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

Thurston Springer Miller Herd & Titak Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.0% in the fourth quarter, Holdings Channel reports. The fund owned 5,273 shares of the semiconductor manufacturer’s stock after acquiring an additional 768 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Advanced Micro Devices were worth $637,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. raised 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 during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 18.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 44,766 shares of the semiconductor manufacturer’s stock valued at $5,407,000 after buying an additional 7,046 shares during the period. Community Trust & Investment Co. raised its holdings in 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 buying an additional 4,797 shares during the last quarter. Oak Thistle LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $1,936,000. Finally, Floyd Financial Group LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $433,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. KeyCorp cut their target price on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Loop Capital initiated coverage on Advanced Micro Devices in a report on Tuesday. They issued a “buy” rating and a $175.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.68.

Advanced Micro Devices Stock Performance

Shares of AMD stock 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. The firm has a fifty day simple moving average of $131.60 and a two-hundred day simple moving average of $145.95. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The firm has a market capitalization of $194.67 billion, a PE ratio of 108.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

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

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.73% 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.