JBR Co Financial Management Inc Buys 260 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

JBR Co Financial Management Inc increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,371 shares of the semiconductor manufacturer’s stock after buying an additional 260 shares during the quarter. JBR Co Financial Management Inc’s holdings in Advanced Micro Devices were worth $1,045,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. bought a new position in Advanced Micro Devices in the third quarter valued at approximately $375,000. Factory Mutual Insurance Co. boosted its holdings in shares of Advanced Micro Devices by 117.7% in the 3rd quarter. Factory Mutual Insurance Co. now owns 73,072 shares of the semiconductor manufacturer’s stock valued at $11,990,000 after purchasing an additional 39,504 shares in the last quarter. CHICAGO TRUST Co NA increased its stake in shares of Advanced Micro Devices by 51.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 2,949 shares of the semiconductor manufacturer’s stock valued at $484,000 after purchasing an additional 998 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Advanced Micro Devices by 28.4% during the 3rd quarter. Carnegie Investment Counsel now owns 40,169 shares of the semiconductor manufacturer’s stock worth $6,591,000 after buying an additional 8,885 shares in the last quarter. Finally, Retirement Planning Group LLC lifted its position in shares of Advanced Micro Devices by 8.3% during the 3rd quarter. Retirement Planning Group LLC now owns 3,889 shares of the semiconductor manufacturer’s stock worth $638,000 after buying an additional 297 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Edward Jones began coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. Susquehanna reissued a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Truist Financial decreased their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Piper Sandler upped their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Stock Up 2.3 %

Shares of NASDAQ AMD traded up $3.71 during trading on Friday, hitting $167.89. 42,136,175 shares of the company traded hands, compared to its average volume of 58,067,195. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The business’s fifty day moving average is $151.34 and its 200 day moving average is $157.58. The firm has a market capitalization of $271.36 billion, a price-to-earnings ratio of 246.90, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.