SJS Investment Consulting Inc. Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SJS Investment Consulting Inc. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 340.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 828 shares of the semiconductor manufacturer’s stock after purchasing an additional 640 shares during the period. SJS Investment Consulting Inc.’s holdings in Advanced Micro Devices were worth $94,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $836,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after acquiring an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 34.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after acquiring an additional 692 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Advanced Micro Devices by 104.8% in the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after acquiring an additional 4,072 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 217.2% in the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after acquiring an additional 272,557 shares during the period. 68.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMD shares. HSBC increased their price objective on Advanced Micro Devices from $77.00 to $120.00 in a report on Thursday, June 15th. Wolfe Research initiated coverage on Advanced Micro Devices in a report on Wednesday, July 19th. They issued an “outperform” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $92.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Piper Sandler increased their price target on Advanced Micro Devices from $110.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. Finally, KeyCorp increased their price target on Advanced Micro Devices from $150.00 to $160.00 in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.19.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the sale, the executive vice president now owns 103,663 shares in the company, valued at approximately $11,010,047.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the transaction, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total value of $7,905,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,358,721 shares in the company, valued at $354,009,193.40. The disclosure for this sale can be found here. Insiders sold 196,643 shares of company stock worth $21,395,584 in the last 90 days. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 0.9 %

Advanced Micro Devices stock traded down $0.93 during midday trading on Tuesday, reaching $101.44. 23,398,538 shares of the company were exchanged, compared to its average volume of 63,655,363. The firm’s 50-day simple moving average is $109.97 and its 200-day simple moving average is $104.65. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $132.83. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Advanced Micro Devices had a positive return on equity of 5.69% and a negative net margin of 0.11%. The firm’s revenue was down 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current year.

About Advanced Micro Devices

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.