Naviter Wealth LLC Has $2.17 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Naviter Wealth LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,921 shares of the semiconductor manufacturer’s stock after buying an additional 5,258 shares during the period. Naviter Wealth LLC’s holdings in Advanced Micro Devices were worth $2,165,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Swedbank AB increased its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after acquiring an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC lifted its stake in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the last quarter. M&G PLC acquired a new stake in Advanced Micro Devices in the third quarter valued at $2,355,000. Forte Capital LLC ADV lifted its stake in shares of Advanced Micro Devices by 16.6% during the 3rd quarter. Forte Capital LLC ADV now owns 1,521 shares of the semiconductor manufacturer’s stock worth $250,000 after buying an additional 216 shares during the last quarter. Finally, Graypoint LLC lifted its stake in shares of Advanced Micro Devices by 1.8% during the 3rd quarter. Graypoint LLC now owns 13,010 shares of the semiconductor manufacturer’s stock worth $2,135,000 after buying an additional 233 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMD. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. TD Cowen cut their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Mizuho dropped their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays dropped their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Up 1.5 %

Shares of NASDAQ:AMD opened at $100.31 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $95.89 and a 52-week high of $227.30. The stock has a market cap of $162.55 billion, a price-to-earnings ratio of 101.32, a PEG ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $114.39 and a 200-day moving average price of $135.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.