Harrell Investment Partners LLC Has $229,000 Stake in Advanced Micro Devices, Inc. $AMD

Key Points

• Harrell Investment Partners LLC reduced its stake in Advanced Micro Devices (AMD) by 76.9%, now owning only 1,613 shares valued at $229,000.
• Several hedge funds, including Sandy Cove Advisors and Pine Haven Investment Counsel, have increased their holdings in AMD amidst positive analyst reviews, with the stock receiving a mix of ratings from Strong Buy to Sell.
• AMD's recent quarterly earnings report showed a 31.7% year-over-year revenue increase but reported earnings of $0.48 per share, missing the $0.54 consensus estimate by $0.06.

Harrell Investment Partners LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 76.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,613 shares of the semiconductor manufacturer's stock after selling 5,378 shares during the quarter. Harrell Investment Partners LLC's holdings in Advanced Micro Devices were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Sandy Cove Advisors LLC lifted its stake in Advanced Micro Devices by 1.4% in the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after buying an additional 75 shares during the period. Pine Haven Investment Counsel Inc raised its position 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 worth $381,000 after purchasing an additional 85 shares during the period. Seaview Investment Managers LLC raised 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 worth $232,000 after purchasing an additional 93 shares during the period. Tompkins Financial Corp raised its position in shares of Advanced Micro Devices by 30.3% during the second quarter. Tompkins Financial Corp now owns 417 shares of the semiconductor manufacturer's stock worth $59,000 after purchasing an additional 97 shares during the period. Finally, Activest Wealth Management raised 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 worth $117,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMD. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research report on Monday, June 23rd. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a research report on Saturday, August 9th. Sanford C. Bernstein raised their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Finally, TD Cowen raised their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Stock Down 0.0%

NASDAQ:AMD opened at $160.88 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a market cap of $261.08 billion, a PE ratio of 92.46, a PEG ratio of 1.90 and a beta of 1.92. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The stock has a 50-day simple moving average of $165.42 and a 200 day simple moving average of $130.39.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous 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 expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 in the company, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock worth $44,183,576 over the last 90 days. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Company 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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