Jessup Wealth Management Inc Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jessup Wealth Management Inc lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,340 shares of the semiconductor manufacturer’s stock after buying an additional 10,105 shares during the quarter. Advanced Micro Devices makes up about 3.4% of Jessup Wealth Management Inc’s investment 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 filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Swedbank AB increased its stake in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after acquiring an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC grew its holdings in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Ledyard National Bank raised its stake in Advanced Micro Devices by 12.4% during the third quarter. Ledyard National Bank now owns 1,671 shares of the semiconductor manufacturer’s stock valued at $274,000 after purchasing an additional 184 shares in the last quarter. Telos Capital Management Inc. lifted its position in Advanced Micro Devices by 12.3% during the third quarter. Telos Capital Management Inc. now owns 1,505 shares of the semiconductor manufacturer’s stock valued at $247,000 after purchasing an additional 165 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in shares of Advanced Micro Devices by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 19,595 shares of the semiconductor manufacturer’s stock worth $3,215,000 after buying an additional 1,073 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.4 %

Shares of Advanced Micro Devices stock opened at $114.69 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market cap of $185.85 billion, a price-to-earnings ratio of 115.85, a PEG ratio of 1.13 and a beta of 1.65. The firm’s 50-day moving average is $119.49 and its two-hundred day moving average is $138.27. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMD shares. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Bank of America dropped their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Evercore ISI increased their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Citigroup lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company 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.