Mufg Securities Americas Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mufg Securities Americas Inc. bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,955 shares of the semiconductor manufacturer's stock, valued at approximately $2,894,000.

A number of other institutional investors have also recently made changes to their positions in the company. Segment Wealth Management LLC lifted its holdings in Advanced Micro Devices by 0.5% in the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after acquiring an additional 87 shares during the period. Breakwater Capital Group lifted its stake in shares of Advanced Micro Devices by 5.2% in the 4th quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 88 shares during the period. Koshinski Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after buying an additional 91 shares during the last quarter. TFG Advisers LLC boosted its holdings in shares of Advanced Micro Devices by 2.0% in the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after buying an additional 92 shares during the last quarter. Finally, BSW Wealth Partners grew its position in Advanced Micro Devices by 1.1% during the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on AMD. Morgan Stanley reduced their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. TD Cowen raised their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Raymond James reiterated an "outperform" rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.10.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 1.9%

Shares of NASDAQ:AMD traded up $2.18 during trading on Friday, hitting $117.17. The company had a trading volume of 42,845,715 shares, compared to its average volume of 42,782,206. The stock has a market cap of $189.98 billion, a price-to-earnings ratio of 118.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a fifty day simple moving average of $98.53 and a two-hundred day simple moving average of $115.48. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the company earned $0.62 earnings per share. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

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.