Everpar Advisors LLC Invests $489,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Everpar Advisors LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,314 shares of the semiconductor manufacturer’s stock, valued at approximately $489,000.

Several other large investors have also made changes to their positions in the business. Sovereign Financial Group Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $357,000. Simmons Bank raised its stake in Advanced Micro Devices by 3.4% in the 4th quarter. Simmons Bank now owns 2,271 shares of the semiconductor manufacturer’s stock valued at $335,000 after purchasing an additional 75 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Advanced Micro Devices by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,923,022 shares of the semiconductor manufacturer’s stock valued at $1,315,343,000 after purchasing an additional 229,286 shares during the last quarter. Northern Financial Advisors Inc acquired a new position in Advanced Micro Devices in the 4th quarter valued at $233,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $254,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

AMD traded down $1.35 during trading on Tuesday, hitting $154.43. 37,302,953 shares of the stock were exchanged, compared to its average volume of 71,253,945. The firm has a market capitalization of $249.61 billion, a P/E ratio of 227.11, a PEG ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $89.17 and a 1-year high of $227.30. The stock has a fifty day moving average price of $174.53 and a two-hundred day moving average price of $153.23. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,850 shares of company stock worth $34,637,833. 0.65% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research note on Monday, January 8th. Morgan Stanley cut their target price on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Susquehanna cut their target price on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research note on Monday, April 29th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Truist Financial cut their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $183.94.

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.