Jacobs & Co. CA Has $51.75 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Jacobs & Co. CA trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 89,077 shares of the semiconductor manufacturer’s stock after selling 7,645 shares during the period. Advanced Micro Devices makes up about 4.4% of Jacobs & Co. CA’s investment portfolio, making the stock its 3rd biggest position. Jacobs & Co. CA’s holdings in Advanced Micro Devices were worth $51,746,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMD. Joseph Group Capital Management purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth $27,000. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices during the 4th quarter worth $27,000. Basepoint Wealth LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $30,000. Finally, Graney & King LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD agreed to acquire Toronto-based AI-inference chip startup Taalas for an undisclosed amount. Taalas develops specialized silicon designed to reduce computing and memory bottlenecks, and AMD plans to integrate the technology with its Instinct GPUs. The deal could improve AMD’s inference performance and strengthen its challenge to Nvidia in a rapidly expanding market. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted earnings of $1.66 per share, exceeding consensus estimates. Data Center revenue more than doubled, while management raised its outlook, reinforcing the long-term AI growth case. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts remain constructive: Rosenblatt raised its price target to $700 with a buy rating, while JPMorgan lifted its target to $550 but retained a neutral rating. Recent institutional filings also showed sizable increases in AMD holdings by PNC Financial and GF Fund Management. AMD analyst price-target changes
• Neutral Sentiment: Investors continue to debate whether AMD can become a major Nvidia alternative. Optimistic views point to data-center demand, AI deployments and supply leverage, but the stock’s high valuation means additional upside likely requires sustained execution and accelerating growth. This Could Be One of the Best Opportunities to Buy AMD Stock in Months
• Negative Sentiment: AMD’s results and guidance, although strong, did not clear an exceptionally high AI-growth bar. Investors wanted stronger evidence of accelerating AI revenue, higher margins and a faster path to closing Nvidia’s competitive lead. Why AMD’s solid quarterly earnings failed to impress investors
• Negative Sentiment: Near-term concerns include slowing growth in AMD’s client and gaming businesses and intensifying Nvidia competition. SpaceX’s selection of Nvidia rather than AMD for an AI-chip partnership further underscored concerns about Nvidia’s customer and ecosystem advantages. AMD stock falls after record quarter as SpaceX picks Nvidia
• Negative Sentiment: At roughly 124 times earnings, AMD leaves little room for disappointment. The combination of lofty expectations, post-earnings profit-taking and increased short interest contributed to the weaker investor reaction despite the earnings beat. AMD short volume hits a two-week high

Advanced Micro Devices Trading Down 1.2%

Shares of NASDAQ:AMD opened at $483.36 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The business’s fifty day simple moving average is $514.56 and its 200-day simple moving average is $359.10. The company has a market capitalization of $789.07 billion, a PE ratio of 124.26 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.96 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.38 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 285,934 shares of company stock valued at $130,353,006. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research report on Wednesday. Seaport Research Partners upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective for the company in a report on Wednesday, May 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, Raymond James Financial assumed coverage on shares of Advanced Micro Devices in a report on Wednesday, May 6th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.