Elefante Mark B Sells 2,221 Shares of Advanced Micro Devices, Inc. $AMD

Elefante Mark B lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,295 shares of the semiconductor manufacturer’s stock after selling 2,221 shares during the period. Advanced Micro Devices makes up about 2.8% of Elefante Mark B’s portfolio, making the stock its 17th largest holding. Elefante Mark B’s holdings in Advanced Micro Devices were worth $3,731,000 at the end of the most recent quarter.

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

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $216.42 on Tuesday. The company’s fifty day moving average price is $171.12 and its 200 day moving average price is $138.42. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $240.10. The company has a market capitalization of $351.22 billion, a PE ratio of 124.38, a price-to-earnings-growth ratio of 2.52 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) 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 firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same period last year, the company posted $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 predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. Truist Financial reiterated a “buy” rating and issued a $273.00 price objective (up previously from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Benchmark increased their price objective on shares of Advanced Micro Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Rosenblatt Securities increased their price objective on shares of Advanced Micro Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $221.64.

Insider Activity

In related news, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents 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 257,318 shares of company stock valued at $42,412,815. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.