Abner Herrman & Brock LLC Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Abner Herrman & Brock LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 145,033 shares of the semiconductor manufacturer’s stock after buying an additional 1,837 shares during the quarter. Advanced Micro Devices makes up 2.2% of Abner Herrman & Brock LLC’s holdings, making the stock its 22nd largest holding. Abner Herrman & Brock LLC’s holdings in Advanced Micro Devices were worth $17,519,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AMD. Creative Capital Management Investments LLC grew its stake in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $32,000. FSA Wealth Management LLC purchased a new stake in Advanced Micro Devices during the third quarter valued at approximately $41,000. Finally, Coston McIsaac & Partners lifted its stake in shares of Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Trading Down 2.4 %

NASDAQ AMD opened at $115.95 on Monday. The firm’s fifty day moving average is $125.92 and its two-hundred day moving average is $141.24. Advanced Micro Devices, Inc. has a one year low of $112.80 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm has a market cap of $188.16 billion, a PE ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Mizuho cut their target price on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Piper Sandler reiterated an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $169.77.

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.