Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Peterson Wealth Services

Peterson Wealth Services grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.7% in the fourth quarter, HoldingsChannel reports. The fund owned 3,547 shares of the semiconductor manufacturer’s stock after acquiring an additional 344 shares during the quarter. Peterson Wealth Services’ holdings in Advanced Micro Devices were worth $428,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the period. Fisher Asset Management LLC increased its stake in shares of Advanced Micro Devices by 2.8% during the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer’s stock worth $3,904,323,000 after purchasing an additional 644,039 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after purchasing an additional 1,565,083 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after buying an additional 177,700 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research reports. UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Barclays dropped their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $110.48 on Tuesday. The stock’s 50-day moving average is $123.42 and its two-hundred day moving average is $139.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The company has a market cap of $179.03 billion, a price-to-earnings ratio of 111.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Advanced Micro Devices Company 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.