Cross Staff Investments Inc Sells 1,478 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Cross Staff Investments Inc reduced its stake in Advanced Micro Devices, Inc. by 31.9% during the second quarter, selling 1,478 shares, leaving them with a total of 3,154 shares valued at approximately $448,000.
• Ava Hahn, SVP of AMD, sold 2,868 shares for about $648,197, representing a 24.1% decrease in her ownership.
• Analysts have mixed reviews for AMD, with price objectives ranging from $185.00 to $250.00, and a consensus average rating of "Moderate Buy."

Cross Staff Investments Inc reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 31.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,154 shares of the semiconductor manufacturer's stock after selling 1,478 shares during the period. Cross Staff Investments Inc's holdings in Advanced Micro Devices were worth $448,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tritonpoint Wealth LLC grew its stake in Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock worth $405,000 after acquiring an additional 72 shares in the last quarter. Scott & Selber Inc. boosted its stake in shares of Advanced Micro Devices by 0.7% during the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock valued at $1,485,000 after purchasing an additional 73 shares in the last quarter. Sandy Cove Advisors LLC boosted its stake in shares of Advanced Micro Devices by 1.4% during the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after purchasing an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its stake in shares of Advanced Micro Devices by 3.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock valued at $381,000 after purchasing an additional 85 shares in the last quarter. Finally, SLT Holdings LLC boosted its stake in shares of Advanced Micro Devices by 4.3% during the second quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer's stock valued at $306,000 after purchasing an additional 88 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 7.8%

NASDAQ AMD opened at $214.76 on Friday. The company has a fifty day simple moving average of $170.33 and a two-hundred day simple moving average of $137.22. The stock has a market cap of $348.51 billion, a P/E ratio of 123.42, a P/E/G ratio of 2.74 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $240.10. 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 (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during 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 company'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 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 year.

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares of the company's stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's 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 transaction, the executive vice president directly owned 313,848 shares of the company's stock, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,316 shares of company stock valued at $45,203,045. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMD shares. HSBC dropped their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a research note on Tuesday, September 9th. Weiss Ratings downgraded shares of Advanced Micro Devices from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Dbs Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a research note on Monday, October 6th. Finally, Roth Capital set a $250.00 target price on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $218.25.

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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