Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management Co. Ltd. reduced its stake in Advanced Micro Devices (AMD) by 4.9%, selling 5,053 shares, and now holds a total of 97,649 shares valued at approximately $10 million.
• Several institutional investors, including Vanguard Group and UBS AM, have increased their stakes in AMD, with Vanguard now owning 152 million shares worth over $15.6 billion.
• Analysts have recently raised their price targets for AMD, with UBS Group setting a new high at $210, reflecting a strong consensus rating of "Moderate Buy" for the stock.

Tokio Marine Asset Management Co. Ltd. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,649 shares of the semiconductor manufacturer's stock after selling 5,053 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Advanced Micro Devices were worth $10,032,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC boosted its stake in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares during the last quarter. Kozak & Associates Inc. boosted its stake in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $3.47 during trading hours on Thursday, reaching $180.95. 66,165,573 shares of the company traded hands, compared to its average volume of 69,515,504. The stock has a market capitalization of $293.65 billion, a P/E ratio of 68.56, a P/E/G ratio of 2.18 and a beta of 1.94. The business has a fifty day moving average price of $148.18 and a 200-day moving average price of $119.36. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The company's revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a share buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMD. TD Cowen upped their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Bank of America raised their price objective on Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. DZ Bank raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price target for the company in a report on Thursday, August 7th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $180.12.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

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.