Heritage Financial Services LLC Invests $219,000 in Advanced Micro Devices, Inc. $AMD

Key Points

• Heritage Financial Services LLC made a new investment in Advanced Micro Devices, purchasing 1,544 shares valued at approximately $219,000 in the second quarter.
• Insider trading activity saw EVP Paul Darren Grasby sell 10,000 shares for about $1.73 million, decreasing his ownership by 7.38%.
• Advanced Micro Devices reported a revenue of $7.69 billion for the last quarter, beating analyst estimates, although it missed EPS targets with a 0.48 EPS.

Heritage Financial Services LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,544 shares of the semiconductor manufacturer's stock, valued at approximately $219,000.

Several other hedge funds also recently added to or reduced their stakes in AMD. Tritonpoint Wealth LLC lifted its position 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 buying an additional 72 shares in the last quarter. Scott & Selber Inc. increased its stake in shares of Advanced Micro Devices by 0.7% in the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock worth $1,485,000 after acquiring an additional 73 shares during the last quarter. Sandy Cove Advisors LLC raised its holdings 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 worth $776,000 after acquiring an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its position in 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 during the last quarter. Finally, Seaview Investment Managers LLC grew its stake in Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 of the company's stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the transaction, the executive vice president owned 311,598 shares of the company's stock, valued at approximately $51,416,785.98. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock worth $44,554,848 in the last 90 days. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $164.01 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65. The company has a fifty day simple moving average of $165.82 and a 200 day simple moving average of $132.56. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $266.16 billion, a P/E ratio of 94.26, a P/E/G ratio of 1.91 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho raised their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Susquehanna raised their price objective on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. Seaport Res Ptn downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. Jefferies Financial Group raised their price target on shares of Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Finally, Sanford C. Bernstein lifted their price objective on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

About Advanced Micro Devices

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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