2,902 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by Peterson Wealth Services

Peterson Wealth Services purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,902 shares of the semiconductor manufacturer’s stock, valued at approximately $428,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Roman Butler Fullerton & Co. increased its stake in Advanced Micro Devices by 19.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 3,937 shares of the semiconductor manufacturer’s stock valued at $580,000 after purchasing an additional 643 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Advanced Micro Devices by 3.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 46,362 shares of the semiconductor manufacturer’s stock worth $6,834,000 after purchasing an additional 1,664 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Advanced Micro Devices by 18.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 299,852 shares of the semiconductor manufacturer’s stock worth $44,201,000 after purchasing an additional 46,432 shares during the last quarter. Stone House Investment Management LLC boosted its holdings in Advanced Micro Devices by 6.6% during the fourth quarter. Stone House Investment Management LLC now owns 1,732 shares of the semiconductor manufacturer’s stock worth $255,000 after purchasing an additional 107 shares during the last quarter. Finally, KLCM Advisors Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $1,700,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent research reports. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $180.00 to $225.00 in a report on Tuesday. Truist Financial increased their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research note on Monday, March 4th. DZ Bank reiterated a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Finally, Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Trading Up 1.4 %

NASDAQ:AMD traded up $2.11 during mid-day trading on Thursday, hitting $156.13. 22,947,713 shares of the company’s stock were exchanged, compared to its average volume of 74,242,242. The company has a 50 day simple moving average of $180.44 and a 200-day simple moving average of $148.23. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The firm has a market capitalization of $252.33 billion, a P/E ratio of 299.77, a PEG ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 in the last ninety days. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Profile

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.