Jacobs & Co. CA Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jacobs & Co. CA lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,030 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,404 shares during the quarter. Jacobs & Co. CA’s holdings in Advanced Micro Devices were worth $10,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Andra AP fonden bought a new stake in Advanced Micro Devices during the second quarter valued at about $2,855,000. HHM Wealth Advisors LLC grew its holdings in Advanced Micro Devices by 38.5% during the second quarter. HHM Wealth Advisors LLC now owns 597 shares of the semiconductor manufacturer’s stock valued at $97,000 after purchasing an additional 166 shares during the period. Linscomb Wealth Inc. grew its holdings in Advanced Micro Devices by 3.7% during the second quarter. Linscomb Wealth Inc. now owns 13,595 shares of the semiconductor manufacturer’s stock valued at $2,205,000 after purchasing an additional 480 shares during the period. Y.D. More Investments Ltd grew its holdings in Advanced Micro Devices by 3.2% during the second quarter. Y.D. More Investments Ltd now owns 30,694 shares of the semiconductor manufacturer’s stock valued at $4,978,000 after purchasing an additional 965 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its holdings in Advanced Micro Devices by 406.7% during the second quarter. Cornercap Investment Counsel Inc. now owns 17,396 shares of the semiconductor manufacturer’s stock valued at $2,822,000 after purchasing an additional 13,963 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $180.00 to $155.00 in a report on Monday, December 9th. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday. Finally, Mizuho dropped their price objective on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.22.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 4.5 %

Shares of NASDAQ AMD traded down $5.49 during midday trading on Friday, hitting $116.35. The company’s stock had a trading volume of 46,578,076 shares, compared to its average volume of 41,820,477. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $188.81 billion, a P/E ratio of 104.82, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The business’s 50 day moving average is $133.09 and its two-hundred day moving average is $147.05. Advanced Micro Devices, Inc. has a 12-month low of $114.45 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.