1,746 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,746 shares of the semiconductor manufacturer’s stock, valued at approximately $286,000.

A number of other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC raised its holdings in shares of Advanced Micro Devices by 5.3% in the 2nd quarter. Park Avenue Securities LLC now owns 54,735 shares of the semiconductor manufacturer’s stock worth $8,879,000 after purchasing an additional 2,749 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $258,000. Greenfield Savings Bank grew its stake in shares of Advanced Micro Devices by 19.0% during the 2nd quarter. Greenfield Savings Bank now owns 4,028 shares of the semiconductor manufacturer’s stock worth $653,000 after acquiring an additional 644 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Advanced Micro Devices during the 2nd quarter worth $478,000. Finally, Valeo Financial Advisors LLC raised its stake in Advanced Micro Devices by 11.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 20,476 shares of the semiconductor manufacturer’s stock valued at $3,321,000 after acquiring an additional 2,118 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $142.06 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a fifty day moving average of $152.16 and a 200-day moving average of $154.03. The stock has a market capitalization of $230.54 billion, a price-to-earnings ratio of 127.98, a price-to-earnings-growth ratio of 1.89 and a beta of 1.71.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating for the company. Piper Sandler reiterated an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. UBS Group reduced their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, TD Cowen decreased their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.79.

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.