Invera Wealth Advisors LLC Has $2.64 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Invera Wealth Advisors LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,615 shares of the semiconductor manufacturer’s stock after acquiring an additional 576 shares during the period. Advanced Micro Devices makes up approximately 2.2% of Invera Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position. Invera Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $2,638,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Nilsine Partners LLC grew its stake in Advanced Micro Devices by 6.2% during the first quarter. Nilsine Partners LLC now owns 15,367 shares of the semiconductor manufacturer’s stock worth $2,774,000 after buying an additional 903 shares in the last quarter. Harbour Trust & Investment Management Co grew its stake in Advanced Micro Devices by 9.0% during the first quarter. Harbour Trust & Investment Management Co now owns 2,592 shares of the semiconductor manufacturer’s stock worth $468,000 after buying an additional 213 shares in the last quarter. PFG Investments LLC grew its stake in Advanced Micro Devices by 136.9% during the first quarter. PFG Investments LLC now owns 34,402 shares of the semiconductor manufacturer’s stock worth $6,209,000 after buying an additional 19,882 shares in the last quarter. Parsons Capital Management Inc. RI grew its stake in Advanced Micro Devices by 3.4% during the first quarter. Parsons Capital Management Inc. RI now owns 29,585 shares of the semiconductor manufacturer’s stock worth $5,340,000 after buying an additional 979 shares in the last quarter. Finally, Drive Wealth Management LLC grew its stake in Advanced Micro Devices by 5.0% during the first quarter. Drive Wealth Management LLC now owns 4,550 shares of the semiconductor manufacturer’s stock worth $821,000 after buying an additional 215 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMD shares. Truist Financial increased their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Barclays increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. TD Cowen increased their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Evercore ISI started coverage on shares of Advanced Micro Devices in a report on Tuesday, April 16th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, Citigroup increased their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a report 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. Based on 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 1.8 %

Advanced Micro Devices stock traded up $2.80 during trading hours on Monday, reaching $160.20. 43,392,332 shares of the company’s stock were exchanged, compared to its average volume of 72,423,914. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The firm’s 50 day simple moving average is $177.19 and its 200 day simple moving average is $151.21. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The firm has a market capitalization of $258.91 billion, a PE 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 earnings per share 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 firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the business posted $0.54 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

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.