Somerville Kurt F Has $17.84 Million Position in Advanced Micro Devices, Inc. $AMD

Somerville Kurt F reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,736 shares of the semiconductor manufacturer’s stock after selling 7,834 shares during the period. Advanced Micro Devices comprises about 3.0% of Somerville Kurt F’s investment portfolio, making the stock its 12th largest holding. Somerville Kurt F’s holdings in Advanced Micro Devices were worth $17,842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. REAP Financial Group LLC boosted its position in shares of Advanced Micro Devices by 16.9% during the second quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer’s stock worth $170,000 after buying an additional 173 shares during the period. Sax Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 4.8% in the second quarter. Sax Wealth Advisors LLC now owns 3,775 shares of the semiconductor manufacturer’s stock valued at $536,000 after acquiring an additional 173 shares during the last quarter. High Note Wealth LLC increased its position in shares of Advanced Micro Devices by 285.5% in the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 197 shares during the last quarter. SGL Investment Advisors Inc. increased its position in shares of Advanced Micro Devices by 91.5% in the second quarter. SGL Investment Advisors Inc. now owns 5,337 shares of the semiconductor manufacturer’s stock valued at $736,000 after acquiring an additional 2,550 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Advanced Micro Devices by 43.5% in the second quarter. Shell Asset Management Co. now owns 71,109 shares of the semiconductor manufacturer’s stock valued at $10,090,000 after acquiring an additional 21,541 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 3.8%

Advanced Micro Devices stock opened at $211.51 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $226.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market capitalization of $343.25 billion, a P/E ratio of 121.56, a PEG ratio of 2.40 and a beta of 1.90. The stock has a 50-day simple moving average of $167.22 and a 200 day simple moving average of $135.02.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results 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 business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’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 expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMD shares. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 target price on shares of Advanced Micro Devices in a research report on Tuesday. Erste Group Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Truist Financial reaffirmed a “buy” rating and issued a $273.00 target price (up previously from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday. Hsbc Global Res raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, TD Cowen lifted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business’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 sale, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,448 shares of company stock worth $44,554,848. 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.