Jackson Wealth Management LLC Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jackson Wealth Management LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,846 shares of the semiconductor manufacturer’s stock after selling 7,974 shares during the quarter. Jackson Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,597,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Chase Investment Counsel Corp increased its position in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after buying an additional 87 shares during the period. Pathway Financial Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $229,000. Fortis Capital Advisors LLC increased its position in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after buying an additional 7,235 shares during the period. Headlands Technologies LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $1,759,000. Finally, Valmark Advisers Inc. increased its position in Advanced Micro Devices by 50.4% during the fourth quarter. Valmark Advisers Inc. now owns 7,201 shares of the semiconductor manufacturer’s stock worth $1,061,000 after buying an additional 2,413 shares during the period. 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 Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated 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 in the company, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated 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 owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 0.0 %

Advanced Micro Devices stock traded down $0.04 during trading on Friday, hitting $132.50. The company’s stock had a trading volume of 78,561,997 shares, compared to its average volume of 60,147,232. The stock has a market capitalization of $214.45 billion, a price-to-earnings ratio of 194.86, a P/E/G ratio of 1.79 and a beta of 1.69. The stock’s fifty day moving average is $160.41 and its 200 day moving average is $167.82. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays cut their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Mizuho dropped their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Evercore ISI dropped their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, Jefferies Financial Group assumed coverage on Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

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.