St. Johns Investment Management Company LLC Has $799,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

St. Johns Investment Management Company LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,614 shares of the semiconductor manufacturer’s stock after selling 183 shares during the period. St. Johns Investment Management Company LLC’s holdings in Advanced Micro Devices were worth $799,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. RFG Advisory LLC lifted its position in shares of Advanced Micro Devices by 29.9% during the fourth quarter. RFG Advisory LLC now owns 8,310 shares of the semiconductor manufacturer’s stock worth $1,004,000 after purchasing an additional 1,915 shares in the last quarter. Motive Wealth Advisors raised its position in Advanced Micro Devices by 10.6% in the 4th quarter. Motive Wealth Advisors now owns 1,924 shares of the semiconductor manufacturer’s stock worth $232,000 after purchasing an additional 184 shares during the last quarter. One Wealth Management Investment & Advisory Services LLC lifted its holdings in Advanced Micro Devices by 309.9% during the 4th quarter. One Wealth Management Investment & Advisory Services LLC now owns 7,751 shares of the semiconductor manufacturer’s stock worth $936,000 after buying an additional 5,860 shares in the last quarter. Greater Midwest Financial Group LLC boosted its position in Advanced Micro Devices by 23.9% in the 4th quarter. Greater Midwest Financial Group LLC now owns 9,132 shares of the semiconductor manufacturer’s stock valued at $1,103,000 after buying an additional 1,761 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 25.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 10,029 shares of the semiconductor manufacturer’s stock valued at $1,211,000 after buying an additional 2,049 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent research reports. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Evercore ISI increased their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, TD Cowen decreased their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $177.71.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $123.04 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $199.67 billion, a P/E ratio of 110.85, a P/E/G ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The stock has a 50 day moving average of $128.68 and a 200-day moving average of $144.27.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices 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.