Castle Rock Wealth Management LLC Sells 419 Shares of Advanced Micro Devices, Inc. $AMD

Castle Rock Wealth Management LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,315 shares of the semiconductor manufacturer’s stock after selling 419 shares during the period. Castle Rock Wealth Management LLC’s holdings in Advanced Micro Devices were worth $470,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wise Wealth Partners bought a new stake in Advanced Micro Devices during the second quarter valued at about $343,000. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices during the second quarter valued at about $343,000. Davis Investment Partners LLC bought a new stake in Advanced Micro Devices during the second quarter valued at about $736,000. REAP Financial Group LLC boosted its stake in shares of Advanced Micro Devices by 16.9% in the second quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer’s stock worth $170,000 after acquiring an additional 173 shares during the period. Finally, Sivia Capital Partners LLC boosted its stake in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after acquiring an additional 2,970 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMD. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $185.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday. Jefferies Financial Group set a $300.00 price objective on Advanced Micro Devices and gave the stock a “positive” rating in a research note on Monday. Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a research note on Monday. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday. Finally, HSBC dropped their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Three equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.70.

Insiders Place Their Bets

In other news, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This trade represents a 24.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares of the company’s stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 275,316 shares of company stock worth $45,203,045. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $235.56 on Thursday. The stock has a 50 day moving average of $168.34 and a 200 day moving average of $135.71. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $235.87. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market cap of $382.28 billion, a PE ratio of 135.38, a PEG ratio of 2.50 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, 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.