Jacobson & Schmitt Advisors LLC Invests $298,000 in Advanced Micro Devices, Inc. $AMD

Jacobson & Schmitt Advisors LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,100 shares of the semiconductor manufacturer’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Capital Advisors Inc. OK grew its stake in Advanced Micro Devices by 36.2% in the first quarter. Capital Advisors Inc. OK now owns 7,418 shares of the semiconductor manufacturer’s stock valued at $762,000 after acquiring an additional 1,972 shares during the period. Callan Capital LLC grew its stake in Advanced Micro Devices by 27.6% in the first quarter. Callan Capital LLC now owns 3,775 shares of the semiconductor manufacturer’s stock valued at $388,000 after acquiring an additional 816 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of Advanced Micro Devices by 15.8% in the first quarter. Pekin Hardy Strauss Inc. now owns 7,430 shares of the semiconductor manufacturer’s stock worth $763,000 after acquiring an additional 1,015 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $250.05 on Wednesday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The stock has a market capitalization of $405.79 billion, a price-to-earnings ratio of 143.71, a PEG ratio of 2.42 and a beta of 1.90. 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 business has a 50-day moving average of $194.76 and a 200-day moving average of $156.06.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share 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 company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 313,848 shares of the company’s stock, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 274,118 shares of company stock valued at $46,180,719 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMD shares. Robert W. Baird set a $300.00 price objective on Advanced Micro Devices in a report on Wednesday. Susquehanna reissued a “positive” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Piper Sandler set a $280.00 target price on Advanced Micro Devices and gave the stock an “overweight” rating in a report on Wednesday. Finally, Stifel Nicolaus set a $280.00 price target on Advanced Micro Devices in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.82.

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.