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

Abner Herrman & Brock LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% during the 2nd quarter, Holdings Channel reports. The fund owned 132,493 shares of the semiconductor manufacturer’s stock after selling 13,488 shares during the quarter. Advanced Micro Devices comprises 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after buying an additional 4,461,609 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock valued at $31,958,000 after buying an additional 29,825 shares during the period. Valicenti Advisory Services Inc. raised its holdings in Advanced Micro Devices by 4.0% in the 1st quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer’s stock valued at $7,893,000 after buying an additional 2,944 shares during the period. Sound Income Strategies LLC raised its holdings in Advanced Micro Devices by 17.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,728 shares of the semiconductor manufacturer’s stock valued at $178,000 after buying an additional 253 shares during the period. Finally, Brighton Jones LLC raised its holdings in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $158.57 on Friday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The company has a market cap of $257.33 billion, a PE ratio of 91.13, a P/E/G ratio of 1.83 and a beta of 1.92. 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 business has a 50-day simple moving average of $163.13 and a 200-day simple moving average of $127.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Barclays boosted their price target on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Three 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.88.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction 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 approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 270,198 shares of company stock valued at $44,183,576. Corporate insiders own 0.06% of the company’s stock.

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.