Krilogy Financial LLC Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Krilogy Financial LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,758 shares of the semiconductor manufacturer’s stock after selling 5,538 shares during the quarter. Krilogy Financial LLC’s holdings in Advanced Micro Devices were worth $2,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMD. Creative Capital Management Investments LLC increased its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the last quarter. ZRC Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the 4th quarter worth $26,000. Abich Financial Wealth Management LLC lifted its position in Advanced Micro Devices by 101.8% during the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Advanced Micro Devices during the third quarter valued at about $41,000. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were 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 of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. TD Cowen dropped their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Piper Sandler restated an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Citigroup cut their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.61.

Advanced Micro Devices Trading Up 2.5 %

Shares of NASDAQ AMD opened at $121.46 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business’s 50 day moving average is $129.94 and its two-hundred day moving average is $145.32. The stock has a market capitalization of $197.11 billion, a P/E ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.54 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.