Pictet North America Advisors SA Sells 2,680 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Pictet North America Advisors SA sold 2,680 shares of Advanced Micro Devices, Inc. ($AMD), reducing its stake by 9.5% and valuing its total holdings at approximately $3.6 million.
• In recent months, institutional investors have modified their holdings significantly, including Kingstone Capital Partners acquiring a new position valued at about $958 million.
• Advanced Micro Devices reported a quarterly EPS of $0.48, missing analysts' expectations, but achieved a revenue of $7.69 billion, exceeding estimates of $7.41 billion.

Pictet North America Advisors SA trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,403 shares of the semiconductor manufacturer's stock after selling 2,680 shares during the quarter. Pictet North America Advisors SA's holdings in Advanced Micro Devices were worth $3,605,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMD. Kingstone Capital Partners Texas LLC acquired a new position in Advanced Micro Devices in the second quarter valued at about $958,422,000. Goldman Sachs Group Inc. raised its stake in Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Advanced Micro Devices by 131.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Nuveen LLC acquired a new position in Advanced Micro Devices in the first quarter valued at about $436,746,000. Finally, Parnassus Investments LLC raised its stake in Advanced Micro Devices by 47,883.5% in the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after purchasing an additional 4,133,785 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction on 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 completion of the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,198 shares of company stock worth $44,183,576 over the last 90 days. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 1.5%

NASDAQ AMD opened at $159.79 on Tuesday. The firm has a market capitalization of $259.31 billion, a P/E ratio of 91.83, a PEG ratio of 1.85 and a beta of 1.92. The business has a fifty day simple moving average of $165.29 and a 200 day simple moving average of $129.96. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on AMD. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wedbush reissued a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Finally, Seaport Res Ptn downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $180.88.

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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