Shikiar Asset Management Inc. Sells 3,370 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Shikiar Asset Management Inc. reduced its stake in Advanced Micro Devices, Inc. by 22.3%, selling 3,370 shares, resulting in ownership of 11,756 shares worth $1.67 million at the end of the last quarter.
• Institutional investors own 71.34% of AMD's stock, with several funds increasing their holdings, including Brighton Jones LLC, which raised its stake by 178.2%.
• Analysts have updated their price targets for AMD, with estimates ranging from $180 to $273, indicating a generally optimistic outlook despite recent insider selling.

Shikiar Asset Management Inc. decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,756 shares of the semiconductor manufacturer's stock after selling 3,370 shares during the period. Shikiar Asset Management Inc.'s holdings in Advanced Micro Devices were worth $1,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Brighton Jones LLC raised 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 in the last quarter. Revolve Wealth Partners LLC raised its position in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in Advanced Micro Devices by 119.6% in the first quarter. Pallas Capital Advisors LLC now owns 7,309 shares of the semiconductor manufacturer's stock valued at $751,000 after acquiring an additional 3,980 shares during the last quarter. GAMMA Investing LLC lifted its stake in Advanced Micro Devices by 18.7% in the first quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer's stock valued at $2,009,000 after acquiring an additional 3,084 shares during the last quarter. Finally, Simplicity Wealth LLC grew its position in shares of Advanced Micro Devices by 179.9% in the 1st quarter. Simplicity Wealth LLC now owns 6,280 shares of the semiconductor manufacturer's stock valued at $645,000 after acquiring an additional 4,036 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, SVP Ava Hahn sold 2,868 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares of the company's stock, valued at $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction dated 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 sale, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,316 shares of company stock valued at $45,203,045 over the last 90 days. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Truist Financial restated a "buy" rating and issued a $273.00 price objective (up previously from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday. Raymond James Financial lifted their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. TD Cowen increased their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Erste Group Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $217.70.

Advanced Micro Devices Stock Down 1.1%

NASDAQ AMD opened at $232.89 on Friday. 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 $377.94 billion, a price-to-earnings ratio of 133.84, a PEG ratio of 2.77 and a beta of 1.90. The company has a 50 day moving average of $169.47 and a 200-day moving average of $136.53. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $240.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results 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). 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 in the prior year, the company earned $0.69 EPS. The company's quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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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