Jmac Enterprises LLC Buys 235 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jmac Enterprises LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,613 shares of the semiconductor manufacturer’s stock after purchasing an additional 235 shares during the quarter. Jmac Enterprises LLC’s holdings in Advanced Micro Devices were worth $757,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its stake in Advanced Micro Devices by 20.8% during the third quarter. Deseret Mutual Benefit Administrators now owns 673 shares of the semiconductor manufacturer’s stock worth $110,000 after purchasing an additional 116 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after buying an additional 588,595 shares in the last quarter. BNC Wealth Management LLC grew its position in Advanced Micro Devices by 4.8% in the third quarter. BNC Wealth Management LLC now owns 44,956 shares of the semiconductor manufacturer’s stock valued at $7,376,000 after acquiring an additional 2,072 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its stake in Advanced Micro Devices by 7.2% during the third quarter. Walkner Condon Financial Advisors LLC now owns 1,931 shares of the semiconductor manufacturer’s stock worth $317,000 after acquiring an additional 130 shares in the last quarter. Finally, Advisors Management Group Inc. ADV boosted its stake in shares of Advanced Micro Devices by 21.4% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 36,951 shares of the semiconductor manufacturer’s stock valued at $6,063,000 after purchasing an additional 6,519 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Barclays reduced their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Edward Jones assumed coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. Piper Sandler restated an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Evercore ISI raised their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Stock Up 1.4 %

Shares of AMD stock opened at $147.15 on Thursday. Advanced Micro Devices, Inc. has a one year low of $112.88 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market capitalization of $238.80 billion, a price-to-earnings ratio of 130.72, a PEG ratio of 1.96 and a beta of 1.71. The company’s fifty day moving average price is $154.36 and its 200-day moving average price is $155.56.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

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.