Cyndeo Wealth Partners LLC Has $461,000 Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Cyndeo Wealth Partners LLC significantly reduced its holdings in Advanced Micro Devices, Inc. ($AMD) by 87.0%, ending the quarter with assets valued at $461,000.
• Analysts have raised their price targets for AMD shares, with Evercore ISI and Piper Sandler both setting targets of $240.00, and Morgan Stanley increasing its target to $246.00.
• Insider selling was notable, with CEOs selling over 275,000 shares of AMD stock, totaling approximately $45.2 million in the last ninety days.

Cyndeo Wealth Partners LLC cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 87.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,249 shares of the semiconductor manufacturer's stock after selling 21,779 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Advanced Micro Devices were worth $461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tritonpoint Wealth LLC boosted its holdings in Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock valued at $405,000 after purchasing an additional 72 shares during the period. Scott & Selber Inc. boosted its holdings in Advanced Micro Devices by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer's stock valued at $1,485,000 after purchasing an additional 73 shares during the period. Sandy Cove Advisors LLC boosted its holdings in Advanced Micro Devices by 1.4% in the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock valued at $776,000 after purchasing an additional 75 shares during the period. Pine Haven Investment Counsel Inc boosted its holdings in Advanced Micro Devices by 3.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer's stock valued at $381,000 after purchasing an additional 85 shares during the period. Finally, Seaview Investment Managers LLC boosted its holdings in Advanced Micro Devices by 4.3% in the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares of the company's stock, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares of the company's stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,316 shares of company stock worth $45,203,045 over the last ninety days. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMD shares. Evercore ISI increased their price target on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday. Piper Sandler reissued an "overweight" rating and issued a $240.00 price target on shares of Advanced Micro Devices in a report on Tuesday. Morgan Stanley increased their price target on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the company an "equal weight" rating in a report on Tuesday, October 7th. Wedbush reissued a "cautious" rating on shares of Advanced Micro Devices in a report on Saturday, August 9th. Finally, Jefferies Financial Group set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock a "positive" rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $218.25.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $214.76 on Friday. 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 firm's 50-day simple moving average is $170.33 and its 200-day simple moving average is $137.41. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $240.10. The firm has a market cap of $348.51 billion, a P/E ratio of 123.42, a price-to-earnings-growth ratio of 2.53 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The company's revenue for the quarter was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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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