Patten Group Inc. Cuts Stock Position in Advanced Micro Devices, Inc. $AMD

Patten Group Inc. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,998 shares of the semiconductor manufacturer’s stock after selling 1,195 shares during the period. Patten Group Inc.’s holdings in Advanced Micro Devices were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tritonpoint Wealth LLC grew its stake in Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after purchasing an additional 72 shares during the last quarter. Scott & Selber Inc. boosted its holdings in Advanced Micro Devices by 0.7% in the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock worth $1,485,000 after acquiring an additional 73 shares in the last quarter. Sandy Cove Advisors LLC boosted its holdings in Advanced Micro Devices by 1.4% in the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after acquiring an additional 75 shares in the last quarter. Uhlmann Price Securities LLC boosted its holdings in Advanced Micro Devices by 3.4% in the second quarter. Uhlmann Price Securities LLC now owns 2,529 shares of the semiconductor manufacturer’s stock worth $359,000 after acquiring an additional 82 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc boosted its holdings in Advanced Micro Devices by 3.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer’s stock worth $381,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the business’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 transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 225,000 shares of the business’s 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 completion of the transaction, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. The trade was a 6.28% 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 three months. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMD shares. Jefferies Financial Group set a $300.00 price target on Advanced Micro Devices and gave the stock a “positive” rating in a report on Monday, October 6th. Weiss Ratings downgraded Advanced Micro Devices from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Rosenblatt Securities raised their price target on Advanced Micro Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Evercore ISI raised their price target on Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Finally, Susquehanna raised their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.94.

Advanced Micro Devices Trading Down 1.1%

Advanced Micro Devices stock opened at $238.03 on Wednesday. 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, Inc. has a 52 week low of $76.48 and a 52 week high of $242.88. The company has a market capitalization of $386.29 billion, a price-to-earnings ratio of 136.80, a price-to-earnings-growth ratio of 2.20 and a beta of 1.90. The stock has a 50-day moving average price of $178.59 and a 200 day moving average price of $143.81.

Advanced Micro Devices (NASDAQ:AMD) last released its 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). 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 analyst estimates of $7.41 billion. During the same period last year, the firm earned $0.69 EPS. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS 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.