Kieckhefer Group LLC Invests $162,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kieckhefer Group LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,340 shares of the semiconductor manufacturer’s stock, valued at approximately $162,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1ST Source Bank lifted its stake in shares of Advanced Micro Devices by 4.8% in the second quarter. 1ST Source Bank now owns 2,338 shares of the semiconductor manufacturer’s stock worth $379,000 after buying an additional 107 shares in the last quarter. Parallel Advisors LLC grew its holdings in Advanced Micro Devices by 5.7% in the 2nd quarter. Parallel Advisors LLC now owns 22,395 shares of the semiconductor manufacturer’s stock valued at $3,633,000 after buying an additional 1,217 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Advanced Micro Devices by 8.2% during the 2nd quarter. Wealthspire Advisors LLC now owns 11,863 shares of the semiconductor manufacturer’s stock worth $1,924,000 after acquiring an additional 901 shares during the period. Lyell Wealth Management LP grew its holdings in shares of Advanced Micro Devices by 13.1% in the second quarter. Lyell Wealth Management LP now owns 85,611 shares of the semiconductor manufacturer’s stock valued at $13,887,000 after purchasing an additional 9,935 shares during the period. Finally, Williams Financial LLC acquired a new stake in Advanced Micro Devices during the second quarter worth about $5,328,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.9 %

NASDAQ:AMD traded down $1.05 on Monday, hitting $114.99. 18,716,522 shares of the stock were exchanged, compared to its average volume of 40,155,270. The stock has a market cap of $186.61 billion, a PE ratio of 103.59, a PEG ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. 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 stock has a fifty day moving average of $132.58 and a 200-day moving average of $146.57.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS 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%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Evercore ISI upped their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen cut their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. Finally, Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.44.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’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 transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last 90 days. Insiders own 0.73% of the company’s stock.

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.