Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Jessup Wealth Management Inc

Jessup Wealth Management Inc grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,340 shares of the semiconductor manufacturer's stock after buying an additional 10,105 shares during the period. Advanced Micro Devices accounts for approximately 3.4% of Jessup Wealth Management Inc's portfolio, making the stock its 8th largest position. Jessup Wealth Management Inc's holdings in Advanced Micro Devices were worth $8,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Perspectives Inc raised its holdings in shares of Advanced Micro Devices by 15.4% in the fourth quarter. Financial Perspectives Inc now owns 2,505 shares of the semiconductor manufacturer's stock valued at $303,000 after buying an additional 334 shares during the last quarter. Rye Brook Capital LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $1,564,000. Lyell Wealth Management LP raised its holdings in Advanced Micro Devices by 1.3% during the fourth quarter. Lyell Wealth Management LP now owns 88,365 shares of the semiconductor manufacturer's stock worth $10,674,000 after purchasing an additional 1,125 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Advanced Micro Devices by 17.1% during the fourth quarter. Global Retirement Partners LLC now owns 31,198 shares of the semiconductor manufacturer's stock worth $3,768,000 after purchasing an additional 4,556 shares in the last quarter. Finally, DSM Capital Partners LLC raised its holdings in Advanced Micro Devices by 6.2% during the fourth quarter. DSM Capital Partners LLC now owns 1,349,087 shares of the semiconductor manufacturer's stock worth $162,956,000 after purchasing an additional 78,769 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 2.8 %

NASDAQ AMD traded down $3.22 during mid-day trading on Friday, reaching $110.95. 31,210,695 shares of the stock were exchanged, compared to its average volume of 40,432,551. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The business's fifty day simple moving average is $119.16 and its 200 day simple moving average is $138.11. The stock has a market capitalization of $179.79 billion, a PE ratio of 112.19, a PEG ratio of 1.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler cut their price target on shares of Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Morgan Stanley cut their price target on shares of Advanced Micro Devices from $158.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Argus raised shares of Advanced Micro Devices to a "strong-buy" rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.70.

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.