Abner Herrman & Brock LLC Trims Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Abner Herrman & Brock LLC has reduced its holdings in Advanced Micro Devices (AMD) by 9.2%, now owning 132,493 shares valued at approximately $18.8 million.
• Several institutional investors have significantly increased their positions in AMD, with Goldman Sachs raising its holdings by 169.7% to own nearly $1.01 billion worth of shares.
• In recent insider trading, CEO Lisa T. Su sold 225,000 shares of AMD stock, reducing her stake in the company by 6.28%, valued at around $36.9 million.

Abner Herrman & Brock LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 132,493 shares of the semiconductor manufacturer's stock after selling 13,488 shares during the quarter. Advanced Micro Devices accounts for about 2.1% of Abner Herrman & Brock LLC's portfolio, making the stock its 24th largest holding. Abner Herrman & Brock LLC's holdings in Advanced Micro Devices were worth $18,801,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMD. Goldman Sachs Group Inc. increased its holdings in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Nuveen LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at approximately $436,746,000. Finally, Parnassus Investments LLC increased its holdings in shares of Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer's stock valued at $425,592,000 after purchasing an additional 4,133,785 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the sale, the executive vice president owned 313,848 shares of the company's stock, valued at $50,507,558.64. The trade was a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction 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 transaction, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 270,198 shares of company stock worth $44,183,576. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 1.9%

Shares of AMD opened at $158.57 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm's fifty day moving average is $163.13 and its two-hundred day moving average is $127.28. The stock has a market cap of $257.33 billion, a PE ratio of 91.13, a price-to-earnings-growth ratio of 1.83 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (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 business 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. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. Truist Financial raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and lifted their target price for the company from $173.00 to $213.00 in a report on Tuesday, August 26th. Hsbc Global Res raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Evercore ISI lifted their price target on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, Morgan Stanley dropped their price target on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $180.88.

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.

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