Keynote Financial Services LLC Invests $228,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Keynote Financial Services LLC acquired a new stake in Advanced Micro Devices, purchasing 2,218 shares valued at approximately $228,000 in the first quarter of this year.
• Institutional investors now hold 71.34% of Advanced Micro Devices' stock, with Vanguard Group increasing its position by 1.4% to own more than 152 million shares.
• The company reported an EPS of $0.48 for the last quarter, missing expectations, despite a 31.7% year-over-year revenue increase to $7.69 billion.

Keynote Financial Services LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,218 shares of the semiconductor manufacturer's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Main Street Financial Solutions LLC grew its position in Advanced Micro Devices by 3.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after acquiring an additional 98 shares during the period. Peterson Wealth Services grew its holdings in shares of Advanced Micro Devices by 2.9% during the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after purchasing an additional 103 shares during the period. Lifeworks Advisors LLC increased its position in shares of Advanced Micro Devices by 5.6% during the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock worth $203,000 after purchasing an additional 104 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its holdings in Advanced Micro Devices by 1.5% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after buying an additional 115 shares during the period. Finally, Alaethes Wealth LLC lifted its position in Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $0.36 during trading hours on Friday, hitting $172.76. The company had a trading volume of 68,723,246 shares, compared to its average volume of 66,889,100. The business has a 50 day moving average of $144.55 and a 200-day moving average of $118.25. The company has a market cap of $280.36 billion, a PE ratio of 99.29, a price-to-earnings-growth ratio of 2.06 and a beta of 1.94. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $182.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.97 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Insider Buying and Selling at Advanced Micro Devices

In related 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 completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research note on Monday, June 23rd. Loop Capital decreased their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Truist Financial raised their price target on Advanced Micro Devices from $111.00 to $173.00 and gave the stock a "hold" rating in a research report on Wednesday. UBS Group boosted their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, Wedbush raised their target price on Advanced Micro Devices from $170.00 to $190.00 and gave the company an "outperform" rating in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $178.56.

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.