InTrack Investment Management Inc Trims Holdings in Advanced Micro Devices, Inc. $AMD

InTrack Investment Management Inc cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,615 shares of the semiconductor manufacturer’s stock after selling 875 shares during the quarter. InTrack Investment Management Inc’s holdings in Advanced Micro Devices were worth $229,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AMD. Brighton Jones LLC grew its position in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 valued at $1,001,000 after buying an additional 234 shares during the period. Farther Finance Advisors LLC lifted its stake in Advanced Micro Devices by 39.4% during the first quarter. Farther Finance Advisors LLC now owns 19,641 shares of the semiconductor manufacturer’s stock worth $2,019,000 after purchasing an additional 5,554 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in Advanced Micro Devices by 119.6% during the first quarter. Pallas Capital Advisors LLC now owns 7,309 shares of the semiconductor manufacturer’s stock worth $751,000 after purchasing an additional 3,980 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Advanced Micro Devices by 39.1% during the first quarter. Harbor Capital Advisors Inc. now owns 35,086 shares of the semiconductor manufacturer’s stock worth $3,605,000 after purchasing an additional 9,858 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,316 shares of company stock worth $45,203,045. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Up 11.4%

NASDAQ AMD opened at $235.56 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $235.87. 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 50 day simple moving average of $168.34 and a two-hundred day simple moving average of $135.71. The stock has a market cap of $382.28 billion, a P/E ratio of 135.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share 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 firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the company posted $0.69 EPS. The firm’s revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. Wedbush reaffirmed a “cautious” rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. TD Cowen boosted their target price 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. Roth Capital set a $250.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a research note on Monday. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Monday, June 23rd. Three research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.