Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Lifted by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 639.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,510 shares of the semiconductor manufacturer’s stock after buying an additional 22,060 shares during the quarter. Advanced Micro Devices makes up approximately 13.5% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its largest holding. Mizuho Securities Co. Ltd.’s holdings in Advanced Micro Devices were worth $3,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Capital Investment Advisors LLC lifted its stake in Advanced Micro Devices by 9.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 8,265 shares of the semiconductor manufacturer’s stock worth $850,000 after purchasing an additional 747 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Advanced Micro Devices by 13.7% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 20,752 shares of the semiconductor manufacturer’s stock worth $2,134,000 after purchasing an additional 2,503 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Advanced Micro Devices by 3,436.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 481,718 shares of the semiconductor manufacturer’s stock worth $49,552,000 after purchasing an additional 468,098 shares in the last quarter. Bellecapital International Ltd. lifted its stake in Advanced Micro Devices by 5.7% in the 3rd quarter. Bellecapital International Ltd. now owns 94,456 shares of the semiconductor manufacturer’s stock worth $9,712,000 after purchasing an additional 5,077 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Advanced Micro Devices by 4.6% in the 3rd quarter. Avior Wealth Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock worth $808,000 after purchasing an additional 344 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AMD. Evercore ISI began coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price target on the stock. UBS Group lifted their price target on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Bank of America lifted their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Truist Financial lifted their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Insider Transactions at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $276,050,677.14. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 over the last ninety days. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $3.63 on Tuesday, reaching $152.27. The company’s stock had a trading volume of 45,968,803 shares, compared to its average volume of 73,946,445. The stock’s 50-day moving average is $178.79 and its two-hundred day moving average is $149.88. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock has a market capitalization of $246.09 billion, a P/E ratio of 292.83, a PEG ratio of 2.23 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

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.