Petros Family Wealth LLC Makes New $380,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Petros Family Wealth LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,149 shares of the semiconductor manufacturer's stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $2,867,193,000. Van ECK Associates Corp raised its holdings in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after acquiring an additional 2,238,866 shares in the last quarter. Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. Alecta Tjanstepension Omsesidigt bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $165,952,000. Finally, APG Asset Management N.V. raised its holdings in shares of Advanced Micro Devices by 675.9% during the fourth quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer's stock valued at $180,401,000 after purchasing an additional 1,347,203 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were 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 of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.73% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com lowered Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, DZ Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $148.76.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $6.40 on Wednesday, reaching $88.89. 29,126,756 shares of the company traded hands, compared to its average volume of 43,253,578. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a 50 day moving average of $102.25 and a 200 day moving average of $124.83. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm has a market capitalization of $143.67 billion, a PE ratio of 89.79, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.