Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by KMG Fiduciary Partners LLC

by · The Markets Daily

KMG Fiduciary Partners LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 27.5% in the third quarter, Holdings Channel.com reports. The fund owned 57,352 shares of the semiconductor manufacturer’s stock after selling 21,747 shares during the quarter. Advanced Micro Devices makes up approximately 0.8% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 28th biggest holding. KMG Fiduciary Partners LLC’s holdings in Advanced Micro Devices were worth $9,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Advanced Micro Devices by 1.6% in the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after purchasing an additional 2,349,288 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock worth $2,159,039,000 after acquiring an additional 188,580 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares during the period. GQG Partners LLC boosted its position in shares of Advanced Micro Devices by 5.0% during the 1st quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer’s stock valued at $1,451,945,000 after acquiring an additional 382,582 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Advanced Micro Devices by 10.4% in the second quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer’s stock valued at $1,215,998,000 after purchasing an additional 707,705 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $155.97 on Friday. The stock has a 50 day moving average price of $153.86 and a 200 day moving average price of $156.94. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $252.10 billion, a price-to-earnings ratio of 229.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on AMD. Citigroup increased their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Truist Financial cut their target price on 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. Robert W. Baird decreased their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $195.00.

Check Out Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Profile

(Free Report)

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.

Further Reading

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