Tritonpoint Wealth LLC Increases Stake in Advanced Micro Devices, Inc. $AMD

Tritonpoint Wealth LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,857 shares of the semiconductor manufacturer’s stock after buying an additional 72 shares during the period. Tritonpoint Wealth LLC’s holdings in Advanced Micro Devices were worth $405,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Advanced Micro Devices by 1.4% in the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock valued at $15,654,222,000 after buying an additional 2,157,199 shares in the last quarter. Amundi boosted its position in Advanced Micro Devices by 8.0% during the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after purchasing an additional 1,319,064 shares in the last quarter. Invesco Ltd. boosted its position in Advanced Micro Devices by 4.0% during the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after purchasing an additional 450,695 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Advanced Micro Devices by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock worth $1,083,815,000 after purchasing an additional 466,048 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Benchmark boosted their target price on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Mizuho boosted their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. TD Cowen upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Friday, June 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.88.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $159.46 on Monday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a 50 day moving average price of $165.48 and a 200 day moving average price of $131.71. The firm has a market capitalization of $258.78 billion, a price-to-earnings ratio of 91.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate 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 company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. 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.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 272,448 shares of company stock valued at $44,554,848. 0.06% of the stock is owned by company insiders.

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.