JCIC Asset Management Inc. Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

JCIC Asset Management Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,538 shares of the semiconductor manufacturer’s stock after acquiring an additional 515 shares during the quarter. Advanced Micro Devices accounts for 5.7% of JCIC Asset Management Inc.’s portfolio, making the stock its 6th largest position. JCIC Asset Management Inc.’s holdings in Advanced Micro Devices were worth $13,707,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMD. Sound Income Strategies LLC grew its position in Advanced Micro Devices by 15.0% in the 1st quarter. Sound Income Strategies LLC now owns 582 shares of the semiconductor manufacturer’s stock valued at $105,000 after acquiring an additional 76 shares during the last quarter. Sovereign Financial Group Inc. grew its holdings in shares of Advanced Micro Devices by 30.7% in the first quarter. Sovereign Financial Group Inc. now owns 3,165 shares of the semiconductor manufacturer’s stock worth $571,000 after purchasing an additional 744 shares during the last quarter. DGS Capital Management LLC increased its stake in Advanced Micro Devices by 88.1% in the 1st quarter. DGS Capital Management LLC now owns 2,826 shares of the semiconductor manufacturer’s stock worth $510,000 after buying an additional 1,324 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Advanced Micro Devices by 53.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 19,382 shares of the semiconductor manufacturer’s stock valued at $3,498,000 after buying an additional 6,718 shares during the period. Finally, Janiczek Wealth Management LLC grew its stake in Advanced Micro Devices by 30.3% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,494 shares of the semiconductor manufacturer’s stock worth $270,000 after acquiring an additional 347 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. Finally, Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $152.91 on Thursday. The company has a market cap of $247.15 billion, a price-to-earnings ratio of 224.87, a PEG ratio of 2.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock’s fifty day moving average price is $154.79 and its 200 day moving average price is $156.43. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

About Advanced Micro Devices

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.