Kestra Advisory Services LLC Increases Investment in AMD by 10.3%

Kestra Advisory Services LLC has notably expanded its investment in semiconductor giant Advanced Micro Devices, Inc. (NASDAQ:AMD), boosting its stock holdings by 10.3% during the third quarter. The financial disclosures in the latest 13F filing with the SEC reveal that Kestra Advisory now possesses an impressive 87,650 AMD shares following an acquisition of an additional 8,212 shares in the reporting period. The value of these holdings reached approximately $9.01 million at the time of the last filing.

Other Investors Modify AMD Holdings

Other investors also showed active interest in AMD during the same period. Choreo LLC, Castleview Partners LLC, Left Brain Wealth Management LLC, Insight Advisors LLC PA, and CVA Family Office LLC all made adjustments to their AMD investments, indicating a broader confidence in the company's performance.

Insider Activity in AMD Shares

In related developments, high-level insiders at AMD engaged in buying and selling activities. CAO Darla M. Smith sold 4,000 shares, while insider Victor Peng offloaded a large sum of 100,000 shares of the firm. These transactions provide insights into insider perspectives on the stock's value and potential future direction.

Advanced Micro Devices' Market Performance and Analyst Perspectives

AMD's stock performance has been quite robust, with significant movements in share price over the past year. Equity analysts have weighed in on the company's prospects, offering a range of target prices and ratings that reflect a predominantly optimistic outlook for AMD's stock.

Fiscal Results and AMD's Corporate Overview

The semiconductor manufacturer reported quarterly earnings aligning with analysts' forecasts. With a focus on various technology sectors through its Data Center, Client, Gaming, and Embedded segments, AMD continues to be a leading player in the semiconductor space. Its consistent revenue growth year-over-year is a testament to its solid market position.

Kestra, AMD, Investment