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

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

Other large investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $25,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $32,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 1.9%

AMD stock traded up $2.18 during trading on Friday, reaching $117.17. 42,845,715 shares of the company traded hands, compared to its average volume of 42,689,422. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The business has a 50 day simple moving average of $98.94 and a 200 day simple moving average of $114.91. The company has a market capitalization 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 quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the company earned $0.62 earnings per share. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMD shares. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a research note on Thursday, May 8th. Cantor Fitzgerald restated an "overweight" rating and set a $120.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Evercore ISI cut their target price on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.10.

Insider Activity at Advanced Micro Devices

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

About Advanced Micro Devices

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.