Harfst & Associates Inc. Sells 1,220 Shares of Advanced Micro Devices, Inc. $AMD

Harfst & Associates Inc. lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,227 shares of the semiconductor manufacturer’s stock after selling 1,220 shares during the quarter. Advanced Micro Devices accounts for about 0.7% of Harfst & Associates Inc.’s investment portfolio, making the stock its 16th biggest holding. Harfst & Associates Inc.’s holdings in Advanced Micro Devices were worth $3,438,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornerstone Advisory LLC boosted its stake in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock worth $606,000 after buying an additional 57 shares during the last quarter. King Wealth Management Group increased its holdings in Advanced Micro Devices by 2.1% during the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $428,000 after buying an additional 62 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 14.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock worth $71,000 after acquiring an additional 65 shares during the last quarter. Tritonpoint Wealth LLC grew its holdings in Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after purchasing an additional 72 shares during the period. Finally, Avion Wealth increased its holdings in Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. KGI Securities set a $260.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, October 13th. Roth Capital restated a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. Benchmark lifted their price target on Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Seaport Res Ptn downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This trade represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,676 shares of company stock worth $16,124,589 over the last three months. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Up 3.9%

Advanced Micro Devices stock opened at $214.24 on Thursday. The firm has a market cap of $348.79 billion, a P/E ratio of 123.13, a P/E/G ratio of 2.42 and a beta of 1.93. 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 $267.08. The business has a fifty day moving average of $217.60 and a two-hundred day moving average of $170.77.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. Advanced Micro Devices has set its Q4 2025 guidance at EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices 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.