Belpointe Asset Management LLC Reduces Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Belpointe Asset Management LLC has significantly reduced its stake in Advanced Micro Devices, Inc. by 44.1%, now holding 6,686 shares worth approximately $687,000.
• Multiple investors, including Seaview Investment Managers and Activest Wealth Management, have increased their positions in AMD, amidst overall hedge fund ownership of 71.34% of the company's stock.
• Advanced Micro Devices reported earnings of $0.48 per share for the last quarter, missing analysts' expectations, but its revenue of $7.69 billion exceeded predictions, reflecting a 31.7% increase year-over-year.

Belpointe Asset Management LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,686 shares of the semiconductor manufacturer's stock after selling 5,268 shares during the period. Belpointe Asset Management LLC's holdings in Advanced Micro Devices were worth $687,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Seaview Investment Managers LLC boosted its position in shares of Advanced Micro Devices by 4.3% during the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after buying an additional 93 shares during the period. Activest Wealth Management boosted its position in shares of Advanced Micro Devices by 9.4% during the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock valued at $117,000 after buying an additional 98 shares during the period. Peterson Wealth Services boosted its position in shares of Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after buying an additional 103 shares during the period. Lifeworks Advisors LLC boosted its position in shares of Advanced Micro Devices by 5.6% during the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock valued at $203,000 after buying an additional 104 shares during the period. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Advanced Micro Devices by 29.0% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 467 shares of the semiconductor manufacturer's stock valued at $48,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the sale, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 270,198 shares of company stock worth $44,183,576. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Up 1.9%

Advanced Micro Devices stock opened at $158.57 on Friday. The business has a fifty day moving average of $163.13 and a two-hundred day moving average of $127.12. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm has a market cap of $257.33 billion, a P/E ratio of 91.13, a P/E/G ratio of 1.83 and a beta of 1.92. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results 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 company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho boosted their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Piper Sandler boosted their price target on Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Bank of America boosted their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Wedbush reiterated a "cautious" rating on shares of Advanced Micro Devices in a report on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $180.88.

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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