Kovack Advisors Inc. Has $2.59 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kovack Advisors Inc. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,443 shares of the semiconductor manufacturer’s stock after selling 1,941 shares during the period. Kovack Advisors Inc.’s holdings in Advanced Micro Devices were worth $2,590,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMD. Mn Services Vermogensbeheer B.V. grew its position in Advanced Micro Devices by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 638,096 shares of the semiconductor manufacturer’s stock worth $77,076,000 after purchasing an additional 13,200 shares during the last quarter. Flynn Zito Capital Management LLC lifted its holdings in Advanced Micro Devices by 1.8% in the fourth quarter. Flynn Zito Capital Management LLC now owns 16,859 shares of the semiconductor manufacturer’s stock valued at $2,036,000 after buying an additional 293 shares during the period. New York Life Investment Management LLC raised its holdings in Advanced Micro Devices by 1.1% in the fourth quarter. New York Life Investment Management LLC now owns 244,138 shares of the semiconductor manufacturer’s stock worth $29,489,000 after purchasing an additional 2,760 shares during the period. Harfst & Associates Inc. increased its position in shares of Advanced Micro Devices by 44.8% during the fourth quarter. Harfst & Associates Inc. now owns 25,652 shares of the semiconductor manufacturer’s stock worth $3,099,000 after acquiring an additional 7,940 shares in the last quarter. Finally, Apriem Advisors increased its position in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Apriem Advisors now owns 21,313 shares of the semiconductor manufacturer’s stock worth $2,574,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AMD shares. Bank of America decreased their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Mizuho cut their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Stock Up 0.8 %

Shares of AMD opened at $104.74 on Thursday. Advanced Micro Devices, Inc. has a 52-week low of $103.62 and a 52-week high of $227.30. The company has a market capitalization of $169.73 billion, a PE ratio of 105.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. The stock has a fifty day simple moving average of $117.72 and a two-hundred day simple moving average of $137.42. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices 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.