abrdn plc Sells 75,952 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

abrdn plc lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,307,519 shares of the semiconductor manufacturer's stock after selling 75,952 shares during the period. abrdn plc owned 0.08% of Advanced Micro Devices worth $158,406,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AMD. Blodgett Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 3.3% in the fourth quarter. Blodgett Wealth Advisors LLC now owns 6,257 shares of the semiconductor manufacturer's stock worth $756,000 after purchasing an additional 200 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in Advanced Micro Devices by 2.2% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 94,698 shares of the semiconductor manufacturer's stock worth $11,439,000 after purchasing an additional 2,020 shares during the period. GDS Wealth Management grew its position in Advanced Micro Devices by 9.0% in the 4th quarter. GDS Wealth Management now owns 88,136 shares of the semiconductor manufacturer's stock valued at $10,646,000 after buying an additional 7,253 shares in the last quarter. Financial Life Planners bought a new position in Advanced Micro Devices in the 4th quarter valued at about $146,000. Finally, Lazari Capital Management Inc. increased its stake in Advanced Micro Devices by 22.0% during the 4th quarter. Lazari Capital Management Inc. now owns 20,536 shares of the semiconductor manufacturer's stock valued at $2,481,000 after buying an additional 3,697 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on shares of Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday. HSBC restated a "reduce" rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Roth Mkm reiterated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Stifel Nicolaus cut their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Mizuho lowered their target price on Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $158.70.

Advanced Micro Devices Stock Down 2.4 %

Shares of AMD traded down $2.60 during midday trading on Friday, reaching $107.56. 45,877,635 shares of the stock were exchanged, compared to its average volume of 43,600,734. The company has a market cap of $174.55 billion, a price-to-earnings ratio of 96.90, a P/E/G ratio of 1.03 and a beta of 1.66. The firm has a 50 day simple moving average of $124.01 and a 200-day simple moving average of $140.18. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.