KPP Advisory Services LLC Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

KPP Advisory Services LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,807 shares of the semiconductor manufacturer’s stock after purchasing an additional 288 shares during the quarter. KPP Advisory Services LLC’s holdings in Advanced Micro Devices were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Creative Capital Management Investments LLC boosted its stake in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares during the last quarter. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at $32,000. FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the 3rd quarter valued at $41,000. Finally, Coston McIsaac & Partners boosted its stake in Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s 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 transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMD shares. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Barclays dropped their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $169.77.

Advanced Micro Devices Stock Down 2.4 %

Advanced Micro Devices stock opened at $115.95 on Monday. The stock has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 1.04 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $125.92 and its two-hundred day moving average price is $141.24. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30.

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.