000 as of the latest reporting period.
• Advanced Micro Devices' stock was priced at $232.89 with a market cap of $377.94 billion, and it recently reported quarterly revenue of $7.69 billion, exceeding analysts' expectations.
• Research analysts have mostly rated AMD positively, with price targets ranging from $185.00 to $300.00, reflecting strong market interest and expectation of future growth.

Bar Harbor Wealth Management lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,077 shares of the semiconductor manufacturer's stock after selling 7,319 shares during the quarter. Bar Harbor Wealth Management's holdings in Advanced Micro Devices were worth $1,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC boosted its position in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares during the period. Pallas Capital Advisors LLC boosted its stake in Advanced Micro Devices by 119.6% in the 1st quarter. Pallas Capital Advisors LLC now owns 7,309 shares of the semiconductor manufacturer's stock worth $751,000 after purchasing an additional 3,980 shares during the period. GAMMA Investing LLC boosted its stake in Advanced Micro Devices by 18.7% in the 1st quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer's stock worth $2,009,000 after purchasing an additional 3,084 shares during the period. Finally, Simplicity Wealth LLC boosted its stake in Advanced Micro Devices by 179.9% in the 1st quarter. Simplicity Wealth LLC now owns 6,280 shares of the semiconductor manufacturer's stock worth $645,000 after purchasing an additional 4,036 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $232.89 on Friday. The stock has a market cap of $377.94 billion, a price-to-earnings ratio of 133.84, a P/E/G ratio of 2.77 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $240.10. The stock's 50-day moving average is $169.47 and its 200 day moving average is $136.53.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business's quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,316 shares of company stock worth $45,203,045 in the last quarter. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on AMD shares. Roth Capital set a $250.00 target price on Advanced Micro Devices and gave the stock a "buy" rating in a research note on Monday. HSBC cut their target price on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Tuesday, September 9th. Truist Financial restated a "buy" rating and issued a $273.00 target price (up previously from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday. Barclays raised their target price on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.70.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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