Janney Montgomery Scott LLC Purchases 23,848 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Janney Montgomery Scott LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,608 shares of the semiconductor manufacturer’s stock after acquiring an additional 23,848 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Advanced Micro Devices were worth $30,754,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMD. Creative Capital Management Investments LLC grew its position in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the period. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the fourth quarter valued at about $26,000. FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the third quarter valued at about $41,000. Finally, Coston McIsaac & Partners grew its position in Advanced Micro Devices by 319.4% during the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 198 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.2 %

Shares of AMD opened at $122.84 on Friday. The firm’s 50 day simple moving average is $128.36 and its 200 day simple moving average is $144.12. The company has a market capitalization of $199.35 billion, a P/E ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 over the last ninety days. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMD. Roth Mkm restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Mizuho reduced their price target on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $180.00 to $155.00 in a report on Monday, December 9th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $176.33.

Advanced Micro Devices Company 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.