JJJ Advisors Inc. Acquires 909 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

JJJ Advisors Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 102.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,796 shares of the semiconductor manufacturer’s stock after purchasing an additional 909 shares during the quarter. JJJ Advisors Inc.’s holdings in Advanced Micro Devices were worth $141,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMD. tru Independence LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $19,261,000. McCarthy Asset Management Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at $28,000. Tsfg LLC raised its stake in shares of Advanced Micro Devices by 65.8% during the fourth quarter. Tsfg LLC now owns 315 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 125 shares in the last quarter. Oder Investment Management LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 67.01% of the company’s stock.

Shares of AMD stock traded down $1.17 during mid-day trading on Tuesday, hitting $77.38. 678,363 shares of the company’s stock were exchanged, compared to its average volume of 45,714,668. The stock has a market cap of $94.02 billion, a price-to-earnings ratio of 106.15, a PEG ratio of 1.14 and a beta of 2.29. The company has a quick ratio of 1.74, a current ratio of 2.28 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a fifty-two week low of $48.42 and a fifty-two week high of $99.23. The stock has a 50-day simple moving average of $80.80 and a two-hundred day simple moving average of $85.85.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Monday, April 26th. The semiconductor manufacturer reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The firm’s revenue was up 92.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 1.01 earnings per share for the current fiscal year.

In other news, EVP Rick Bergman sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $88.29, for a total value of $176,580.00. Following the completion of the sale, the executive vice president now owns 71,891 shares of the company’s stock, valued at $6,347,256.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Forrest Eugene Norrod sold 81,500 shares of the stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $84.02, for a total transaction of $6,847,630.00. Following the completion of the sale, the senior vice president now directly owns 377,260 shares of the company’s stock, valued at approximately $31,697,385.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 217,683 shares of company stock worth $18,123,494. 1.20% of the stock is owned by company insiders.

A number of equities research analysts recently commented on AMD shares. Northland Securities upped their target price on Advanced Micro Devices from $96.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. BMO Capital Markets lowered Advanced Micro Devices from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $80.00 to $75.00 in a research note on Thursday, January 14th. Barclays boosted their target price on shares of Advanced Micro Devices from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Summit Insights cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Wednesday, April 28th. Finally, Piper Sandler boosted their price target on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, January 13th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $96.63.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Read More: Why do analysts give a neutral rating?

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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