Kestra Advisory Services LLC increased its holdings of Advanced Micro Devices, Inc. (NASDAQ: AMD – Get Rating) stock by 29.1% in Q1, according to its latest filing with the Securities and Exchange Commission. The company held 61,988 shares of the semiconductor maker after buying an additional 13,955 shares during the quarter. Kestra Advisory Services LLC’s holdings in Advanced Micro Devices were worth $6,778,000 at the end of the last quarter.
Other hedge funds and other institutional investors also bought and sold shares of the company. MBM Wealth Consultants LLC acquired a new stake in Advanced Micro Devices during Q4 valued at approximately $25,000. Cordasco Financial Network increased its position in shares of Advanced Micro Devices by 287.5% during the first quarter. Cordasco Financial Network now owns 279 shares of the semiconductor maker worth $31,000 after acquiring 207 more shares in the last quarter. AlphaCentric Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter at a value of $32,000. First Command Financial Services Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $34,000. Finally, Delos Wealth Advisors LLC increased its stake in Advanced Micro Devices by 95.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor maker valued at $34,000 after acquiring 115 additional shares in the last quarter. 69.61% of the shares are currently held by institutional investors.
A number of brokerage firms have weighed in on AMD recently. Northland Securities upgraded Advanced Micro Devices from a “market performer” rating to an “outperformer” rating and reduced its price target for the company from $97.00 to $95.00 in a research report Thursday, June 30. Susquehanna reduced its price target on Advanced Micro Devices from $160.00 to $140.00 in a Wednesday, May 4 research note. Jefferies Financial Group cut its price target on Advanced Micro Devices from $155.00 to $147.00 in a Wednesday, May 4 report. Bank of America cut its price target on shares of Advanced Micro Devices from $160.00 to $110.00 and set a “buy” rating for the company in a Wednesday, June 29 report. Finally, KeyCorp cut its price target on Advanced Micro Devices stock from $165.00 to $150.00 in a Wednesday, May 4 research note. Ten equity research analysts gave the stock a hold rating, nineteen gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $136.04.
Advanced Micro Devices stock opened at $79.35 on Monday. The company has a debt ratio of 0.03, a current ratio of 2.40 and a quick ratio of 1.96. The stock has a market cap of $128.59 billion, a price-to-earnings ratio of 29.50, a growth price-to-earnings ratio of 0.71 and a beta of 1.94. The company has a 50-day moving average of $90.56 and a two-hundred-day moving average of $107.00. Advanced Micro Devices, Inc. has a 1-year minimum of $71.60 and a 1-year maximum of $164.46.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its quarterly results on Tuesday, May 3. The semiconductor maker reported earnings per share of $1.02 for the quarter, beating the consensus estimate of $0.83 by $0.19. Advanced Micro Devices had a net margin of 17.98% and a return on equity of 20.66%. The company posted revenue of $5.89 billion in the quarter, versus a consensus estimate of $5.57 billion. In the same quarter a year earlier, the company posted earnings per share of $0.47. The company’s revenue increased 70.9% year over year. Research analysts expect Advanced Micro Devices, Inc. to post 4 earnings per share for the current year.
Separately, CFO Devinder Kumar sold 28,966 shares of Advanced Micro Devices in a trade dated Wednesday, May 18. The stock was sold at an average price of $100.00, for a total value of $2,896,600.00. Following the completion of the sale, the CFO now directly owns 524,370 shares of the company, valued at $52,437,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders hold 1.00% of the shares of the company.
About advanced micro devices (Get a rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The Company operates in two segments, Computing and Graphics; and Enterprise, embedded and semi-personalized. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data centers and professional GPUs, as well as development services; and embedded servers and processors, and semi-custom System-on-Chip (SoC) products, game console technology and development services.
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