Beacon Pointe Advisors LLC Sells 20,687 Shares of Advanced Micro Devices, Inc. $AMD

Beacon Pointe Advisors LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 213,016 shares of the semiconductor manufacturer’s stock after selling 20,687 shares during the period. Beacon Pointe Advisors LLC’s holdings in Advanced Micro Devices were worth $30,227,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMD. Pinney & Scofield Inc. increased its position in shares of Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares in the last quarter. Avion Wealth grew its position in Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 72 shares during the last quarter. West Branch Capital LLC grew its position in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 214 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 185.3% during the first quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $219.76 on Tuesday. The firm has a market capitalization of $357.78 billion, a price-to-earnings ratio of 126.30, a PEG ratio of 2.42 and a beta of 1.93. The stock has a fifty day moving average of $221.13 and a 200 day moving average of $173.37. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. 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 (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, beating analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Jefferies Financial Group set a $300.00 price target on shares of Advanced Micro Devices and gave the stock a “positive” rating in a research note on Monday, October 6th. Mizuho raised their price objective on Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Loop Capital set a $290.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Piper Sandler restated an “overweight” rating and set a $280.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices 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 sale, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 75,676 shares of company stock worth $16,124,589 over the last 90 days. 0.06% of the stock is owned by company insiders.

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.