Kestra Private Wealth Services LLC Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kestra Private Wealth Services LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,511 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,067 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Advanced Micro Devices were worth $9,362,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 0.8% during the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after acquiring an additional 1,153,611 shares during the last quarter. Jennison Associates LLC grew its position in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. Northern Trust Corp increased its stake in Advanced Micro Devices by 2.5% during the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock worth $1,631,021,000 after acquiring an additional 385,636 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Advanced Micro Devices by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock valued at $893,890,000 after purchasing an additional 79,817 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Advanced Micro Devices by 17.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock valued at $605,221,000 after purchasing an additional 881,140 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD traded up $0.39 on Tuesday, hitting $160.59. The company’s stock had a trading volume of 25,853,269 shares, compared to its average volume of 71,850,219. The company has a market capitalization of $259.54 billion, a PE ratio of 309.89, a PEG ratio of 2.39 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a 50 day moving average price of $177.19 and a 200 day moving average price of $151.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. TD Cowen upped their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Citigroup raised their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Bank of America upped their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.68.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 in the last quarter. Corporate insiders own 0.65% of the company’s stock.

About Advanced Micro Devices

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.