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Kestra Private Wealth Services LLC Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices logo with Computer and Technology background

Kestra Private Wealth Services LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 88,745 shares of the semiconductor manufacturer's stock after purchasing an additional 4,660 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Advanced Micro Devices were worth $9,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Brighton Jones LLC grew its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of 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 worth $31,958,000 after buying an additional 29,825 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Advanced Micro Devices by 36.9% in the 4th quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer's stock worth $589,000 after buying an additional 1,315 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $7,089,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Melius Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their price target for the company from $110.00 to $175.00 in a report on Monday, June 23rd. Loop Capital lowered their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird lowered their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a report on Monday, June 23rd. Finally, Benchmark reissued a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have issued a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $153.23.

Check Out Our Latest Analysis on AMD

Advanced Micro Devices Stock Down 2.1%

Shares of AMD stock traded down $3.42 during trading hours on Friday, reaching $156.99. 48,717,572 shares of the company's stock were exchanged, compared to its average volume of 41,807,326. The stock's 50 day moving average is $127.67 and its 200-day moving average is $113.25. The company has a market cap of $254.54 billion, a price-to-earnings ratio of 53.76, a P/E/G ratio of 2.08 and a beta of 2.05. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The business's quarterly revenue was up 35.9% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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