Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Jacobs & Co. CA

Jacobs & Co. CA lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,917 shares of the semiconductor manufacturer's stock after purchasing an additional 9,887 shares during the period. Jacobs & Co. CA's holdings in Advanced Micro Devices were worth $10,162,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on AMD shares. TD Cowen boosted their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Sanford C. Bernstein reduced their price target on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Melius Research set a $110.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Morgan Stanley reduced their target price on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.58.

Advanced Micro Devices Trading Down 2.6%

AMD traded down $2.96 on Friday, reaching $110.07. 36,035,850 shares of the company's stock were exchanged, compared to its average volume of 41,974,399. The company has a market cap of $178.47 billion, a price-to-earnings ratio of 111.18, a PEG ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company's 50 day moving average is $100.34 and its 200-day moving average is $113.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.