Daiwa Securities Group Inc. Has $44.20 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Daiwa Securities Group Inc. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,852 shares of the semiconductor manufacturer's stock after buying an additional 46,432 shares during the period. Daiwa Securities Group Inc.'s holdings in Advanced Micro Devices were worth $44,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Stone House Investment Management LLC raised its position in Advanced Micro Devices by 6.6% during the fourth quarter. Stone House Investment Management LLC now owns 1,732 shares of the semiconductor manufacturer's stock valued at $255,000 after buying an additional 107 shares during the period. KLCM Advisors Inc. purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $1,700,000. Rakuten Securities Inc. purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $1,889,000. Slow Capital Inc. grew its stake in Advanced Micro Devices by 0.4% in the fourth quarter. Slow Capital Inc. now owns 29,763 shares of the semiconductor manufacturer's stock valued at $4,387,000 after purchasing an additional 124 shares in the last quarter. Finally, Sfmg LLC grew its stake in Advanced Micro Devices by 3.5% in the fourth quarter. Sfmg LLC now owns 24,952 shares of the semiconductor manufacturer's stock valued at $3,678,000 after purchasing an additional 839 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company's stock, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 in the last three months. Insiders own 0.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMD. Barclays upped their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an "overweight" rating in a research note on Monday, March 4th. StockNews.com upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Thursday, February 29th. HSBC upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and upped their price target for the stock from $180.00 to $225.00 in a research note on Tuesday. Truist Financial upped their price target on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a "hold" rating in a research note on Wednesday, January 31st. Finally, Raymond James downgraded Advanced Micro Devices from a "strong-buy" rating to an "outperform" rating and upped their price target for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $185.15.

Advanced Micro Devices Trading Down 5.8 %

AMD traded down $9.44 during mid-day trading on Wednesday, reaching $154.02. The stock had a trading volume of 75,773,286 shares, compared to its average volume of 74,973,969. The stock has a market capitalization of $248.92 billion, a P/E ratio of 296.20, a P/E/G ratio of 2.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm's fifty day simple moving average is $180.78 and its two-hundred day simple moving average is $148.19. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts' consensus estimates of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.63 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.

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