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

Mufg Securities Americas Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 23,955 shares of the semiconductor manufacturer’s stock, valued at approximately $2,894,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMD. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter valued at about $2,867,193,000. Kovitz Investment Group Partners LLC boosted its position in shares of Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp increased its stake in Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after acquiring an additional 2,874,012 shares during the last quarter. Van ECK Associates Corp raised its position in Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Advanced Micro Devices by 70.3% during the fourth quarter. Lazard Asset Management LLC now owns 3,609,705 shares of the semiconductor manufacturer’s stock worth $436,014,000 after purchasing an additional 1,490,697 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $112.46 on Wednesday. The company has a market capitalization of $182.34 billion, a PE ratio of 113.60, a P/E/G ratio of 1.11 and a beta of 1.97. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The firm has a fifty day simple moving average of $97.81 and a 200 day simple moving average of $115.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMD shares. Evercore ISI reduced their target price on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Susquehanna decreased their target price on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, April 24th. Sanford C. Bernstein dropped their target price on shares of Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.13.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were 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 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 SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.