KPP Advisory Services LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,655 shares of the semiconductor manufacturer’s stock after acquiring an additional 333 shares during the quarter. KPP Advisory Services LLC’s holdings in Advanced Micro Devices were worth $802,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Wise Wealth Partners bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $343,000. Parisi Gray Wealth Management acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at $343,000. Davis Investment Partners LLC acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at $736,000. REAP Financial Group LLC grew its position in Advanced Micro Devices by 16.9% in the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer’s stock valued at $170,000 after purchasing an additional 173 shares during the period. Finally, Sivia Capital Partners LLC grew its position in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after purchasing an additional 2,970 shares during the period. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Price Performance
AMD opened at $234.99 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market capitalization of $381.35 billion, a price-to-earnings ratio of 135.05, a P/E/G ratio of 2.10 and a beta of 1.90. The firm’s fifty day moving average price is $180.58 and its two-hundred day moving average price is $145.45. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $242.88.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AMD. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. Truist Financial reissued a “buy” rating and issued a $273.00 price target (up previously from $213.00) on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Bank of America lifted their price target on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft set a $235.00 price objective on shares of Advanced Micro Devices and gave the stock a “hold” rating in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $233.94.
Check Out Our Latest Stock Analysis on Advanced Micro Devices
Insider Buying and Selling
In related news, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at $384,529,181.40. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,118 shares of company stock worth $46,180,719 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.
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.
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