KPP Advisory Services LLC Sells 1,873 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

KPP Advisory Services LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,519 shares of the semiconductor manufacturer’s stock after selling 1,873 shares during the period. KPP Advisory Services LLC’s holdings in Advanced Micro Devices were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Natixis Advisors LLC lifted its stake in shares of Advanced Micro Devices by 31.7% during the 3rd quarter. Natixis Advisors LLC now owns 847,342 shares of the semiconductor manufacturer’s stock worth $139,032,000 after purchasing an additional 204,002 shares during the last quarter. Coastline Trust Co lifted its stake in Advanced Micro Devices by 6.4% during the 3rd quarter. Coastline Trust Co now owns 19,183 shares of the semiconductor manufacturer’s stock valued at $3,148,000 after acquiring an additional 1,150 shares during the period. Linscomb Wealth Inc. boosted its holdings in shares of Advanced Micro Devices by 2.5% in the 3rd quarter. Linscomb Wealth Inc. now owns 13,934 shares of the semiconductor manufacturer’s stock valued at $2,286,000 after acquiring an additional 339 shares during the last quarter. KCM Investment Advisors LLC increased its stake in shares of Advanced Micro Devices by 1.8% in the third quarter. KCM Investment Advisors LLC now owns 70,986 shares of the semiconductor manufacturer’s stock worth $11,647,000 after acquiring an additional 1,265 shares during the period. Finally, Bank of Marin lifted its position in Advanced Micro Devices by 1.3% during the third quarter. Bank of Marin now owns 6,007 shares of the semiconductor manufacturer’s stock valued at $986,000 after purchasing an additional 80 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. Roth Mkm reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Citigroup decreased their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays dropped their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Truist Financial decreased their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $3.94 on Friday, hitting $134.90. The stock had a trading volume of 44,217,530 shares, compared to its average volume of 55,610,250. The company’s 50 day moving average price is $154.51 and its 200 day moving average price is $155.02. The stock has a market cap of $218.92 billion, a price-to-earnings ratio of 121.53, a P/E/G ratio of 1.93 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Advanced Micro Devices Company 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.