MJP Associates Inc. ADV Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

MJP Associates Inc. ADV lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,492 shares of the semiconductor manufacturer’s stock after selling 141 shares during the quarter. MJP Associates Inc. ADV’s holdings in Advanced Micro Devices were worth $398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMD. Eagle Bay Advisors LLC increased its position in Advanced Micro Devices by 50.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 228 shares during the period. Tucker Asset Management LLC bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $31,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $37,000. Samalin Investment Counsel LLC raised its stake in Advanced Micro Devices by 112.5% in the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 180 shares in the last quarter. Finally, NewSquare Capital LLC raised its stake in Advanced Micro Devices by 170.8% in the first quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock worth $41,000 after buying an additional 263 shares in the last quarter. Institutional investors own 68.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMD shares. KeyCorp upped their target price on shares of Advanced Micro Devices from $150.00 to $160.00 in a research report on Tuesday, July 11th. Stifel Nicolaus raised their target price on shares of Advanced Micro Devices from $98.00 to $145.00 in a research note on Wednesday, June 14th. The Goldman Sachs Group boosted their price target on Advanced Micro Devices from $97.00 to $137.00 in a research report on Wednesday, June 14th. Argus raised their price objective on Advanced Micro Devices from $100.00 to $170.00 in a research report on Thursday, June 15th. Finally, Wolfe Research assumed coverage on Advanced Micro Devices in a research note on Wednesday, July 19th. They set an “outperform” rating and a $150.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.19.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,192,774 shares of the company’s stock, valued at $356,281,650.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Mark D. Papermaster sold 31,701 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $111.49, for a total value of $3,534,344.49. Following the completion of the transaction, the executive vice president now owns 1,513,245 shares of the company’s stock, valued at approximately $168,711,685.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,192,774 shares in the company, valued at $356,281,650.66. The disclosure for this sale can be found here. Insiders sold a total of 196,643 shares of company stock valued at $21,395,584 in the last quarter. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $0.65 during trading on Monday, hitting $102.14. The stock had a trading volume of 26,499,287 shares, compared to its average volume of 63,745,004. The company has a quick ratio of 1.58, a current ratio of 2.18 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $54.57 and a 12-month high of $132.83. The stock has a market capitalization of $165.02 billion, a price-to-earnings ratio of -5,074.50, a price-to-earnings-growth ratio of 5.98 and a beta of 1.80. The stock has a 50-day simple moving average of $109.97 and a two-hundred day simple moving average of $104.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The business’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.