Thurston Springer Miller Herd & Titak Inc. Has $637,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,273 shares of the semiconductor manufacturer’s stock after buying an additional 768 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Advanced Micro Devices were worth $637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in Advanced Micro Devices by 1.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,540,685 shares of the semiconductor manufacturer’s stock valued at $1,031,629,000 after purchasing an additional 119,919 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 18.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 44,766 shares of the semiconductor manufacturer’s stock worth $5,407,000 after buying an additional 7,046 shares during the last quarter. Community Trust & Investment Co. grew its holdings in shares of Advanced Micro Devices by 3.4% in the 4th quarter. Community Trust & Investment Co. now owns 147,990 shares of the semiconductor manufacturer’s stock valued at $17,876,000 after acquiring an additional 4,797 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $1,936,000. Finally, Floyd Financial Group LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth about $433,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMD. Roth Mkm restated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. KeyCorp lowered their target price on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.68.

Advanced Micro Devices Stock Up 3.3 %

Shares of AMD opened at $119.96 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The firm’s 50 day moving average is $131.60 and its 200-day moving average is $145.95. The stock has a market capitalization of $194.67 billion, a PE ratio of 108.07, a P/E/G ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

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

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.