Johnson Investment Counsel Inc. Purchases 722 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Johnson Investment Counsel Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,912 shares of the semiconductor manufacturer’s stock after purchasing an additional 722 shares during the period. Johnson Investment Counsel Inc.’s holdings in Advanced Micro Devices were worth $560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Key Financial Inc increased its position in shares of Advanced Micro Devices by 5.4% during the 2nd quarter. Key Financial Inc now owns 1,941 shares of the semiconductor manufacturer’s stock valued at $221,000 after purchasing an additional 100 shares during the last quarter. Principle Wealth Partners LLC raised its position in Advanced Micro Devices by 3.7% in the second quarter. Principle Wealth Partners LLC now owns 3,625 shares of the semiconductor manufacturer’s stock worth $413,000 after acquiring an additional 131 shares during the period. Itau Unibanco Holding S.A. raised its position in Advanced Micro Devices by 19.1% in the first quarter. Itau Unibanco Holding S.A. now owns 103,735 shares of the semiconductor manufacturer’s stock worth $10,167,000 after acquiring an additional 16,622 shares during the period. Vicus Capital purchased a new position in Advanced Micro Devices in the first quarter valued at about $243,000. Finally, Liberty One Investment Management LLC grew its position in shares of Advanced Micro Devices by 5.0% during the 1st quarter. Liberty One Investment Management LLC now owns 2,247 shares of the semiconductor manufacturer’s stock valued at $220,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Insider Activity

In related news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total value of $7,905,000.00. Following the transaction, the chief executive officer now directly owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the sale, the executive vice president now owns 103,663 shares in the company, valued at approximately $11,010,047.23. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total value of $7,905,000.00. Following the transaction, the chief executive officer now directly owns 3,358,721 shares in the company, valued at $354,009,193.40. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.8 %

Shares of AMD opened at $121.53 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.61 and a current ratio of 2.19. Advanced Micro Devices, Inc. has a fifty-two week low of $60.05 and a fifty-two week high of $132.83. The firm has a 50 day moving average price of $105.73 and a 200-day moving average price of $109.56. The firm has a market cap of $194.45 billion, a price-to-earnings ratio of 1,012.75, a PEG ratio of 6.27 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.70 billion. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. Advanced Micro Devices’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMD. Citigroup upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and upped their price objective for the company from $120.00 to $136.00 in a research note on Wednesday, August 2nd. Benchmark increased their price target on Advanced Micro Devices from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird lowered their price objective on Advanced Micro Devices from $170.00 to $125.00 in a research note on Thursday, October 5th. Truist Financial cut their target price on shares of Advanced Micro Devices from $128.00 to $98.00 and set a “hold” rating for the company in a research report on Wednesday, November 1st. Finally, Raymond James lowered their price target on shares of Advanced Micro Devices from $145.00 to $125.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.77.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.