Kestra Private Wealth Services LLC Trims Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kestra Private Wealth Services LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,085 shares of the semiconductor manufacturer’s stock after selling 4,422 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Advanced Micro Devices were worth $10,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. CRA Financial Services LLC acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $213,000. Annex Advisory Services LLC lifted its position in Advanced Micro Devices by 15.7% in the third quarter. Annex Advisory Services LLC now owns 1,705 shares of the semiconductor manufacturer’s stock valued at $280,000 after buying an additional 231 shares during the last quarter. Retirement Planning Group LLC boosted its stake in Advanced Micro Devices by 8.3% during the third quarter. Retirement Planning Group LLC now owns 3,889 shares of the semiconductor manufacturer’s stock worth $638,000 after buying an additional 297 shares during the period. Carnegie Investment Counsel increased its position in shares of Advanced Micro Devices by 28.4% during the third quarter. Carnegie Investment Counsel now owns 40,169 shares of the semiconductor manufacturer’s stock valued at $6,591,000 after acquiring an additional 8,885 shares during the last quarter. Finally, CHICAGO TRUST Co NA raised its stake in shares of Advanced Micro Devices by 51.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 2,949 shares of the semiconductor manufacturer’s stock valued at $484,000 after acquiring an additional 998 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMD. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Trading Down 2.4 %

NASDAQ:AMD opened at $107.56 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $174.30 billion, a PE ratio of 108.65, a P/E/G ratio of 1.04 and a beta of 1.65. The stock’s 50 day moving average price is $123.42 and its 200 day moving average price is $139.74. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

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.