Kestra Investment Management LLC Sells 228 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kestra Investment Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,518 shares of the semiconductor manufacturer’s stock after selling 228 shares during the quarter. Kestra Investment Management LLC’s holdings in Advanced Micro Devices were worth $183,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after buying an additional 177,700 shares during the last quarter. Swiss National Bank boosted its holdings in Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after acquiring an additional 12,500 shares during the period. Shum Financial Group Inc. bought a new position in Advanced Micro Devices during the 3rd quarter worth approximately $858,000. State Street Corp increased its stake in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC lifted its position in Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on 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 approximately $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 currently owned by corporate insiders.

Advanced Micro Devices Stock Down 0.5 %

Shares of Advanced Micro Devices stock opened at $114.17 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The stock has a market capitalization of $185.01 billion, a PE ratio of 115.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The company has a 50-day simple moving average of $119.16 and a two-hundred day simple moving average of $138.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMD shares. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Piper Sandler cut their target price on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company lowered their price target on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, KeyCorp cut their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Two 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.