Advanced Micro Devices, Inc. $AMD Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 548,917 shares of the semiconductor manufacturer’s stock after acquiring an additional 24,802 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Advanced Micro Devices were worth $78,059,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 208 shares during the last quarter. Avion Wealth lifted its position in Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 72 shares in the last quarter. West Branch Capital LLC lifted its position in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 214 shares in the last quarter. High Note Wealth LLC lifted its position in Advanced Micro Devices by 285.5% during the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 197 shares in the last quarter. Finally, Quaker Wealth Management LLC lifted its position in Advanced Micro Devices by 136.2% during the second quarter. Quaker Wealth Management LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $39,000 after buying an additional 1,039 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 2.5%

Shares of NASDAQ:AMD opened at $256.33 on Thursday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $196.54 and a 200 day simple moving average of $156.76. The firm has a market cap of $415.98 billion, a PE ratio of 147.32, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. This trade represents a 0.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMD. Bank of America lifted their price target on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Citigroup lifted their price target on shares of Advanced Micro Devices from $215.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday. Seaport Res Ptn cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Evercore ISI boosted their target price on shares of Advanced Micro Devices from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird set a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $263.21.

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.