Jacobi Capital Management LLC Sells 321 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jacobi Capital Management LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.5% during the 1st quarter, HoldingsChannel reports. The firm owned 2,249 shares of the semiconductor manufacturer’s stock after selling 321 shares during the quarter. Jacobi Capital Management LLC’s holdings in Advanced Micro Devices were worth $406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Addison Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Prentice Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after acquiring an additional 62 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after acquiring an additional 63 shares in the last quarter. Schear Investment Advisers LLC lifted its holdings in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares during the period. Finally, Fiduciary Group LLC lifted its holdings in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 65 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.5 %

Shares of AMD traded up $0.74 during trading hours on Tuesday, reaching $156.61. 13,060,772 shares of the stock traded hands, compared to its average volume of 63,655,211. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a market cap of $253.13 billion, a price-to-earnings ratio of 228.07, a PEG ratio of 1.75 and a beta of 1.69. The stock has a fifty day simple moving average of $164.38 and a 200 day simple moving average of $168.42. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its 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. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.6 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related 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 transaction 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on AMD shares. Roth Mkm cut their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Cantor Fitzgerald raised their target price on Advanced Micro Devices from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Benchmark dropped their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Truist Financial reduced their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.97.

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.