Elite Wealth Management Inc. Sells 1,363 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Elite Wealth Management Inc. reduced its stake in Advanced Micro Devices, Inc. by 9.3%, selling 1,363 shares, which puts their total holdings at 13,365 shares valued at approximately $1.9 million.
• Among institutional investors, Farmers & Merchants Trust Co increased its position by 277.8%, while various other firms significantly raised their stakes, indicating a trend of increasing investment in AMD.
• In recent insider trading, AMD's CEO Lisa T. Su sold 225,000 shares for over $36 million, reducing her position by 6.28%, and highlighting considerable insider activity in the company.

Elite Wealth Management Inc. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,365 shares of the semiconductor manufacturer's stock after selling 1,363 shares during the period. Advanced Micro Devices comprises 0.6% of Elite Wealth Management Inc.'s portfolio, making the stock its 15th biggest holding. Elite Wealth Management Inc.'s holdings in Advanced Micro Devices were worth $1,896,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC raised its position in Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Dogwood Wealth Management LLC raised its position in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after purchasing an additional 208 shares in the last quarter. West Branch Capital LLC raised its position in Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 214 shares in the last quarter. Finally, Bear Mountain Capital Inc. raised its position in Advanced Micro Devices by 75.0% in the first quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, SVP Ava Hahn sold 2,868 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. This trade represents a 24.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,316 shares of company stock worth $45,203,045. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMD shares. Erste Group Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Evercore ISI raised their price objective on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday. Weiss Ratings lowered shares of Advanced Micro Devices from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday. Citigroup raised their price objective on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a report on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $217.70.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $232.89 on Friday. The business's 50 day moving average price is $169.47 and its 200 day moving average price is $136.53. The firm has a market cap of $377.94 billion, a P/E ratio of 133.84, a P/E/G ratio of 2.77 and a beta of 1.90. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $240.10. 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 (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the company posted $0.69 EPS. 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. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices Company Profile

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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