Daiwa Securities Group Inc. Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Daiwa Securities Group Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 394,353 shares of the semiconductor manufacturer's stock after purchasing an additional 25,068 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Advanced Micro Devices were worth $47,637,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Bedell Frazier Investment Counselling LLC lifted its position in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after acquiring an additional 74 shares in the last quarter. NCM Capital Management LLC lifted its holdings in Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer's stock worth $1,420,000 after purchasing an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in Advanced Micro Devices by 15.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer's stock worth $94,000 after acquiring an additional 76 shares during the period. Bank of Marin raised its position in shares of Advanced Micro Devices by 1.3% in the third quarter. Bank of Marin now owns 6,007 shares of the semiconductor manufacturer's stock valued at $986,000 after buying an additional 80 shares in the last quarter. Finally, Northeast Financial Consultants Inc raised its holdings in Advanced Micro Devices by 2.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer's stock valued at $479,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

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Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $2.63 during midday trading on Wednesday, hitting $99.39. The company's stock had a trading volume of 10,023,050 shares, compared to its average volume of 39,215,375. The firm's 50 day moving average is $113.39 and its 200-day moving average is $134.17. The firm has a market cap of $161.06 billion, a P/E ratio of 100.52, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $198.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Citigroup reissued a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Melius downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $155.83.

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.