Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Increased by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,166 shares of the semiconductor manufacturer’s stock after buying an additional 439 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Advanced Micro Devices were worth $467,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $231,000. Pathway Financial Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $229,000. Independence Bank of Kentucky lifted its holdings in shares of Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Gendell Jeffrey L acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $3,085,000. Finally, Sara Bay Financial acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $315,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group raised their target price on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research note on Wednesday, January 31st. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Barclays increased their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $3.64 on Friday, hitting $157.40. 42,425,480 shares of the company were exchanged, compared to its average volume of 72,781,539. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company’s 50 day moving average price is $177.46 and its two-hundred day moving average price is $150.27. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The firm has a market capitalization of $254.38 billion, a price-to-earnings ratio of 302.70, a PEG ratio of 2.31 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Activity

In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by corporate insiders.

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.