Resonant Capital Advisors LLC Has $613,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Resonant Capital Advisors LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,072 shares of the semiconductor manufacturer’s stock after selling 831 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $613,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMD. Czech National Bank lifted its holdings in Advanced Micro Devices by 7.0% during the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock worth $54,099,000 after acquiring an additional 21,708 shares during the period. GAMMA Investing LLC raised its stake in shares of Advanced Micro Devices by 25.6% during the 3rd quarter. GAMMA Investing LLC now owns 18,749 shares of the semiconductor manufacturer’s stock valued at $3,076,000 after purchasing an additional 3,816 shares during the period. Herbst Group LLC raised its stake in shares of Advanced Micro Devices by 31.3% during the 3rd quarter. Herbst Group LLC now owns 2,103 shares of the semiconductor manufacturer’s stock valued at $345,000 after purchasing an additional 501 shares during the period. Azzad Asset Management Inc. ADV increased its stake in Advanced Micro Devices by 4.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,681 shares of the semiconductor manufacturer’s stock worth $1,753,000 after acquiring an additional 456 shares during the last quarter. Finally, Consilio Wealth Advisors LLC increased its stake in Advanced Micro Devices by 13.9% in the 3rd quarter. Consilio Wealth Advisors LLC now owns 1,890 shares of the semiconductor manufacturer’s stock worth $310,000 after acquiring an additional 231 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Morgan Stanley dropped their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. TD Cowen dropped their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. HSBC restated a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Citigroup lowered their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.77.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $114.27 on Tuesday. The firm has a market capitalization of $185.44 billion, a P/E ratio of 102.95, a P/E/G ratio of 1.03 and a beta of 1.66. The company’s fifty day moving average price is $125.92 and its two-hundred day moving average price is $141.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30.

Advanced Micro Devices 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.