Jacobi Capital Management LLC Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)
Jacobi Capital Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 128.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,483 shares of the semiconductor manufacturer's stock after purchasing an additional 3,650 shares during the period. Jacobi Capital Management LLC's holdings in Advanced Micro Devices were worth $783,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of AMD. Bedell Frazier Investment Counselling LLC grew its position in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after buying an additional 74 shares during the last quarter. NCM Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 0.9% in the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer's stock valued at $1,420,000 after acquiring an additional 75 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its stake in shares of Advanced Micro Devices by 15.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer's stock worth $94,000 after acquiring an additional 76 shares during the period. Greenwich Wealth Management LLC raised its holdings in Advanced Micro Devices by 5.4% during the third quarter. Greenwich Wealth Management LLC now owns 1,533 shares of the semiconductor manufacturer's stock worth $252,000 after purchasing an additional 78 shares in the last quarter. Finally, Arlington Capital Management Inc. lifted its position in Advanced Micro Devices by 2.6% in the third quarter. Arlington Capital Management Inc. now owns 3,106 shares of the semiconductor manufacturer's stock valued at $510,000 after purchasing an additional 80 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.
AMD stock opened at $99.81 on Monday. The company has a 50 day moving average price of $116.94 and a two-hundred day moving average price of $136.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $161.74 billion, a P/E ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a one year low of $98.69 and a one year high of $227.30.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.
Several research firms have issued reports on AMD. Wedbush reiterated an "outperform" rating and set a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Melius lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. DZ Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Friday, February 7th. Argus set a $160.00 price target on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Finally, Melius Research reiterated a "hold" rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $155.83.
Read Our Latest Research Report on 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.
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