Harvest Portfolios Group Inc. Increases Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Harvest Portfolios Group Inc. increased its stake in Advanced Micro Devices (AMD) by 94.1%, now owning 327,856 shares valued at approximately $33.68 million.
• AMD reported earnings of $0.48 per share, missing estimates, but revenue grew 31.7% year-over-year, reaching $7.69 billion.
• Several hedge funds have actively adjusted their positions, with over 71% of AMD stock currently held by institutional investors.

Harvest Portfolios Group Inc. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 94.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 327,856 shares of the semiconductor manufacturer's stock after acquiring an additional 158,975 shares during the period. Harvest Portfolios Group Inc.'s holdings in Advanced Micro Devices were worth $33,684,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $28,000. Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares during the last quarter. American Capital Advisory LLC raised its stake in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares during the last quarter. Finally, Investors Research Corp raised its stake in Advanced Micro Devices by 117.9% during the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 165 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 2.6%

AMD opened at $163.36 on Tuesday. The firm has a 50-day simple moving average of $156.22 and a two-hundred day simple moving average of $122.55. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The company has a market capitalization of $265.11 billion, a PE ratio of 93.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.94. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

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

Advanced Micro Devices announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Jefferies Financial Group raised their target price on Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. TD Cowen raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Thursday, July 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $180.12.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,998 shares of company stock valued at $41,415,580. 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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