Federated Hermes Inc. Sells 304,943 Shares of Advanced Micro Devices, Inc. $AMD

Federated Hermes Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 66.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,800 shares of the semiconductor manufacturer’s stock after selling 304,943 shares during the period. Federated Hermes Inc.’s holdings in Advanced Micro Devices were worth $21,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMD. Pinney & Scofield Inc. raised its stake in shares of Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the period. Dogwood Wealth Management LLC grew its holdings in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares in the last quarter. Avion Wealth increased its position in shares of Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 72 shares during the period. West Branch Capital LLC lifted its holdings in shares of Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of Advanced Micro Devices by 185.3% in the first quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 215 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 58,476 shares of company stock worth $13,356,593. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Up 0.2%

AMD stock opened at $221.62 on Wednesday. The company has a market capitalization of $360.81 billion, a PE ratio of 109.71, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The company’s 50 day moving average price is $228.01 and its two-hundred day moving average price is $177.81.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James Financial started coverage on shares of Advanced Micro Devices in a report on Thursday, November 20th. They set an “outperform” rating and a $377.00 target price on the stock. Barclays reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on Advanced Micro Devices and gave the company a “hold” rating in a research note on Tuesday, October 14th. Susquehanna restated a “positive” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 31st. Finally, Erste Group Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $278.54.

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.