Jag Capital Management LLC Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jag Capital Management LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 85.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,413 shares of the semiconductor manufacturer's stock after acquiring an additional 53,735 shares during the quarter. Advanced Micro Devices comprises about 2.3% of Jag Capital Management LLC's portfolio, making the stock its 18th largest holding. Jag Capital Management LLC's holdings in Advanced Micro Devices were worth $19,101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock valued at $26,133,989,000 after purchasing an additional 2,349,288 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Advanced Micro Devices by 1.4% in the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer's stock valued at $2,159,039,000 after acquiring an additional 188,580 shares during the period. Van ECK Associates Corp raised its stake in shares of Advanced Micro Devices by 11.3% in the third quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock valued at $1,471,128,000 after acquiring an additional 975,220 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after acquiring an additional 2,497,056 shares during the period. Finally, GQG Partners LLC raised its stake in shares of Advanced Micro Devices by 5.0% in the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer's stock valued at $1,451,945,000 after acquiring an additional 382,582 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $0.60 during trading hours on Monday, reaching $147.35. 29,626,539 shares of the company were exchanged, compared to its average volume of 55,967,035. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock's 50-day moving average is $154.44 and its 200-day moving average is $155.57. The firm has a market cap of $239.12 billion, a PE ratio of 133.12, a price-to-earnings-growth ratio of 2.01 and a beta of 1.71. Advanced Micro Devices, Inc. has a twelve month low of $116.00 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts' consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. Piper Sandler reissued an "overweight" rating and issued a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Finally, Barclays lowered their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices 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.