Jamison Private Wealth Management Inc. Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jamison Private Wealth Management Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 41,117 shares of the semiconductor manufacturer’s stock after buying an additional 2,587 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Advanced Micro Devices were worth $4,224,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Greenline Partners LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $29,000. Kozak & Associates Inc. increased its holdings in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 123 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Summit Securities Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AMD. KeyCorp downgraded Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. Bank of America upped their price target on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Hsbc Global Res raised shares of Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $120.00 price target (down previously from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.61.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 1.1%

NASDAQ AMD opened at $128.24 on Friday. The stock’s 50 day moving average is $108.14 and its 200 day moving average is $111.10. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The stock has a market cap of $207.93 billion, a PE ratio of 94.29, a P/E/G ratio of 1.64 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the firm earned $0.62 EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has approved a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.