Mizuho Securities USA LLC Decreases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mizuho Securities USA LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,950 shares of the semiconductor manufacturer’s stock after selling 19,677 shares during the period. Mizuho Securities USA LLC’s holdings in Advanced Micro Devices were worth $17,220,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Coastline Trust Co lifted its stake in shares of Advanced Micro Devices by 6.4% during the 3rd quarter. Coastline Trust Co now owns 19,183 shares of the semiconductor manufacturer’s stock valued at $3,148,000 after buying an additional 1,150 shares in the last quarter. Linscomb Wealth Inc. lifted its position in shares of Advanced Micro Devices by 2.5% during the third quarter. Linscomb Wealth Inc. now owns 13,934 shares of the semiconductor manufacturer’s stock worth $2,286,000 after acquiring an additional 339 shares in the last quarter. KCM Investment Advisors LLC grew its position in shares of Advanced Micro Devices by 1.8% in the third quarter. KCM Investment Advisors LLC now owns 70,986 shares of the semiconductor manufacturer’s stock valued at $11,647,000 after purchasing an additional 1,265 shares in the last quarter. Bank of Marin raised its stake in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Bank of Marin now owns 6,007 shares of the semiconductor manufacturer’s stock valued at $986,000 after purchasing an additional 80 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Advanced Micro Devices by 8.3% during the 3rd quarter. Empowered Funds LLC now owns 95,777 shares of the semiconductor manufacturer’s stock worth $15,715,000 after purchasing an additional 7,354 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMD shares. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Piper Sandler reissued an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Robert W. Baird decreased their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Trading Down 2.8 %

NASDAQ:AMD opened at $134.90 on Friday. Advanced Micro Devices, Inc. has a one year low of $116.37 and a one year high of $227.30. The company’s 50-day simple moving average is $154.51 and its 200 day simple moving average is $155.00. The firm has a market capitalization of $218.92 billion, a P/E ratio of 121.53, a PEG ratio of 1.93 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company 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.