Johnson Financial Group Inc. Purchases 2,278 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Johnson Financial Group Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 75.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,314 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,278 shares during the quarter. Johnson Financial Group Inc.’s holdings in Advanced Micro Devices were worth $783,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMD. Chase Investment Counsel Corp raised its position in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares during the last quarter. Washburn Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $231,000. Pathway Financial Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $229,000. Independence Bank of Kentucky raised its position in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $1,759,000. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders have sold a total of 165,650 shares of company stock valued at $31,761,199 in the last 90 days. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $5.93 during trading on Friday, reaching $166.36. The company had a trading volume of 54,868,646 shares, compared to its average volume of 48,877,128. The firm’s 50-day simple moving average is $164.25 and its 200 day simple moving average is $158.01. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The firm has a market capitalization of $268.89 billion, a PE ratio of 244.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. Bank of America raised their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Evercore ISI reduced their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Finally, UBS Group reduced their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.26.

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.