Sanders Morris Harris LLC Sells 31,105 Shares of Advanced Micro Devices, Inc. $AMD

Sanders Morris Harris LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 88.2% in the 2nd quarter, Holdings Channel reports. The fund owned 4,167 shares of the semiconductor manufacturer’s stock after selling 31,105 shares during the quarter. Advanced Micro Devices accounts for 1.4% of Sanders Morris Harris LLC’s holdings, making the stock its 14th biggest holding. Sanders Morris Harris LLC’s holdings in Advanced Micro Devices were worth $2,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fermata Advisors LLC boosted its position in shares of Advanced Micro Devices by 22.1% during the second quarter. Fermata Advisors LLC now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $1,453,000 after purchasing an additional 453 shares in the last quarter. First Citizens Financial Corp bought a new position in Advanced Micro Devices in the second quarter worth $275,000. Post Resch Tallon Group Inc. purchased a new position in Advanced Micro Devices during the second quarter valued at $339,000. Bill Few Associates Inc. purchased a new position in Advanced Micro Devices during the second quarter valued at $500,000. Finally, SFM LLC bought a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 310,310 shares of company stock valued at $141,185,456 in the last 90 days. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMD shares. Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. Susquehanna upped their price objective on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a report on Wednesday. Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, DA Davidson upped their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $539.35.

Advanced Micro Devices Trading Down 7.0%

Shares of AMD stock opened at $482.05 on Thursday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The stock has a market capitalization of $786.03 billion, a P/E ratio of 123.92 and a beta of 2.48. The firm’s 50 day moving average is $515.79 and its 200 day moving average is $356.42.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.52%. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 6.27 earnings per share for the current year.

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Strong Q2 execution: AMD reported revenue of approximately $11.54 billion, up 50% year over year, and adjusted EPS of $1.66, exceeding analyst estimates. Data Center revenue more than doubled to $6.7 billion, while gross margin expanded to 56%. AMD Q2 Earnings Beat Estimates
• Positive Sentiment: Above-consensus guidance: AMD forecast third-quarter revenue of $12.7 billion to $13.3 billion, ahead of the roughly $12.4 billion consensus. Management also expects Data Center revenue to accelerate late in 2026 and more than double in 2027 as its Helios AI platform ramps. AMD Forecasts Upbeat Revenue
• Positive Sentiment: Analyst support remains strong: Jefferies, Truist, Goldman Sachs, Wedbush, Cantor Fitzgerald and Susquehanna either maintained bullish ratings or raised price targets, citing data-center momentum and AI GPU growth. AMD Price Targets Raised
• Positive Sentiment: AI ecosystem expansion: AMD highlighted collaboration with Meta, OpenAI and Anthropic to optimize AI models on its platform, while a new AI coding-tool system with Super Micro Computer supports broader adoption.
• Neutral Sentiment: Market positioning: AMD’s stock had more than doubled during the year, leaving the valuation and expectations unusually demanding. The post-earnings reaction reflects a reset in expectations rather than a deterioration in current demand.
• Negative Sentiment: Investors wanted a larger AI payoff: Although guidance exceeded official estimates, some analysts viewed the upside as modest relative to the premium already embedded in AMD’s valuation. AMD Investors Seek Bigger AI Payoff
• Negative Sentiment: Heavy investment weighs on near-term profitability: A sharp increase in capital spending to expand AI and data-center capacity raised concerns about cash use, execution risk and whether margins can keep improving.
• Negative Sentiment: Nvidia competition intensified: Elon Musk said SpaceX plans to use Nvidia chips exclusively for its AI infrastructure, reinforcing concerns about AMD’s ability to win major hyperscale customers. AMD Premarket Reaction

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.