Jones Financial Companies Lllp Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jones Financial Companies Lllp increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 93.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 223,959 shares of the semiconductor manufacturer’s stock after purchasing an additional 108,179 shares during the period. Jones Financial Companies Lllp’s holdings in Advanced Micro Devices were worth $27,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. FSA Wealth Management LLC purchased a new position in Advanced Micro Devices in the 3rd quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 0.3 %

NASDAQ:AMD opened at $99.81 on Monday. The business has a 50 day simple moving average of $116.94 and a 200 day simple moving average of $136.84. The firm has a market capitalization of $161.74 billion, a P/E ratio of 100.82, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 12-month low of $98.69 and a 12-month high of $227.30.

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

Analysts Set New Price Targets

A number of analysts have issued reports on AMD shares. TD Cowen decreased their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. KeyCorp decreased their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Susquehanna dropped their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Finally, Summit Insights raised Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have given 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 target price of $155.83.

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.