Naviter Wealth LLC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Naviter Wealth LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,709 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,079 shares during the quarter. Naviter Wealth LLC’s holdings in Advanced Micro Devices were worth $1,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after purchasing an additional 1,153,611 shares in the last quarter. Jennison Associates LLC grew its position in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after acquiring an additional 1,490,997 shares during the last quarter. Northern Trust Corp raised its stake in shares of Advanced Micro Devices by 2.5% during the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock worth $1,631,021,000 after acquiring an additional 385,636 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Advanced Micro Devices by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock worth $893,890,000 after purchasing an additional 79,817 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Advanced Micro Devices by 17.6% in the 3rd quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock valued at $605,221,000 after acquiring an additional 881,140 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research note on Monday. Truist Financial lifted their price objective on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Mizuho upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. UBS Group upped their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group lifted their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $184.68.

Advanced Micro Devices Trading Up 0.4 %

Shares of Advanced Micro Devices stock opened at $160.90 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The firm’s 50 day simple moving average is $177.19 and its two-hundred day simple moving average is $151.21. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $260.04 billion, a price-to-earnings ratio of 308.08, a PEG ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Buying and Selling

In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.65% 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.