Highland Capital Management LLC Takes Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Highland Capital Management LLC acquired a new position in Advanced Micro Devices, purchasing 1,535 shares valued at approximately $218,000 in the second quarter.
• Advanced Micro Devices had a quarterly earnings report on August 5th, revealing an EPS of $0.48, missing the consensus estimate by $0.06, despite a revenue increase of 31.7% year-over-year.
• The company's average target price among analysts is currently $180.88, with three analysts rating it as a Strong Buy and one as a Sell.

Highland Capital Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,535 shares of the semiconductor manufacturer's stock, valued at approximately $218,000.

Several other institutional investors also recently bought and sold shares of AMD. Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Vest Financial LLC lifted its position in shares of Advanced Micro Devices by 73.5% during the first quarter. Vest Financial LLC now owns 15,301 shares of the semiconductor manufacturer's stock valued at $1,572,000 after buying an additional 6,481 shares during the last quarter. Signal Advisors Wealth LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $202,000. Finally, Procyon Advisors LLC grew its position in shares of Advanced Micro Devices by 14.0% in the 1st quarter. Procyon Advisors LLC now owns 5,058 shares of the semiconductor manufacturer's stock worth $520,000 after buying an additional 621 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Wells Fargo & Company increased their price objective on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Jefferies Financial Group boosted their target price on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Seaport Res Ptn downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $180.88.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the firm's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares in the company, 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 sold a total of 272,448 shares of company stock valued at $44,554,848 in the last three months. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $164.67 on Monday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65. 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 $267.23 billion, a PE ratio of 94.64, a price-to-earnings-growth ratio of 1.94 and a beta of 1.90. The company's 50 day moving average is $165.94 and its 200 day moving average is $133.80.

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). The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's revenue was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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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