L.M. Kohn & Company Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

L.M. Kohn & Company lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% during the 4th quarter, HoldingsChannel reports. The fund owned 6,973 shares of the semiconductor manufacturer’s stock after acquiring an additional 97 shares during the period. L.M. Kohn & Company’s holdings in Advanced Micro Devices were worth $842,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Csenge Advisory Group raised its holdings in shares of Advanced Micro Devices by 3.9% in the 4th quarter. Csenge Advisory Group now owns 9,530 shares of the semiconductor manufacturer’s stock worth $1,151,000 after purchasing an additional 355 shares during the period. Secured Retirement Advisors LLC raised its stake in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Secured Retirement Advisors LLC now owns 15,624 shares of the semiconductor manufacturer’s stock valued at $1,887,000 after acquiring an additional 929 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Advanced Micro Devices by 47.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 3,640 shares of the semiconductor manufacturer’s stock valued at $440,000 after acquiring an additional 1,177 shares during the period. Allworth Financial LP raised its stake in shares of Advanced Micro Devices by 13.8% in the 4th quarter. Allworth Financial LP now owns 41,258 shares of the semiconductor manufacturer’s stock valued at $5,106,000 after acquiring an additional 4,990 shares during the period. Finally, Quantum Private Wealth LLC raised its stake in shares of Advanced Micro Devices by 11.3% in the 4th quarter. Quantum Private Wealth LLC now owns 29,627 shares of the semiconductor manufacturer’s stock valued at $3,579,000 after acquiring an additional 3,002 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2 %

AMD stock opened at $113.10 on Friday. The firm’s 50-day moving average is $120.43 and its two-hundred day moving average is $138.74. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $183.28 billion, a price-to-earnings ratio of 114.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMD. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Melius Research reiterated a “hold” rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company dropped their target price on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Buying and Selling

In related news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

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.