Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,763 shares of the semiconductor manufacturer’s stock after selling 11,281 shares during the quarter. Advanced Micro Devices accounts for approximately 1.6% of Global X Japan Co. Ltd.’s portfolio, making the stock its 19th largest holding. Global X Japan Co. Ltd.’s holdings in Advanced Micro Devices were worth $13,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the last quarter. Geode Capital Management LLC increased its position in Advanced Micro Devices by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock worth $4,224,840,000 after buying an additional 835,413 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock valued at $2,909,350,000 after acquiring an additional 290,784 shares during the last quarter. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $2,867,193,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer’s stock worth $2,585,079,000 after acquiring an additional 1,929,225 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Melius Research set a $110.00 price target on Advanced Micro Devices in a research note on Wednesday, May 7th. Piper Sandler raised their price target on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James Financial reaffirmed an “outperform” rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a report on Tuesday, May 27th. Finally, Loop Capital lowered their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.61.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 0.2%

Shares of NASDAQ AMD opened at $126.79 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock’s 50-day simple moving average is $106.68 and its 200-day simple moving average is $111.30. The firm has a market cap of $205.58 billion, a price-to-earnings ratio of 93.23, a PEG ratio of 1.64 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) 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 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the firm earned $0.62 EPS. Advanced Micro Devices’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities 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 share buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.