Jones Financial Companies Lllp Purchases 108,179 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jones Financial Companies Lllp grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 93.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,959 shares of the semiconductor manufacturer’s stock after buying an additional 108,179 shares during the quarter. Jones Financial Companies Lllp’s holdings in Advanced Micro Devices were worth $27,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Swedbank AB increased its stake in Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares during the period. Howard Capital Management Group LLC increased its holdings in Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 324 shares during the period. Stephens Inc. AR boosted its position in Advanced Micro Devices by 19.6% during the third quarter. Stephens Inc. AR now owns 33,290 shares of the semiconductor manufacturer’s stock valued at $5,462,000 after purchasing an additional 5,449 shares in the last quarter. Capital Advisors Inc. OK grew its position in shares of Advanced Micro Devices by 10.8% in the 3rd quarter. Capital Advisors Inc. OK now owns 5,137 shares of the semiconductor manufacturer’s stock worth $843,000 after buying an additional 501 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Advanced Micro Devices by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 18,560 shares of the semiconductor manufacturer’s stock worth $3,045,000 after purchasing an additional 716 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Roth Capital set a $140.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $99.81 on Monday. 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 company has a market capitalization of $161.74 billion, a price-to-earnings ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company’s 50 day simple moving average is $116.94 and its 200-day simple moving average is $136.84. Advanced Micro Devices, Inc. has a 1 year low of $98.69 and a 1 year high of $227.30.

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

Insider Transactions at Advanced Micro Devices

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

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.