Castle Rock Wealth Management LLC Sells 1,132 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Castle Rock Wealth Management reduced its AMD position by 15.6%, selling 1,132 shares in the third quarter and retaining 6,131 shares worth approximately $3.98 million. Institutional investors collectively own 71.34% of AMD.
• AMD insiders sold 213,838 shares valued at roughly $105.5 million over the past 90 days, including CEO Lisa Su’s $35.5 million sale and EVP Forrest Norrod’s $8.7 million sale; both transactions were conducted under pre-arranged Rule 10b5-1 plans.
• AMD reported quarterly revenue of $11.54 billion and EPS of $1.66, exceeding analyst estimates, while revenue grew 50.1% year over year. Analysts maintain a “Moderate Buy” consensus with a $585.26 price target, although the stock’s elevated valuation remains a concern.

Castle Rock Wealth Management LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,131 shares of the semiconductor manufacturer's stock after selling 1,132 shares during the period. Advanced Micro Devices comprises about 0.8% of Castle Rock Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Castle Rock Wealth Management LLC's holdings in Advanced Micro Devices were worth $3,982,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. First Citizens Financial Corp lifted its position in Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 16 shares in the last quarter. Private Client Services LLC lifted its position in shares of Advanced Micro Devices by 1.7% in the third quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock valued at $660,000 after buying an additional 18 shares during the last quarter. Box Hill Private Wealth LLC lifted its position in shares of Advanced Micro Devices by 2.5% in the third quarter. Box Hill Private Wealth LLC now owns 794 shares of the semiconductor manufacturer's stock valued at $486,000 after buying an additional 19 shares during the last quarter. Bullock Wealth Management Group boosted its stake in shares of Advanced Micro Devices by 0.6% during the 3rd quarter. Bullock Wealth Management Group now owns 3,321 shares of the semiconductor manufacturer's stock worth $2,045,000 after acquiring an additional 20 shares during the period. Finally, Baring Financial LLC raised its holdings in Advanced Micro Devices by 4.5% in the 3rd quarter. Baring Financial LLC now owns 491 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 21 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Lisa Su sold 70,000 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the transaction, the chief executive officer owned 3,032,156 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the completion of the transaction, the executive vice president owned 363,317 shares of the company's stock, valued at $182,766,616.85. The trade was a 4.54% decrease in their position. 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 ninety days, insiders sold 213,838 shares of company stock worth $105,533,836. 0.50% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $608.10 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $528.95 and a 200-day moving average price of $459.44. The company has a market cap of $992.71 billion, a PE ratio of 156.32, a price-to-earnings-growth ratio of 6.39 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. Advanced Micro Devices's revenue was up 50.1% compared to the same quarter last year. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.48 earnings per share for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AI infrastructure demand remains strong. TSMC reported record quarterly revenue, while Samsung also posted exceptionally strong results tied to AI memory demand—supportive read-throughs for AMD’s data-center and accelerator businesses. TSMC quarterly results
• Positive Sentiment: AMD is reportedly exploring a foundry and memory partnership with Samsung, potentially improving access to critical manufacturing and high-bandwidth memory as AI chip supply remains constrained. AMD Samsung partnership
• Positive Sentiment: The partnership with Core Scientific highlights potential demand for AMD-powered AI data centers, while analysts and bullish commentators continue to see upside from CPUs, accelerators and inference chips. Core Scientific and AMD partnership
• Neutral Sentiment: AMD scheduled its third-quarter earnings release for November 3. The report will be an important test of whether accelerating AI demand can justify the stock’s elevated valuation. AMD earnings date
• Negative Sentiment: Valuation concerns are dominating sentiment. AMD was cited as trading near 125 times free cash flow, far above Broadcom’s roughly 46 times, leaving little room for execution missteps or slower growth. AMD versus Broadcom valuation
• Negative Sentiment: A broader market selloff, rising Treasury yields and higher oil prices pressured richly valued technology shares. ARK Invest also sold approximately $14 million of AMD stock, adding a modest negative sentiment signal. ARK Invest AMD sale

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent research reports. BMO Capital Markets started coverage on shares of Advanced Micro Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target on the stock. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday. Argus raised their price target on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. CLSA restated an "outperform" rating and set a $710.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 9th. Finally, Piper Sandler started coverage on Advanced Micro Devices in a research report on Tuesday, September 15th. They issued an "overweight" rating and a $600.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $585.26.

Advanced Micro Devices Profile

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

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

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