Advanced Micro Devices, Inc. $AMD Stake Cut by Fortitude Family Office LLC

Key Points

• Fortitude Family Office LLC significantly reduced its stake in Advanced Micro Devices, cutting its holdings by 85.0% during the second quarter to just 383 shares.
• Multiple institutional investors have also adjusted their positions; for example, Sivia Capital Partners LLC increased its stake by 125.1%, while Davis Investment Partners LLC and Parisi Gray Wealth Management established new positions valued at $736,000 and $343,000 respectively.
• Analysts have raised their price targets for AMD stock, with Piper Sandler setting a new target of $190.00 and Bank of America raising its target to $200.00, indicating strong bullish sentiment towards the company's future performance.

Fortitude Family Office LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 85.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383 shares of the semiconductor manufacturer's stock after selling 2,162 shares during the quarter. Fortitude Family Office LLC's holdings in Advanced Micro Devices were worth $54,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parisi Gray Wealth Management bought a new position in Advanced Micro Devices during the second quarter worth $343,000. Davis Investment Partners LLC bought a new position in Advanced Micro Devices during the second quarter worth $736,000. Sivia Capital Partners LLC lifted its stake in Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after purchasing an additional 2,970 shares during the last quarter. Fragasso Financial Advisors Inc lifted its stake in Advanced Micro Devices by 151.3% during the second quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer's stock worth $799,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new position in Advanced Micro Devices during the first quarter worth $644,000. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated 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 directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction dated 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 sale, the executive vice president owned 313,848 shares of the company's stock, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMD. Piper Sandler raised their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein raised their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Raymond James Financial raised their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Bank of America raised their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, TD Cowen raised 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. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $180.88.

Advanced Micro Devices Trading Up 0.7%

NASDAQ:AMD opened at $160.90 on Wednesday. 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 1-year low of $76.48 and a 1-year high of $186.65. The firm has a market capitalization of $261.11 billion, a price-to-earnings ratio of 92.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. The stock has a fifty day simple moving average of $165.40 and a 200 day simple moving average of $130.18.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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 net margin of 9.57% and a return on equity of 7.54%. The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the business earned $0.69 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.

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