KG&L Capital Management LLC Has $6.64 Million Holdings in Advanced Micro Devices, Inc. $AMD

KG&L Capital Management LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 41,054 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,544 shares during the period. Advanced Micro Devices makes up approximately 1.8% of KG&L Capital Management LLC’s portfolio, making the stock its 12th biggest holding. KG&L Capital Management LLC’s holdings in Advanced Micro Devices were worth $6,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWA Asset Management Group LLC grew its holdings in Advanced Micro Devices by 15.0% during the third quarter. CWA Asset Management Group LLC now owns 14,141 shares of the semiconductor manufacturer’s stock worth $2,288,000 after buying an additional 1,842 shares in the last quarter. Kercheville Advisors LLC boosted its holdings in Advanced Micro Devices by 43.4% during the 3rd quarter. Kercheville Advisors LLC now owns 17,710 shares of the semiconductor manufacturer’s stock worth $2,865,000 after acquiring an additional 5,360 shares during the last quarter. Family Investment Center Inc. grew its stake in shares of Advanced Micro Devices by 76.0% in the 3rd quarter. Family Investment Center Inc. now owns 3,025 shares of the semiconductor manufacturer’s stock worth $489,000 after acquiring an additional 1,306 shares in the last quarter. Ifrah Financial Services Inc. purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at about $201,000. Finally, Daymark Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 56.0% during the third quarter. Daymark Wealth Partners LLC now owns 59,316 shares of the semiconductor manufacturer’s stock valued at $9,597,000 after purchasing an additional 21,301 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the sale, the chief executive officer directly owned 3,277,476 shares in the company, valued at $705,116,186.64. The trade was a 3.67% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 178,358 shares of company stock valued at $39,229,623. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, December 29th. Cantor Fitzgerald set a $300.00 target price on Advanced Micro Devices in a report on Tuesday, December 16th. The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Loop Capital set a $290.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Melius Research set a $380.00 target price on Advanced Micro Devices in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $277.06.

Advanced Micro Devices Stock Up 4.3%

AMD stock opened at $223.47 on Monday. The stock has a fifty day moving average of $226.12 and a 200-day moving average of $189.89. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The company has a market capitalization of $363.82 billion, a price-to-earnings ratio of 110.63, a PEG ratio of 0.95 and a beta of 1.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.