McElhenny Sheffield Capital Management LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Key Points

• McElhenny Sheffield Capital Management LLC made a new investment in Advanced Micro Devices, Inc. (AMD), acquiring 1,445 shares valued at approximately $205,000 in the second quarter.
• Several hedge funds have significantly increased their positions in AMD, with Dogwood Wealth Management boosting its holdings by 2,311.1% and West Branch Capital by 3,057.1% during the same period.
• Advanced Micro Devices reported $7.69 billion in revenue for the last quarter, exceeding analyst expectations, but missed EPS estimates with $0.48

McElhenny Sheffield Capital Management LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,445 shares of the semiconductor manufacturer's stock, valued at approximately $205,000.

Other hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 208 shares during the period. West Branch Capital LLC lifted its position in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 214 shares during the period. High Note Wealth LLC lifted its position in shares of Advanced Micro Devices by 285.5% in the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer's stock worth $38,000 after acquiring an additional 197 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of 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 worth $28,000 after buying an additional 200 shares during the period. Finally, American Capital Advisory LLC lifted its position in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares of the company's stock, valued at $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices stock in a transaction 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 sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,316 shares of company stock valued at $45,203,045 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 1.1%

AMD stock opened at $232.89 on Friday. 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, Inc. has a twelve month low of $76.48 and a twelve month high of $240.10. The business has a fifty day moving average of $169.47 and a 200-day moving average of $136.53. The company has a market cap of $377.94 billion, a P/E ratio of 133.84, a PEG ratio of 2.77 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS 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 company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the firm earned $0.69 earnings per share. 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. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Stifel Nicolaus set a $240.00 target price on Advanced Micro Devices in a research report on Monday. Evercore ISI raised their target price on Advanced Micro Devices from $188.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup raised their target price on Advanced Micro Devices from $180.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, UBS Group raised their target price on Advanced Micro Devices from $210.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $217.70.

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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