Kestra Advisory Services Increases Investment in AMD to Over $9 Million

Kestra Advisory Services LLC has notably increased its investment in semiconductor giant Advanced Micro Devices, Inc. (AMD), as indicated by its recent 13F filing with the Securities and Exchange Commission (SEC). The financial advisory firm's move reflects a 10.3% boost in its AMD holdings during the third quarter, bringing its total to 87,650 shares. This augmentation includes the purchase of an additional 8,212 shares, which places the value of Kestra's investment in AMD at approximately $9.01 million.

Other Investors Shifting AMD Positions

Several other prominent investors have also repositioned their AMD stakes. Choreo LLC made a modest 1.4% increase in their shares, whereas Castleview Partners LLC significantly raised their holdings by 62.5%. Left Brain Wealth Management, Insight Advisors LLC PA, and CVA Family Office LLC also expanded their investments in AMD, albeit to varying degrees.

AMD Executive Transactions

Inside AMD, corporate transactions have been active. CAO Darla M. Smith sold 4,000 shares, with the transaction details made public in SEC filings. Similarly, insider Victor Peng parted with 100,000 shares, with both executives' sales yielding substantial proceeds.

Analysts Offer Insights on AMD Stock

Equity analysts remain largely bullish on AMD, issuing several upgraded ratings and increased target prices, signaling positive market sentiment toward the company.

AMD's Financial Performance

AMD's stock price has demonstrated strong performance, along with their recent quarterly earnings matching analyst expectations. The company's revenue reflects a growth trend, consistent with the optimistic projections made by equity research analysts.

About Advanced Micro Devices

AMD operates globally as a semiconductor enterprise, offering a wide portfolio of products including x86 microprocessors, GPUs, embedded processors, and more. The company caters to various market segments such as data centers, client computing, gaming, and embedded systems.

Kestra, AMD, investment