Prospera Private Wealth LLC Buys Shares of 307 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prospera Private Wealth LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 307 shares of the semiconductor manufacturer’s stock, valued at approximately $50,000.

Several other institutional investors also recently bought and sold shares of the business. EntryPoint Capital LLC raised its position in shares of Advanced Micro Devices by 81.9% in the 1st quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer’s stock worth $62,000 after acquiring an additional 154 shares in the last quarter. Linscomb Wealth Inc. raised its holdings in Advanced Micro Devices by 8.6% in the first quarter. Linscomb Wealth Inc. now owns 13,115 shares of the semiconductor manufacturer’s stock worth $2,367,000 after purchasing an additional 1,042 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Advanced Micro Devices by 70.6% during the first quarter. 1832 Asset Management L.P. now owns 137,102 shares of the semiconductor manufacturer’s stock valued at $24,746,000 after buying an additional 56,736 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $338,000. Finally, Steel Grove Capital Advisors LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $273,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 0.3 %

Shares of AMD stock opened at $137.21 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market cap of $222.67 billion, a price-to-earnings ratio of 123.61, a PEG ratio of 1.93 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30. The stock has a 50 day simple moving average of $153.95 and a 200-day simple moving average of $154.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. TD Cowen lowered their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. UBS Group lowered their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Citigroup cut their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Susquehanna reiterated a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s 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 sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

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.