Peterson Wealth Management Sells 1,610 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Peterson Wealth Management decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,479 shares of the semiconductor manufacturer’s stock after selling 1,610 shares during the period. Advanced Micro Devices accounts for approximately 2.3% of Peterson Wealth Management’s investment portfolio, making the stock its 17th biggest holding. Peterson Wealth Management’s holdings in Advanced Micro Devices were worth $3,688,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Advanced Micro Devices by 1.9% during the third 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 acquiring an additional 177,700 shares during the last quarter. Swiss National Bank raised its holdings in shares of Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after purchasing an additional 12,500 shares during the period. Shum Financial Group Inc. acquired a new position in shares of Advanced Micro Devices during the third quarter valued at about $858,000. Harvest Portfolios Group Inc. raised its holdings in shares of Advanced Micro Devices by 4.4% during the third quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer’s stock valued at $24,029,000 after purchasing an additional 6,168 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 1.1 %

AMD opened at $136.24 on Friday. The company has a 50 day moving average of $152.53 and a 200 day moving average of $154.16. The company has a market cap of $221.09 billion, a PE ratio of 122.74, a price-to-earnings-growth ratio of 1.95 and a beta of 1.71. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

About Advanced Micro Devices

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.