Nissay Asset Management Corp Japan ADV Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nissay Asset Management Corp Japan ADV boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,420 shares of the semiconductor manufacturer's stock after purchasing an additional 13,269 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Advanced Micro Devices were worth $65,277,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMD. Segment Wealth Management LLC grew 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 purchasing an additional 87 shares during the period. Breakwater Capital Group raised its holdings 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. lifted its position in Advanced Micro Devices by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock valued at $575,000 after buying an additional 91 shares in the last quarter. TFG Advisers LLC boosted its position in Advanced Micro Devices by 2.0% during the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after purchasing an additional 92 shares during the period. Finally, BSW Wealth Partners boosted its position in Advanced Micro Devices by 1.1% during the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock worth $1,068,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $112.46 on Wednesday. The stock's 50-day moving average is $97.81 and its two-hundred day moving average is $115.78. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. 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 firm has a market cap of $182.34 billion, a P/E ratio of 113.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. Stifel Nicolaus set a $132.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 28th. Piper Sandler reissued an "overweight" rating and issued a $125.00 price target (down previously from $140.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $120.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $131.13.

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.

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