Argonautica Private Wealth Management Inc. Sells 578 Shares of Advanced Micro Devices, Inc. $AMD

Argonautica Private Wealth Management Inc. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,645 shares of the semiconductor manufacturer’s stock after selling 578 shares during the period. Advanced Micro Devices accounts for 1.7% of Argonautica Private Wealth Management Inc.’s holdings, making the stock its 12th biggest position. Argonautica Private Wealth Management Inc.’s holdings in Advanced Micro Devices were worth $5,484,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tritonpoint Wealth LLC grew 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 buying an additional 72 shares in the last quarter. Scott & Selber Inc. grew 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 buying an additional 73 shares in the last quarter. Sandy Cove Advisors LLC grew 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 buying an additional 75 shares in the last quarter. Uhlmann Price Securities LLC grew its holdings in Advanced Micro Devices by 3.4% in the 2nd quarter. Uhlmann Price Securities LLC now owns 2,529 shares of the semiconductor manufacturer’s stock valued at $359,000 after buying an additional 82 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc grew 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 buying an additional 85 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Benchmark increased their target price on Advanced Micro Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Hsbc Global Res raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Seaport Res Ptn downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, Wedbush upped their price objective on Advanced Micro Devices from $190.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.94.

Advanced Micro Devices Trading Down 1.1%

Shares of AMD stock opened at $238.03 on Wednesday. The company has a market cap of $386.29 billion, a P/E ratio of 136.80, a PEG ratio of 2.20 and a beta of 1.90. The stock has a 50 day simple moving average of $178.59 and a two-hundred day simple moving average of $143.81. 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, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $242.88.

Advanced Micro Devices (NASDAQ:AMD) last issued 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). The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,118 shares of company stock valued at $46,180,719 in the last 90 days. Company insiders own 0.06% of the company’s stock.

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.