Jamison Private Wealth Management Inc. Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jamison Private Wealth Management Inc. grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,116 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,833 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Advanced Micro Devices were worth $6,090,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC grew its stake in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the last quarter. ZRC Wealth Management LLC grew its position in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of Advanced Micro Devices in the second quarter worth $27,000. Finally, Valued Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 5.2 %

NASDAQ:AMD opened at $156.64 on Wednesday. The stock has a fifty day simple moving average of $152.48 and a 200 day simple moving average of $157.15. The firm has a market capitalization of $253.18 billion, a price-to-earnings ratio of 230.35, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. Barclays dropped their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Truist Financial reduced their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.