Jones Financial Companies Lllp Grows Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Jones Financial Companies Lllp increased its stake in Advanced Micro Devices, Inc. by 74.5% in the first quarter, ultimately owning 390,771 shares worth around $40.3 million.
• Insiders, including EVP Forrest Eugene Norrod and Mark D. Papermaster, have recently sold shares, with total insider sales amounting to $44.2 million over the past three months.
• Equities analysts have varied opinions on AMD, with ratings ranging from Strong Buy to Sell, and an average price target set at $180.88.

Jones Financial Companies Lllp grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 74.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 390,771 shares of the semiconductor manufacturer's stock after buying an additional 166,812 shares during the period. Jones Financial Companies Lllp's holdings in Advanced Micro Devices were worth $40,335,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Silicon Valley Capital Partners increased its position in Advanced Micro Devices by 21.9% during the first quarter. Silicon Valley Capital Partners now owns 132,529 shares of the semiconductor manufacturer's stock worth $13,680,000 after buying an additional 23,817 shares in the last quarter. Strs Ohio purchased a new position in Advanced Micro Devices during the first quarter worth $50,583,000. Jacobi Capital Management LLC increased its position in Advanced Micro Devices by 38.5% during the first quarter. Jacobi Capital Management LLC now owns 8,981 shares of the semiconductor manufacturer's stock worth $923,000 after buying an additional 2,498 shares in the last quarter. Advisors Capital Management LLC increased its position in Advanced Micro Devices by 5.7% during the first quarter. Advisors Capital Management LLC now owns 53,503 shares of the semiconductor manufacturer's stock worth $5,497,000 after buying an additional 2,907 shares in the last quarter. Finally, Rollins Financial Advisors LLC purchased a new position in Advanced Micro Devices during the first quarter worth $223,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value 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. The trade was a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock worth $44,183,576 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Monday, June 23rd. Citigroup lifted their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. HSBC lowered their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. Erste Group Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Piper Sandler lifted their price objective on Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $180.88.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $158.57 on Monday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The business has a 50-day moving average of $163.13 and a 200-day moving average of $127.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market capitalization of $257.33 billion, a price-to-earnings ratio of 91.13, a PEG ratio of 1.87 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same period in the previous year, the company earned $0.69 EPS. Advanced Micro Devices's quarterly revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company 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.

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