Key Financial Inc Sells 100 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Financial Inc lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,941 shares of the semiconductor manufacturer’s stock after selling 100 shares during the quarter. Key Financial Inc’s holdings in Advanced Micro Devices were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Tradewinds Capital Management LLC raised its holdings in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the 4th quarter valued at $28,000. Semmax Financial Advisors Inc. grew its stake in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the last quarter. Bare Financial Services Inc acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMD. TD Cowen reiterated a “buy” rating and issued a $210.00 target price on shares of Advanced Micro Devices in a research note on Monday, August 19th. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Tuesday, May 7th. Finally, Truist Financial decreased their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Price Performance

AMD stock traded up $3.07 during trading on Friday, hitting $148.56. 31,139,878 shares of the stock traded hands, compared to its average volume of 62,049,219. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The stock has a market cap of $240.12 billion, a price-to-earnings ratio of 218.47, a P/E/G ratio of 1.79 and a beta of 1.69. The company has a 50 day simple moving average of $153.56 and a 200 day simple moving average of $164.27. The company has a current ratio of 2.82, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.58 EPS for the current fiscal year.

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.