Jacobs & Co. CA Has $14.48 Million Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Jacobs & Co. CA increased its stake in Advanced Micro Devices, Inc. by 3.2% during the second quarter, holding 102,078 shares valued at approximately $14.48 million.
• Insider sales included 17,200 shares sold by EVP Forrest Eugene Norrod, representing a 5.20% decrease in ownership, and 10,000 shares sold by EVP Paul Darren Grasby, a 7.38% decrease.
• Analysts have mixed sentiments, with a consensus rating of "Moderate Buy" and an average price target of $180.88 for AMD shares.

Jacobs & Co. CA lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,078 shares of the semiconductor manufacturer's stock after buying an additional 3,161 shares during the period. Advanced Micro Devices comprises approximately 1.4% of Jacobs & Co. CA's investment portfolio, making the stock its 22nd biggest position. Jacobs & Co. CA's holdings in Advanced Micro Devices were worth $14,484,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Central Pacific Bank Trust Division increased its holdings in shares of Advanced Micro Devices by 30.1% during the second quarter. Central Pacific Bank Trust Division now owns 23,982 shares of the semiconductor manufacturer's stock worth $3,403,000 after buying an additional 5,547 shares in the last quarter. Park National Corp OH bought a new stake in shares of Advanced Micro Devices in the second quarter worth $207,000. Harbor Investment Advisory LLC grew its stake in shares of Advanced Micro Devices by 7.8% in the second quarter. Harbor Investment Advisory LLC now owns 5,258 shares of the semiconductor manufacturer's stock worth $746,000 after purchasing an additional 379 shares during the last quarter. Cullen Investment Group LTD. grew its stake in shares of Advanced Micro Devices by 18.6% in the second quarter. Cullen Investment Group LTD. now owns 23,193 shares of the semiconductor manufacturer's stock worth $3,291,000 after purchasing an additional 3,635 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Advanced Micro Devices in the first quarter worth $6,647,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 270,198 shares of company stock worth $44,183,576 over the last three months. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMD shares. Jefferies Financial Group boosted their price objective on shares of Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Erste Group Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research note on Friday, June 13th. Stifel Nicolaus boosted their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $158.57 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $257.33 billion, a P/E ratio of 91.13, a price-to-earnings-growth ratio of 1.83 and a beta of 1.92. The firm's fifty day simple moving average is $163.13 and its two-hundred day simple moving average is $127.12. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the company posted $0.69 EPS. The business's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About 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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