Advanced Micro Devices, Inc. $AMD Stock Holdings Trimmed by Argonautica Private Wealth Management Inc.

Key Points

• Argonautica Private Wealth Management cut its AMD stake by 8.5% in the third quarter, selling 2,995 shares. It retained 32,327 shares worth about $19.8 million, with AMD remaining its third-largest holding.
• Institutional investors and hedge funds own 71.34% of AMD shares, and several firms increased their positions during the quarter.
• AMD beat quarterly earnings and revenue estimates, with revenue up 44.7% year over year. Analysts’ consensus rating is Moderate Buy, with an average price target of $633.17.

Argonautica Private Wealth Management Inc. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,327 shares of the semiconductor manufacturer's stock after selling 2,995 shares during the period. Advanced Micro Devices accounts for about 5.0% of Argonautica Private Wealth Management Inc.'s holdings, making the stock its 3rd largest holding. Argonautica Private Wealth Management Inc.'s holdings in Advanced Micro Devices were worth $19,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principle Wealth Partners LLC increased its position in Advanced Micro Devices by 3.4% during the third quarter. Principle Wealth Partners LLC now owns 6,302 shares of the semiconductor manufacturer's stock worth $3,855,000 after buying an additional 210 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Advanced Micro Devices by 6.9% in the third quarter. Kestra Advisory Services LLC now owns 182,806 shares of the semiconductor manufacturer's stock valued at $111,833,000 after acquiring an additional 11,738 shares during the period. Claro Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 3.8% in the third quarter. Claro Advisors Inc. now owns 4,023 shares of the semiconductor manufacturer's stock valued at $2,461,000 after acquiring an additional 149 shares during the period. Genesis Private Wealth LLC purchased a new position in shares of Advanced Micro Devices during the third quarter worth approximately $370,000. Finally, Paulson Wealth Management Inc. grew its position in shares of Advanced Micro Devices by 9.5% during the third quarter. Paulson Wealth Management Inc. now owns 945 shares of the semiconductor manufacturer's stock worth $578,000 after acquiring an additional 82 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Saturday, October 31st. Citigroup increased their price target on shares of Advanced Micro Devices from $575.00 to $800.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. Union Gaming Research restated a "positive" rating on shares of Advanced Micro Devices in a research note on Wednesday. Wedbush reaffirmed an "outperform" rating and issued a $600.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, William Blair reiterated a "market perform" rating on shares of Advanced Micro Devices in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $633.17.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $404.40 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.91 and a current ratio of 2.72. The stock has a market capitalization of $660.17 billion, a P/E ratio of 87.91, a P/E/G ratio of 5.01 and a beta of 2.49. The company's fifty day moving average is $547.37 and its two-hundred day moving average is $413.90. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. Advanced Micro Devices's quarterly revenue was up 44.7% on a year-over-year basis. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.50 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa Su sold 70,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,032,156 shares of the company's stock, valued at $1,536,696,660.80. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares of the company's stock, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 231,100 shares of company stock valued at $114,867,400. Insiders own 0.50% of the company's stock.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD reported record third-quarter revenue, up about 45% year over year, with data-center revenue nearly doubling. Management expects fourth-quarter revenue of roughly $17 billion and has forecast revenue growth above 80% in 2027, reinforcing the potential for AI and data-center demand to drive further gains. Article: Is AMD Stock a Buy as AI Revenue Soars?
• Positive Sentiment: CEO Lisa Su pushed back against concerns about AI spending, arguing that the market is taking a short-term view and reaffirming her confidence in sustained demand for computing power. Article: AMD CEO Lisa Su Calls This Market Moment ‘Short-Sighted’ on AI Spending
• Neutral Sentiment: Some analysts raised their price targets after the results, including DZ Bank to $620 and HSBC to $540; HSBC nevertheless kept a Hold rating, reflecting continued debate over how much growth is already reflected in AMD’s valuation. Article: DZ Bank Adjusts Price Target on Advanced Micro Devices to $620
• Negative Sentiment: The main near-term pressure was a broad chip-sector sell-off following Democratic midterm gains. Investors fear potential AI-industry regulation or slower data-center expansion, and concern about local resistance to data centers added to worries over future AI spending. The sector weakness weighed on AMD despite its earnings beat. Article: Why AMD Stock Is Down Today
• Negative Sentiment: Investors are also questioning AMD’s premium valuation and demanding evidence that its AI products and partnerships will translate into durable profits. Ark Invest’s reported sale of AMD shares in favor of Nvidia added to the competitive and valuation concerns. Article: Cathie Wood Just Sold AMD Stock and Bought This AI Chip Stock Instead

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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